New Plan Unveiled By Polkadot As Parachain Model To Be Phased Out

Polkadot (DOT), the layer-1 Proof-of-Stake (PoS) protocol that has flourished with parachain auctions since its inception, has revealed plans to phase out this scheme in the future. The intention to replace parachain auctions with a new system has been confirmed by Pierre Aubert, the newly appointed VP of Engineering at Parity Technologies, the startup behind the Polkadot protocol.

Time for change

Pierre expressed alignment with the overall vision of the protocol, set to be encapsulated in what might be referred to as Polkadot V2. According to the outlined plans, the new initiative will be substituted with Agile Coretime or Bulk Coretime, paving the way for Polkadot to establish a genuine connection with Ethereum (ETH).

Additionally, the protocol will create a direct link with its canary chain, Kusama. Aubert detailed that the next six month roadmap for Polkadot aims to introduce features enhancing the user experience through the Agile Coretime.

Moreover, the emphasis for Polkadot now revolves around improving the developer experience, with one approach being the proposed Polkadot API. This tool is anticipated to simplify the process for developers in the creation of dashboards going forward.

A slow but necessary process

The aforementioned auction model, responsible for the introduction of networks like Moonbeam Network and Astar Network to the platform, is recognized as a groundbreaking and highly practical method for managing sidechains. The system involves community members supporting protocols vying for inclusion, rewarding their involvement with the relevant native token upon launch.

However, according to Pierre, the time for change is now if Polkadot wishes to keep up with its competitors alongside new technologies and practices. Notably, the precise details of Agile Coretime and Bulk Coretime are still in the design phase, but upon launch, they are expected to exemplify the seamless evolution characteristic of Polkadot.