Kusama

Polkadot

Impact

Foundation

<h4><strong>This major upgrade to Polkadot’s parachain consensus protocol is set to revolutionize how transactions and blocks are processed. </strong></h4> 
<p>It promises substantial improvements in scalability, speed, and efficiency. Let’s discover more about this important update for Polkadot.</p> 
<h5><strong>Understanding Asynchronous Backing</strong></h5> 
<p>With this upgrade, the block time is drastically reduced to just 6 seconds. This major advancement reduces block times, enabling faster transaction validations and increasing network responsiveness.</p> 
<p>One of the standout features of Asynchronous Backing is the significant increase in block space. With 5-10 times more block space, the network can handle significantly more transactions at once. This expansion is critical as it addresses one of the primary limitations of earlier blockchain iterations — scalability.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">A major milestone was reached this week, the enablement of Async Backing, the much-anticipated upgrade designed to boost throughput.</p> 
 <p>Async Backing + Agile Coretime + Elastic Scaling ushers in the next era of the network: Polkadot 2.0<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Learn more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/cECt6EUD8A">https://t.co/cECt6EUD8A</a></p> 
 <p>— Polkadot (@Polkadot) <a href="https://twitter.com/Polkadot/status/1788928771338236228?ref_src=twsrc%5Etfw">May 10, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Moreover, the upgrade introduces a groundbreaking capability: the reuse of failed parachain blocks. In previous systems, if a block failed during the consensus process, it was discarded, which meant a loss of effort and resources. Now, these blocks can be reused, optimizing resource use and enhancing the overall efficiency of the network.</p> 
<h5><strong>Impact on Transaction Finality and Network Throughput</strong></h5> 
<p>These technical improvements translate into two major benefits for users and developers: enhanced transaction finality and increased network throughput. Transaction finality measures the time it takes to consider a transaction secure and irreversible. Faster block times and enhanced processing on Kusama speed up transaction finality, greatly reducing reversal risks.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Asynchronous backing is now live on Polkadot<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>This protocol-level upgrade gives 8x more throughput to L1s secured by Polkadot, with the same security guarantees <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Learn more about async backing on the Polkadot Wiki<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/tjGWKn85Wo">https://t.co/tjGWKn85Wo</a></p> 
 <p>— Filippo Franchini | Web3 Foundation (@filippoweb3) <a href="https://twitter.com/filippoweb3/status/1787926084270366733?ref_src=twsrc%5Etfw">May 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The increase in network throughput is another critical improvement. The potential boost in transactions per second (TPS) capacity from 100k to 1M is monumental. It ensures that <a href="https://www.altcoinbuzz.io/?s=kusama" target="_blank" rel="noopener">Kusama</a> can handle much larger scales of operation without compromising on security. This makes it a robust platform for more complex and high-volume dApps.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/polkadot-launches-asynchronous-backing-for-enhanced-scalability/">Polkadot Launches Asynchronous Backing for Enhanced Scalability</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Polkadot Launches Asynchronous Backing for Enhanced Scalability

Altcoin Buzz

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