Polkadot eyes support for 1,000 parachains in future

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By BitcoinWiki News

Key Takeaways:

– The core developers at Polkadot are aiming to expand the ecosystem’s current parachain limit of 100 to eventually onboard 1,000 parachains in the future.
– “Asynchronous backing” is an update to Polkadot’s parachain consensus protocol designed to reduce the parachain block time from 12 seconds to 6 seconds and increase the block space for each block by 5-10 times.
– The release of asynchronous backing is set to be deployed to Polkadot’s Rococo testnet in about two weeks, with the mainnet release timeline still tentative.
– Polkadot serves as an interoperability network connecting application-specific blockchains called parachains, which derive security from a central blockchain called Relay Chain.
– Asynchronous backing will enable Polkadot to triple its number of Polkadot validators to around 1,000 by the end of 2024.


Heading: Polkadot Developers Aim to Expand Parachain Limit to 1,000 with Software Updates

Summary:
The core developers at Polkadot plan to increase the current limit of 100 parachains to 1,000 in the future by making use of software updates. One such update, called “Asynchronous backing,” aims to lower the parachain block time from 12 seconds to 6 seconds and increase the block space for each block by 5-10 times. The update is set to be deployed to Polkadot’s Rococo testnet in about two weeks. Polkadot is an interoperability network that connects different application-specific blockchains called parachains, which rely on a central blockchain known as Relay Chain for security. The developers also anticipate tripling the number of Polkadot validators to around 1,000 by the end of 2024, making this the most significant evolution of parachain consensus since its launch.

Section 1: Polkadot’s Plan to Expand Parachain Limit
The core developers at Polkadot are looking to increase the current limit of 100 parachains to 1,000 in the future by leveraging software updates.

Section 2: Introduction of Asynchronous Backing
One of the updates being introduced is called “Asynchronous backing.” It aims to reduce the parachain block time from 12 seconds to 6 seconds and increase the block space for each block by 5-10 times.

Section 3: Deployment of Asynchronous Backing
The release of asynchronous backing is scheduled to be deployed to Polkadot’s Rococo testnet in approximately two weeks. The timeline for the mainnet release is still tentative.

Section 4: Polkadot as an Interoperability Network
Polkadot functions as an interoperability network that connects various application-specific blockchains called parachains. These parachains rely on a central blockchain known as Relay Chain for security.

Section 5: Tripling the Number of Polkadot Validators
With the introduction of asynchronous backing, Polkadot aims to increase its number of validators to around 1,000 by the end of 2024, marking a significant evolution in parachain consensus since its launch.

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