- The new model could potentially increase the liquidity of DOT tokens
- Gavin Wood said this at a conference in Copenhagen
- He also discussed the transition from BTC to ETH and Polkadot as ways to scale and increase capacity
The Polkadot Decoded conference was recently held in the Danish capital. The event featured informative presentations, panel discussions, and interactive sessions. One of the highlights was a talk by Polkadot founder Gavin Wood, where he offered a Polkadot 2.0 solution.
Wood talked about the changes for Polkadot 2.0, focusing on dynamic “core” acquisition. He explained that the current rental model would be replaced by a system of selling “prime time”. This approach offers developers greater flexibility through two types of sales: bulk and instant.
The introduction of “prime time” gives developers the ability to scale block space based on need, and the “pay-as-you-go” option allows on-demand access to resources. This can foster innovation, increase capacity and improve resource management in the Polkadot ecosystem.
Gavin also emphasized the flexibility of this approach, as details will be driven by market demand, making long-term architectural issues less likely.. In addition, the new model could potentially increase the liquidity of DOT tokens by reducing blockchain periods, though specific details still need to be clarified.
With Polkadot 2.0 approaching, decentralized application development will experience a revolution, leading to lower costs of network services and improved developer experience. With its universal architecture, scalability, and emphasis on human decentralization, Polkadot is emerging as a powerful force for the widespread use of blockchain and the growth of decentralized applications.