As a seasoned crypto investor with a keen interest in Polkadot and its ecosystem, I am thrilled to witness the successful sale of all three cores on Kusama during the Agile Coretime sale. This is an important milestone as it brings us one step closer to the eventual integration of this innovative model on the Polkadot mainnet.
As a analyst, I’m excited to share that Polkadot and Kusama, its testnet, made history by selling all three cores during the inaugural Agile Coretime auction, as announced on April 30th. This significant milestone, reported by Parity Technologies – the team behind the interoperable blockchain platform – is a pivotal move towards integrating Agile Coretime into the mainnet.
Kusama Sells All Three Cores: Beggining Of A New Era?
As a crypto investor, I’m excited to share that on April 30, all three of my Kusama (KSM) cores were successfully sold. This transaction brought in a total of 70 KSM, which is equivalent to around $1,980 based on current market prices. The price for each core was set at 23.4 KSM, amounting to approximately $660 per core. New buyers are now able to utilize these cores to produce blocks on the Kusama network for the upcoming four-week period.
The Agile Coretime concept, an improvement over the parachain auction system, is a welcomed development for those eager to contribute by producing blocks or implementing protocols. In this framework, individuals can place bids for core time, a system designed to enhance efficiency, as envisioned by Gavin Wood, the creator of Polkadot and Kusama.
Our aim is to speed up the process of onboarding new decentralized applications (dapps) onto the network more quickly. This will, in turn, boost enterprise adoption of Polkadot technology.
As an analyst, I would explain that the Agile Coretime concept represents a significant shift from the preceding parachain auction system. Instead of requiring binding, lengthy slot pledges as with Parachains, it introduces several advantages.
As a researcher, I would explain that implementing this approach allows for greater adaptability in allocating resources, which is especially beneficial when embarking on new projects. Additionally, it opens up avenues for small startups and independent developers to contribute.
As a researcher studying the implementation of this model on Polkadot, I can’t yet provide an exact timeline for its launch. Nevertheless, the promising outcomes we’ve witnessed in Kusama serve as a strong indication that the integration into Polkadot is moving forward and is likely to occur within the upcoming months.
Polkadot Prepares For Asynchronous Backing, DOT Rejects Bears
In the near future, Polkadot intends to implement Asynchronous Backing on its mainnet. This upgrade will enhance the network’s transaction processing capabilities, leading to a higher overall throughput. Furthermore, it results in expanded block capacity and reduced block times, all of which contribute positively to the network’s functionality.
The recent announcement has kept DOT prices steady, establishing its place among the top-20 cryptocurrencies. Currently, the coin is being traded around $6.5. Bulls are in control, pushing back against bearish attempts. It’s noteworthy that DOT is currently drawing support from its April 2024 lows.
Despite the current price level being below $7.5, bulls can gain control only if prices surpass this threshold and reverse the losses from April 13. Such a move could strengthen the conviction of bulls aiming for the price peaks of March 2024.
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2024-05-01 23:11