During the Polkadot Developer Conference that happened on March 12th until March 13th, 2024 there is new information that was given to the public regarding Polkadot’s upgrade.
Polkadot is planning to upgrade to a 2.0 version in which there will be a new architecture called the JAM Chain that will govern the Polkadot Parachain as a whole.
In this article, we will be talking about what the JAM Chain is and how it will change the mechanisms of the Polkadot Parachain in Polkadot 2.0.
What is The JAM Chain?
The JAM Chain was introduced by Gavin Woods, the Founder of Polkadot, at the developer conference that happened in Bangkok two days ago.
It will essentially change how the Polkadot Parachain will work as it will be the main blockchain that accommodates everything that happens in the blockchain.
After the implementation of JAM Chain has been done, Polkadot will change in a couple of ways including improvement of its infrastructure, governance system, and overall be easier to use by developers and everyday users.
It will essentially transform Polkadot into a more similar mechanism with Ethereum Virtual Machine or EVM so that it is easier to use while still keeping it safe and efficient.
The JAM Chain itself will enhance the overall relay chain of the Polkadot Infrastructure, so developers can not only deploy DApps and Protocols, but also be able to deploy a full blown service.
This means that Polkadot will not only have Parachains but also have other services like ZK-Rollups, Oracles, smart contracts that are compatible with other blockchain standards other than EVM, and other services that are directly built on top of the Relay Chain.
Even though Polkadot can already do that and it is still vague on how the JAM Chain will be implemented, it has successfully created a positive sentiment around Polkadot.
When Will The Upgrade Happen?
With Polkadot 2.0 there will also be a new Polkadot Virtual Machine which is a standard and a deploying machine for smart contracts that are predicted to be able to implement standards from various blockchains.
The JAM Chain will also help Polkadot to be able to process transactions faster and cheaper thanks to a new mechanism in the chain that will require less steps compared to the current way of handling transactions on the Polkadot Parachain.
Also with the JAM Chain, Polkadot will be fully interoperable with more than just EVM Blockchains, giving potentials of increasing volume in the future.
Overall the news has been received well by the overall Polkadot Community, but sadly there is still something missing.
The thing that is missing is the launch date, as Polkadot has not specified yet on when the Polkadot 2.0 will be launched.
Information circling around the community only states that the Polkadot 2.0 will be launched in early 2024, which is not specific enough, but is guaranteed to create FOMO when there is progress already happening.
But, to minimize FOMO, the Polkadot Team has stated that Polkadot 2.0 will be launched in full scale rather than in phases, so this will be huge for the DOT coin itself.
The information around Polkadot 2.0 is still unclear as there is no official publication yet, even from the Polkadot Social Media.
So to be safe, it is better to just wait on the news before changing anything if you are a developer or a regular user of the chain.
If you are an investor of DOT and looking for the potential pump that might come with the news, remember to always use proper risk management to not get eaten by FOMO and keep your capital safe.
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