Polkadot Launches Agile Coretime for Predictable Costs and Scalable Performance
Alyssa Davidson
Posted: Sep 23, 2024 4:15 AM Updated: Sep 23, 2024 4:15 AM
Edit and fact check: September 23, 2024, 4:15 AM
Briefly
Polkadot launches Agile Coretime to enhance blockchain scaling while maintaining security and decentralization.
Multichain network Polkadot announced the launch of Agile Coretime on its blockchain. Agile Coretime is a scalability framework designed to enhance blockchain scaling while maintaining security and decentralization. It optimizes block space resource allocation across the network and challenges the notion that each application needs its own core infrastructure.
Polkadot’s Agile Coretime allows users to reserve block space up to 28 days in advance, providing predictable costs and helping to avoid congestion. This feature improves predictability, flexibility, and economics of blockchain resources while ensuring the security and decentralization essential for Web3 projects.
By locking in fixed prices, users can mitigate the risk of increased fees during network peak times, ensuring their decentralized applications (dApps) run smoothly and stay within budget. Agile Coretime also allows for custom-sized block space to be purchased on demand to meet the specific needs of a project, allowing small teams or individual developers to efficiently implement their ideas with lower up-front costs. Another notable innovation of Agile Coretime is its elastic scaling feature, allowing users to add multiple cores during periods of high demand.
Agile Coretime, Empowering Blockchain Resource Management for Developers and Enterprises
For developers, Coretime can be managed via Lastic and Region, making it easy to purchase, trade, and manage block space on these platforms. This flexibility allows you to configure resources according to the specific needs of your project.
Meanwhile, enterprise users benefit from the ability to lock resources and costs in advance, effectively avoiding disruptions caused by market-driven fee spikes at critical moments. In addition, general users and members of the Web3 community experience reduced latency, fewer failed transactions, and an overall smoother experience. With Agile Coretime, applications do not have to wait behind other transactions. Instead, they operate in their own lane, providing faster, cheaper, and more reliable services.
Polkadot operates as a decentralized blockchain computing protocol that provides validation and security services for independent blockchains called “parachains.” The platform is built using Substrate, a specialized framework for blockchain development.
We recently launched the Polkadot Ledger application, which aims to streamline user interactions with both Polkadot and its parachains within a single application. This initiative aims to improve secure and seamless interoperability across the entire Polkadot ecosystem.
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About the Author
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
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Alyssa Davidson
A dedicated journalist for MPost, Alyssa specializes in the vast areas of cryptocurrencies, zero-knowledge proofs, investments and Web3. She has a keen eye for emerging trends and technologies, and provides comprehensive coverage to inform and engage readers in the ever-evolving digital finance landscape.
More Articles