According to U.Today, Polkadot is set to revamp its Relay Chain protocol soon, but before this, it has implemented a significant upgrade known as 'Asynchronous Backing'. This upgrade optimizes the way parachain blocks are validated by the Relay Chain, making the Relay Chain twice as fast in block production. It also increases the extrinsic per block by 3-5 times and boosts blockspace availability by 6-10 times.
In the Polkadot ecosystem, parachains or sub-blockchains are central to the blockchain's innovation. The latest upgrade will enhance block space utilization in parachains. Furthermore, Asynchronous Backing is projected to increase throughput by eight times without compromising security. This enhancement is crucial for supporting Web3 applications across various sectors, including gaming and DeFi.
Polkadot has been promoting extensive enterprise adoption within its ecosystem through developer-centric innovations. The throughput provided by this latest update is vital for supporting large-scale platforms like Mythical Games. This upgrade has contributed to the sustained growth of DOT, Polkadot's native token, over the past week.
In line with the Asynchronous Backing upgrade, Polkadot has announced this as one of three major tech stacks to usher in its Polkadot 2.0 vision. The community is advised to keep an eye on 'Elastic Scaling' and 'Agile Coretime', which aim to bring more utility and performance to the Polkadot ecosystem. In addition to the protocol's widespread adoption by top exchanges, these upgrades keep the Polkadot blockchain among the most dynamic in the industry.