1. Fabian Gompf, the new CEO of Web3 Foundation, shared in an interview that Polkadot's parallel chain system is set for a significant overhaul.
2. The planned shift, expected by the end of this year or early next year, involves abandoning the slot auction for parallel chains.
3. Polkadot intends to implement a new mechanism enabling application developers to rent block space as required and allocate resources for parallel chains.
4. This change aligns with Polkadot 2.0, a vision introduced by blockchain founder Gavin Wood in June during the Polkadot Decoded conference.
5. The update aims to offer more flexibility, allowing encoding of diverse content atop the parallel chains.
