The Web3 Basis has launched a prize pool of 10 million DOT tokens, equal to roughly $65 million, to assist the implementation of the extremely anticipated Be part of-Accumulate Machine (JAM) improve to the Polkadot’s ecosystem.
On Might 27, Polkadot’s founder, Gavin Wooden, revealed that the challenge’s neighborhood had ratified the proposed improve with a near-unanimous governance vote.
JAM Implementers’ Prize
The Basis stated its initiative goals to foster innovation and improve the Polkadot ecosystem via various implementations of the JAM protocol, thereby growing the community resilience.
The prize encourages the creation of JAM implementations in numerous programming languages, together with OCaml, Go, and Zig.
To qualify, members should meet particular milestones resembling importing and producing blocks, attaining efficiency requirements on Kusama and Polkadot, and passing safety audits.
The initiative is designed to make sure the event of a decentralized community able to dealing with numerous computational duties.
Web3 Basis stated:
“JAM is an evolutionary, minimalist blockchain protocol designed to reinforce information administration and interoperability throughout the community. It’s going to make sure that Polkadot continues to supply the main customary in the case of the safety, flexibility, and scalability of blockspace.”
Moreover, the improve introduces revolutionary scalability to the consensus layer, beforehand achievable solely via rollups. This innovation removes the necessity for builders to decide on between appchains and good contracts.
The muse stated that JAM supplies a flexible surroundings for guaranteeing Layer 2 (L2) scalability with out counting on roll-up options and assembly the varied wants of any software. It added that the sturdy neighborhood assist for JAM signifies a readiness to embrace decentralized innovation whereas sustaining excessive requirements.
Though the timeline for the improve is at the moment unknown, the implementation will proceed via 5 steps, together with importation, authoring, pace checks, and safety audits.
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