• Polkadot 1.0, a blockchain network, has finally been released to mark the transition to a new advanced era.
• It tackles the hardest problems in the blockchain technology ecosystem by confronting chain maximalism and pioneering an interoperable ecosystem.
• It is complete with functionalities such as heterogeneous sharding architecture, staking system, governance, composability and transaction routing.
Polkadot 1.0 Launched
Polkadot 1.0 according to the blockchain network has finally been released. The protocol is now charting a transition to a new advanced era. Polkadot 1.0 has officially been released with all the functionalities and pioneering vision listed in the Polkadot whitepaper, making great strides in tackling the trilemma of security, scalability and decentralization.
Functionalities of Polkadot 1.0
The protocol is a pioneer for upscaling blockchain interoperability, scalability, and resilience which includes features like heterogeneous sharding architecture (which comprises of Relay Chain and connected parachains), advanced staking system, on-chain governance, composability and transaction routing among others.
Community Driven 2.0
The direction of Polkadot 2.0 is now in the hands of the community according to a Twitter post from the Polkadot protocol team where it was stated that it was originally conceived with ‘scalable heterogeneous multi-chain’ network back in 2016 and its completion marks a major milestone in blockchain evolution .
As it stands now ,the codebase is complete and fully functional ,fully handed over to the community with launch of OpenGov ,a significant evolution of original governance model
In conclusion ,the release of polkadot 1 . 0 represents „a journey from conception of radically new approach to delivery of secure ,composable ,flexible blockspace ecosystem“ .It’s completion marks as huge milestone for advancement & evolution in Blockchain technology .