On March 12, the Polkadot Developer Conference kicked off in Bangkok. As the conference progressed, the Polkadot ecological tokens experienced a general rise. According to Tradingview data, MOVR briefly broke through $32, rising 28.65% in 24 hours.

In addition, ACA briefly touched $0.23, with a 24-hour increase of 61%; KSM exceeded $61, with a 24-hour increase of 53.51%; GLMR exceeded 0.7 US dollars, a 24-hour increase of 12%; DOT exceeded 10.9 US dollars, a 24-hour increase of 4.3%.

According to Electric Capital The 2023 developer report shows that Polkadot network developers submitted a total of 22,232,604 pieces of original code throughout 2023. Developer contributions accounted for 10.5% of all submitted codes in the Web3 field. It has the second largest number of full-time developers, second only to Ethereum, reaching 792.

For this developer conference, the most noteworthy thing is the launch of Polkadot 2.0, of which the new paradigm JAM is the basis of Polkadot 2.0.

The new paradigm JAM may change the Polkadot governance model

At the conference, the Polkadot 2.0 Foundation In the keynote speech, he stated that Polkadot 2.0 may not be launched in stages, but will be launched on a large scale all at once. In Polkadot 2.0, the underlying consensus mechanism will be fixed, meaning that it will no longer be upgraded through a forkless approach in the future.

In Polkadot 2.0, a new paradigm will be introduced, the JAM chain. This JAM chain will be the foundation for Polkadot, used by blockchains like Polkadot to provide multi-core computing and support for hundreds of chains and even smart contracts, ZK-rollups, and more. In addition, Polkadot 2.0 no longer requires benchmarks, Accords, XCMP, and will support backward compatibility and immediate support for all Polkadot 1.0.

It is worth noting that, Agile Coretime is currently under construction and although not part of Polkadot 2.0, it allows for more flexible use of existing cores.

The new paradigm JAM introduced by Polkadot 2.0 will be a simpler and fixed protocol, which means that its core rules and mechanisms will not change frequently. Because the JAM protocol is fixed, developers can build different clients based on JAM without having to update their clients every time Substrate is updated.

Although the JAM protocol is fixed, Substrate can still run on parachains and system chains, etc., which means that developers can still use Substrate to develop and deploy Their blockchain applications. Among them, DOT will become an important part of the JAM architecture and be regarded as a "first-class citizen", which means that DOT will play a more central role in JAM.

In the JAM architecture, Polkadot’s governance mechanism will no longer directly control the issuance of tokens. Instead, this responsibility will be determined by the JAM protocol itself, which may impact the governance and economic model of the Polkadot network.

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