Poka to Launch Three Key Upgrades for Improved Network Functions

02/13/2023 13:06 • Metaverse & Beyond • 123 views

It is reported that according to the disclosure of Kusama Council member Bill Laboon on social media, Poka is about to launch three key upgrades, of which at least two key proposals to improve network functions have won the support of more than 95% of voters. The first Referenda 101 proposal aims to promote the provision of rewards for Wasm smart contracts, which helps to make the Polkadot parallel chain more secure in general; In addition, the approval rate of Referenda 103&104, which has lifted the barrier of Zeitgeist parallel chain, has reached 98%. These new upgrades will contribute to the governance of the underlying blockchain on the democratized Polkadot network; There is also a proposal to increase the minimum number of active verifiers on the Polkadot network to 500, which will further improve the time of transaction verification, and also can quickly track events to help Polkadot maintain a high response and act as a functional network of the blockchain. （u.today）

Poka is about to launch three key upgrades: it plans to increase the minimum number of network active verifiers to 500

Interpretation of the news:

The Polkadot network has been making news lately with its plans to launch three key upgrades that aim to improve its network functions. According to the disclosure of Kusama Council member Bill Laboon on social media, at least two of these upgrades have already garnered the support of over 95% of voters. The first proposal, called Referenda 101, seeks to provide rewards for Wasm smart contracts to enhance the security of the Polkadot parallel chain. Meanwhile, Referenda 103 and 104 are aimed at lifting the barrier of Zeitgeist parallel chain, with both proposals receiving an approval rate of 98%.

These new upgrades will contribute to the governance of the underlying blockchain on the democratized Polkadot network. By enhancing the security and efficiency of the platform, Polkadot can maintain a high response and act as a functional network of the blockchain. One of the key proposals to achieve this objective involves increasing the minimum number of active verifiers on the network to 500, which will further improve the time of transaction verification. With this proposal, Polkadot can quickly track events and maintain its position as a leading blockchain network.

The launch of these key upgrades is expected to contribute significantly to the development and success of the Polkadot ecosystem. The approval rate of more than 95% of voters for two of these upgrades suggests that the community is excited about these proposals and supports their implementation. The Polkadot network has been gaining a lot of attention in recent times, and these upgrades will further cement its position as an innovative and advanced blockchain technology.

In conclusion, the proposed upgrades to the Polkadot network are aimed at enhancing the security, efficiency, and governance of the platform. By increasing the minimum number of active verifiers on the network and providing rewards for Wasm smart contracts, Polkadot can maintain a high level of performance and keep up with the growing demands of the blockchain ecosystem. The community’s support for these proposals is a testament to the network’s potential and its role in advancing the blockchain industry.

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