Poka’s Three Key Upgrades to Enhance its Network Functionality

02/13/2023 13:06 • Digital Disruptors • 88 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

Analysis based on this information:

Poka, a popular blockchain network, is set to launch three key upgrades that will improve its network functionality. According to Bill Laboon, a Kusama Council member, these upgrades have received overwhelming support from over 95% of voters. The upgrades include Referenda 101, Referenda 103, and Referenda 104.

Referenda 101 proposes the provision of rewards for Wasm smart contracts, which will enhance the security of the Polkadot parallel chain. This will enable users to access various decentralized applications, without worrying about security breaches. This upgrade will also help to democratize the governance of the underlying blockchain, making it truly decentralized.

Referenda 103 and 104 will remove the barrier to entry for the Zeitgeist parallel chain, with an approval rate of 98%. This will increase participation in the network, making it more scalable and secure. This upgrade will help to enhance the governance of the blockchain network as well.

Another proposal is to increase the minimum number of active verifiers on the Polkadot network to 500. This will further enhance the speed of transaction verification and enable Polkadot to maintain a high response as a functional network. This upgrade will also help to track events quickly, ensuring that users have access to real-time data.

Overall, these network upgrades demonstrate Polkadot’s continued commitment to enhancing its network functionality. By improving the security, scalability, and governance of the network, Polkadot can continue to be a leading blockchain network in the industry. This upgrade also highlights the need for decentralized governance, which gives power to the community, rather than centralized authorities. It will be exciting to see how these upgrades will impact the Polkadot network and the broader blockchain community.

In conclusion, the key takeaway from these upgrades is that Polkadot is always striving to be better. Whether it’s through network upgrades like Referenda 101 and 103-104, or through initiatives to democratize governance, Polkadot is committed to enhancing its network functionality. By doing so, it will continue to attract users and developers to create a better blockchain ecosystem.

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