Ezio Rojas, Polkadot community manager for Latin America, In the middle of the celebration of the Polkadot Blockchain Academy in Buenos Aires, he has shared with the Cointelegraph en Español team, a complete review of the advances of the blockchain of the parachains, and what is expected for the future.
First of all, it should be noted that Polkadot is a third generation network that barely completed the first year of existence of the parachains in 2022, since the first five were integrated in December 2021.
What left 2022
From Rojas’ perspective, 2022 was an important year for Polkadot because it was the first full year where parachains were running within Polkadot. According to him, between Polkadot and Kusama, the Polkadot canary network, a total of 74 parachains have already been seen winning auctions to have their space within the ecosystem.
“These 74 parachains have led to more than 130 million DOT and almost 300,000 KSM being lent by the community through crowdloans to support the parachain auction bids”said.
“Within these parachains that are already working within the ecosystem, 2022 could also be seen with many interesting advances. For example, this year we saw how the Astar parachain established an alliance with NTT Docomo, the largest mobile phone operator in Japan, to promote the adoption of Web3, as well as Astar could see how its CEO, Sota Watanabe, was Named Personality of the Year by Forbes Japan”Rojas recounted.
Additionally, he mentioned that the association of the Efinity parachain with Square Enix to bring Final Fantasy NFTs to the Polkadot ecosystem was also in the news, and that of KILT, a parachain focused on bringing decentralized identity, together with DENA, the German Ministry of Energy. .
On the other hand, regarding development in this 2022, Rojas considers that there have been significant advances, such as the completion of 15 updates throughout the year without having to go through hard forks or complicated processes that could slow down the network.
Rojas in turn pointed out that one of the most specific and relevant advances for the ecosystem was the entry into operation of OpenGov. As he explained, a new on-chain governance model was first implemented in Kusama.
“With this new governance model, it will be possible to bring the network to a more decentralized model, since the entire decision-making process of the network passes to a referendum system that is driven by the community”he explained.
“In the network, the staking system was also improved by implementing the “nomination pools”, designed so that more people can access staking natively and on-chain in Polkadot by reducing the minimum participation to 1 DOT”added Rojas.
Having said that, Rojas mentioned that he could not leave out the enabling of XCM, (Cross-Consensus Message), a format to communicate between parachains and thus be able to exchange messages.
Expectations for the year 2023
Regarding 2023, Rojas highlighted that it started with the second stage of the Polkadot Blockchain Academy, an event that took place this January in Buenos Aires at the UBA facilities and that also had more than 75 students from all parts of the world.
In addition, Rojas revealed that this year he considers it important for three events that they hope to celebrate this year. First of all, the launch of OpenGov in Polkadot, after the tests that are being carried out in Kusama and evaluating the performance that it may have.
“I hope this can bring a greater degree of decentralization to the network”, he pointed out.
Second place, for the implementation of “asynchronous backing” or asynchronous backupwhich will help optimize the consensus between the parachains and the Relay Chain and which could drive Polkadot to process “more than a million transactions per second”.
And third, implementation of XCMv3, which will bring greater interoperability within the Polkadot ecosystem by bringing NFT transfers.s, as well as the launch of decentralized bridges between Polkadot and other ecosystems.
Polkadot, a network where different sectors converge
According to Ezio, all the development that took place on Polkadot during 2022 allowed the network to become the most diverse ecosystem of blockchains and specific layer-1 applications.
According to him, among all the parachains that are working within Polkadot we can see very diverse use cases such as: DeFi with Acala and Parallel Finance, NFTs with Unique Network, video games with Ajuna Network or Efinity, Smart Contracts with applications diverse in parachains such as Moonbeam and Astar, social networks that are arriving with the important boost of Frequency, privacy with the Manta Network, artificial intelligence itself with projects that recently gained their parachain space such as Bittensor, until reaching use cases as specific projects such as the Internet of Things with projects such as Robonomics.
“All the tools that are available in Polkadot have shown that they have significant usability for a wide variety of ecosystems that are very varied among themselves”said Rojas.
The movement of the network
In this point, Rojas pointed out that in his opinion there are 3 metrics that must be evaluated: and they are the number of parachains that are already in the network, the number of developers deployed in the ecosystem, and the number of XCM messages that are being sent between the parachains. of the ecosystem.
Regarding parachains, he reported that the auction for parachain space number 37 was recently closed, with Subsocial being the last winner.
Regarding the number of developers who are collaborating within the Polkadot ecosystem, he referred to the latest report from Electric Capital, which collected the activity of developers from the entire Blockchain ecosystem.
“Here, particularly Polkadot, as mentioned by Electric Capital, ended 2022 with 764 full-time developers, which makes it the second ecosystem with the most full-time devs working, behind only Ethereum”said Rojas.
“In fact, according to the same report, Polkadot is the fastest ecosystem to reach more than 500 full-time developers working, taking only 3.6 years from its inception to reach it, while it took Ethereum more than 4 years and six. months to get the same amount of devs working within your network”he added.
Finally, in relation to the XCM messages and their operation, he described that by measuring them we can have a very useful indicator of how the activity is unfolding between the different parachains that are already operating within the ecosystem.
“Since messaging via XCM became available up until now, we have seen almost 182,000 messages sent via this format among the 19 parachains that are using it with more than 81 open channels. Specifically, the channels with the most use are those between Moonbeam and Acala, Moonbeam and Interlay, and Parallel with Acala”he concluded.
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