Polkadot aims to evolve into a global supercomputer in Web3

Polkadot has been identified as becoming the global supercomputer in Web3. This pertains to nearly replicating AWS’s tasks for the world right now. Amazon World Services uses servers. Polkadot, instead, looks to leverage blockchain and introduce Cores to serve the scalability aspect of Web3. Also, AWS is a major player in Web2, and Polkadot aims to be that in the decentralized virtual world.

Cores are server environments that lack trust and are responsible for tasks such as processing and supplying networks and services. Put simply, what servers represent in Web2 are equivalent to cores in Web3, albeit with improved scalability prospects and increased efficiency.

Participants seeking to utilize Polkadot will gain access to a computational power that is dynamic to the extent that it makes adjustments based on their needs. Projects and applications are, therefore, expected to largely benefit from them. The founder of InvArch Network, who is identified on X as Dakota, highlighted that many projects process a different number of transactions every day. Hence, they require varying power.

For instance, a project may need to process a thousand transactions today. However, a need arises for the same project to support a million transactions the next day.

Alternatively, applications that support a smaller number of transactions can begin accumulating cores right from the beginning so that they can support a larger number of transactions in the future. Polkadot’s initiative has been best linked to introducing immutable software in a trustless environment. Polkadot aims to make it not just dynamic but also intuitive.

Polkadot has confirmed this development by resharing Dakota’s post on their X account. Many members have started reacting to the announcement, too. Most of them are excited about it, while some have said that it could be a difficult feat to live up to.

Dakota believes that having Polkadot’s system is scaling made simple. As a matter of fact, they have identified another utility of it: utilizing multiple cores to organize the block space demands of their protocol and separating the resources. Dakota expressed excitement to the point where they said that this would not only be Polkadot’s next chapter but also the next chapter in building Web3.

Polkadot’s native token, DOT, is now experiencing a significant surge. It is up by 5.20% in the last 24 hours, listed at $11.73 at the time of writing this article. It further reflects a rise of 12.15% in the previous seven days and 58.81% in the last 30. The 24-hour volume is also up by 19.74%, with a jump of 5.17% in its market cap.

It could also have been triggered by the announcement that native cross-chain swaps are being introduced to the Polkadot ecosystem. It enables users to swap native ETH to DOT without leaving their wallets.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

Related Articles

Back to top button