Is the decentralised and intermediary-free web here?
Almost. The Polkadot Products Devnet is a working copy of the upcoming production network and Polkadot Products.
And now it has been shared with you.
What does this mean exactly?
A new way to ship applications.
Your domain isn't rented. It's yours.
No renewals. No expiry date. No registrar that can take it back.
Your app lives on-chain, served by the network.
Getting-started guide in the article below 👇
What are you waiting for?
The Polkadot Products Devnet is live.
Devnet is a public environment where developers can build and test against @Polkadot's new product stack. Real tools and workflows without real money. Breaking things is the point.
The same stack that 900 people used at @Web3summit is now open to developers globally, anywhere, anytime. Paying, chatting, and proving their humanity without knowing it was running on a blockchain.
Start here: https://t.co/XDSXMlZqGh
Finally had time to watch Gavin's talk on JAMKB and it made more sense to me than his written Medium article.
Last year he was discussing ressource allocation tokens in Matrix channels and it was still a bit raw, the thinking he presented at the Web3 summit is more refined and simpler to understand.
Simplified:
1. Running apps on JAM requires compute ("cores") and RAM ("footprint").
2. Compute is paid as coretime -> you buy coretime and consume it to run a core
3. RAM sticks around and it's scarce, and currently there is no way to determine who has the right to use it in JAM. Hence the proposal for a ressource allocation token JAMKB
4. the eviction mechanism is still unresolved in Gavin's talk and medium article, but @GehrleinJonas is proposing a solution in the Polkadot forum post "Dynamically priced JAMKB via decaying deposits" -> basically with rising property value property holders would need to raise their deposit to keep their usage rights.
5. "But what about DOT?" If DOT Governance would sell off one of its most valuable assets, JAM footprint, would it be selling it off for good? I was worried about this too, until I saw Jonas' proposal. It basically ensures that value accumulates to the DAO as the property value of JAMKB rises.
6. The larger movement we see here is that JAM is neutral a machine that runs by simple rules, and the more complex logic is deferred to DOT DAO to take care of. This keeps control with DOT governance to decide if and how it wants to accrue value from operating JAM.
272 apps deployed. 190 builders. 22,820 XP earned.
Those are the numbers people noticed. But the real result was quieter.
Nobody at Playground . dot asked how to fund a wallet. Nobody worried about gas. Nobody thought about the storage layer, the identity chain, or the consensus mechanism underneath.
They just built something.
That is what it looks like when the infrastructure works.
https://t.co/mGJ9mHZqZU
Every time quality projects start pumping, $DOT somehow manages to do the exact opposite.
At this point, even the most optimistic holders are being tested. The technology is there. The vision for Web3 is there. The fundamentals are still there. But price action? Brutal.
Just remember: when sentiment finally flips, it won’t be a small move.
See you at $20.
Nova Wallet v10.8.5 for Android and v10.8.6 for iOS is now available! 🎁
Unstaking DOT now properly displays the 2-day fast unstaking period in Nova Wallet.
We've also updated DOT staking APY calculations so that it now accurately reflects Polkadot's new staking reward system.
Alex Birdo & Anton Khvorov:
‘Web3 Summit Apps Built on Polkadot’
https://t.co/NO1f6t5MUE
Karim Jedda:
‘People Don't Use Technology. They Use Products’
https://t.co/HMiBDhw7Vv
Gavin Wood:
‘Polkadot, Human Web3’
https://t.co/DkwBKJgLfz
Torsten Stüber & Adrian-Costin Catangiu:
‘Polkadot App: Under the Hood’
https://t.co/2Z61Df4jc8
Nobody wants technology. People want to send money, speak privately, and prove that they are human without giving up their identity.
Technology is the machinery in the background. Products are the switches on the wall. You flick it, and the light turns on, taking the technology and infrastructure behind it for granted.
Polkadot spent a decade building the machinery. Now it is building the switch.
Four talks from @Web3Summit showcase the new Polkadot direction and what is being built right now.
Whoever builds the switch controls the light.
Watch the talks. 👇
This dashboard does not include any unsigned transactions (including system transactions) by default. You can see that some of the parachains only show 1 or 2 transactions per day, which would not be the case if it were showing system transactions like timestamp.set.
I understand Polkadot is a bit different than the way most chains operate, and thus more difficult to track. Tracking only the relay chain, however, which is _designed_ to have fewer and fewer transactions over time, doesn't really make sense for Polkadot. I am not sure who you talked to working on Polkadot, or what information you need, but all this information is publicly available and I can show you the endpoints to get it. Just let me know.
You can see here that there around 450k transactions per day on average on Polkadot: https://t.co/27gx6j5PZo
There are numerous errors on this page, probably because it is looking at the relay chain (whose job is to do as little as possible other than coordinate parachains). It also shows that there no validators and no stake, which is incorrect. This is likely due to not updating when staking moved off the relay chain to the Hub parachain.