This major upgrade to Polkadot’s parachain consensus protocol is set to revolutionize how transactions and blocks are processed.
It promises substantial improvements in scalability, speed, and efficiency. Let’s discover more about this important update for Polkadot.
Understanding Asynchronous Backing
With this upgrade, the block time is drastically reduced to just 6 seconds. This major advancement reduces block times, enabling faster transaction validations and increasing network responsiveness.
One of the standout features of Asynchronous Backing is the significant increase in block space. With 5-10 times more block space, the network can handle significantly more transactions at once. This expansion is critical as it addresses one of the primary limitations of earlier blockchain iterations — scalability.
A major milestone was reached this week, the enablement of Async Backing, the much-anticipated upgrade designed to boost throughput.
Async Backing + Agile Coretime + Elastic Scaling ushers in the next era of the network: Polkadot 2.0✨
Learn more ⤵️https://t.co/cECt6EUD8A
— Polkadot (@Polkadot) May 10, 2024
Moreover, the upgrade introduces a groundbreaking capability: the reuse of failed parachain blocks. In previous systems, if a block failed during the consensus process, it was discarded, which meant a loss of effort and resources. Now, these blocks can be reused, optimizing resource use and enhancing the overall efficiency of the network.
Impact on Transaction Finality and Network Throughput
These technical improvements translate into two major benefits for users and developers: enhanced transaction finality and increased network throughput. Transaction finality measures the time it takes to consider a transaction secure and irreversible. Faster block times and enhanced processing on Kusama speed up transaction finality, greatly reducing reversal risks.
Asynchronous backing is now live on Polkadot👀
This protocol-level upgrade gives 8x more throughput to L1s secured by Polkadot, with the same security guarantees 🤯
Learn more about async backing on the Polkadot Wiki👇https://t.co/tjGWKn85Wo
— Filippo Franchini | Web3 Foundation (@filippoweb3) May 7, 2024
The increase in network throughput is another critical improvement. The potential boost in transactions per second (TPS) capacity from 100k to 1M is monumental. It ensures that Kusama can handle much larger scales of operation without compromising on security. This makes it a robust platform for more complex and high-volume dApps.
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