Polkadot is focusing on JAM upgrade to simplify development process and attract more users

From Investing.com

August 28, 2024 10:56 AM:

In a recent interview, Bullish CEO Tom Farley and creator Gavin Wood discussed Wood’s focus on developing the next iteration of the Polkadot protocol, called JAM Chain.

Polkadot has struggled to build an active user base for dApps, falling behind other platforms due to its complex ecosystem and lack of support for smart contracts on its relay chain.

The upcoming JAM upgrade aims to simplify Polkadot’s development process by allowing developers to deploy smart contracts directly on Polkadot’s Layer 0, potentially attracting more users and expanding the utility of the DOT token.

JAM will enable the creation of DAOs and wallets without centralized intermediaries, offering new utilities for DOT tokens and setting a target throughput of 850MB/s, surpassing Ethereum 2.0 and Solana.

The gray paper for JAM Chain is currently in development, aiming for version 1.0 by next summer. The upgrade is expected to introduce permissionless code execution and open up new possibilities for decentralized finance, governance, and identity management on Polkadot.

Read more at Investing.com: Polkadot aims for broader adoption with upcoming JAM upgrade By Investing.com