Asynchronous Backing halves block time, reducing it from 12 seconds to just six seconds. It also enables parallel transaction validation and block production and delivers significantly higher throughput, up to 10x, for Polkadot’s parachain consensus protocol.
According to the Lead of Parachains at Parity Technologies, Asynchronous Backing will open up a myriad of possibilities for dApps (decentralized applications) that require rapid transaction processing.
“The introduction of Asynchronous Backing opens a myriad of possibilities for decentralized applications requiring rapid transaction processing. With features like Agile Coretime and Elastic Scaling on the horizon, Polkadot is setting the stage for a wave of developer-driven innovation.”
A Game-Changing Technology
Many consider Asynchronous Backing a game-changing development for the Polkadot ecosystem. It dramatically accelerates transaction confirmation times and expands the network’s overall capacity. The expansion of network capacity is crucial for improving user interactions and helps facilitate several applications that rely on fast transactions.
Polkadot’s unique architecture allows parachains to take full advantage of Asynchronous Backing, doubling their own block times.
What is Polkadot 2.0?
Asynchronous Backing’s deployment clears the way for future transformative upgrades that will come with Polkadot 2.0. The enhancements brought by Polkadot 2.0 will significantly improve the network’s scalability, cost, speed, and flexibility, which, in turn, could encourage the growth of dApps. Polkadot 2.0 is a collection of network advancements that include Agile Coretime, Elastic Scaling, and Asynchronous Backing.
Agile Coretime is currently testing on Kusama and will soon make its way to Polkadot. It makes the developer onboarding process cost-effective and extremely straightforward for newcomers. Developers can use this feature to gain on-demand access to cost-effective blockspace by facilitating access to one, multiple, or partial blockchain computing cores. Developers can scale cores up or down depending on their projects’ compute requirements.
Elastic Scaling further refines Polkadot’s core structure and allows parachains to boost block production and transaction capacity. This high degree of adaptability is crucial for handling fluctuating transaction volumes and gives developers access to a scalable and responsive environment that adjusts resource allocation dynamically based on demand.
Polkadot educator Tommi Enenkel stated that Polkadot 2.0 could redefine how blockchains are incubated and could potentially open new avenues for decentralized applications.
“These enhancements, which we are collectively calling Polkadot 2.0, are not just new features; they redefine how blockchains are incubated. From test-running occasional blocks cost-effectively to scaling to high throughput enterprise needs with guaranteed pricing and uptime, Polkadot 2.0 opens new horizons for decentralized applications, making it simpler, safer, and more economical to scale projects as needed.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
