OpenGov Office Hours!

Open Mic to talk about your topics:
- ask questions
- pitch your proposal
- discuss how we can get spending under control

Today at the unusual time of 3pm UTC!
🤳 Get reminded: x.com/i/spaces/1LyxB…

It's amazing to see Gavin Wood and vitalik.eth on the same stage after 10 years since the Yellow Paper and the recent release of the #JAM Gray Paper! Reflecting on the past decade of blockchain development, they must have so much to discuss and debate.

What do you think

🤔 Gavin Wood explains Polkadot Agile Coretime with 1,000 Pancakes🥞

“ Right now, we produce flour, milk, water, salt, and eggs 🥛🥚. We have internal processes to make these, but instead of selling them directly, we make pancakes 🥞

We make batches of 1,000 pancakes and sell

🎉 Proposal #682 has passed and is now executed, introducing #JAM as the new direction for Polkadot, replacing the relay chain! If you're not familiar with JAM, check out this explanation! 🚀

What is JAM?

JAM, short for Join-Accumulate Machine, is a new design aimed at

Wow, congratulations to the Apillon ⧓ team! 🎉 Also, congrats to Polimec on the upcoming funding season!

If you’re not familiar with the process, here’s a simple explanation:

Evaluators have 28 days after a project submission to perform due diligence by assessing the

Ref #682 has passed and approved, setting the future direction for Polkadot — #JAM will replace the Polkadot relay chain🌍

polkadot.polkassembly.io/referenda/682

🗳️ Recent votings by PolkaWorld are shared here ( May 22th to May 27th )

#DecentralizedVoices Web3 Foundation

✅AYE

#731 Marketing support to help raise a new US$100 Million Polkadot Ecosystem Fund
polkadot.polkassembly.io/referenda/731#…

#790 Polkadot Relayers Incubator 2024

🚀 Dive into Polkadot's latest buzz from last week（May 20th - May 26th）

🏎️ Conor Daly represented the entire Polkadot community at the #INDY500 race!

👀 If you couldn't join the #INDY500 race in person, join us at the Polkadot booth at #Consensus2024 on May 29 to meet

A highlight for Polkadot weekly from Decrypt

1. Funding platform hits Polkadot Polimec
2. Mythos Chain to migrate to Polkadot Enter the Mythos
3. Polkadot attends #Consensus 2024
4. 'A Glass with Gav' returns A Glass With Gav

Also, Decrypt might have

Polkadot is damn fast!!!

So, the impact of #JAM on Polkadot is🙋

1. More Efficient Computing Model: JAM’s Join-Accumulate model allows for more efficient data processing and state management. Its transactionless and asynchronous processing significantly enhances on-chain operation efficiency and

🎉 Congrats to the three anonymous addresses for winning the bids on the Polkadot whitepaper, #JAM grey paper, and #Ethereum yellow paper signed by Gavin! 📝

In the final minutes, a frenzy of bidding brought the total highest bids to over 369,000 GLMR, raising more than $92,000

🌟 Big news! Early this morning, the SEC approved applications from Nasdaq, CBOE, and NYSE to list ETH ETFs! 🚀 Though final approval is still needed, we're now one step closer to Ethereum ETFs launching.

Back in January, the first Bitcoin spot ETFs were approved and listed,

Please. Go ahead. Tell us why your project needs 1 million DOT and is not able to break it down into more reasonable milestones.

🚀 Polkadot treasury will swap 1,000,000 #DOT for 15,000,000 Mythos from the Mythos treasury. 🚀

10,000,000 MYTH tokens will be directly distributed to holders of 10 to 5,000 DOT, and the remaining 5,000,000 MYTH tokens will be used for incentives and grants to drive ecosystem

Sharing Gavin Wood 's wise words here🥰

Part 2: JAM 💡

1⃣ The current vision is to halt the relaychain and launch the JAM chain, migrating everything from the relaychain to the JAM chain.

2⃣ The cool thing is JAM can host many different services. We can write a parachain

Peoples chain is a Polkadot system L1 blockchain, like Asset Hub, Bridge Hub and Collectives👀

Functionalities are slowly migrating out the relay chain (minimal relay) to system chains, making Polkadot increasingly transctionless

Minimal Relay will be important for JAM

How blockchains failed us? 🤔 Check out Gavin Wood's explanation:

Existing blockchain technology excels at handling transactions related to monetary values, but it hasn't effectively addressed some concepts we heavily rely on in daily life. For instance, when shopping, retailers

🤔 Raoul Pal : So once #JAM is out, the next problem that all blockchains face is scaling usage. How are you going to approach that?

🍺 Gavin Wood : Present blockchains don't provide decentralized block space, like high-quality block space, at a level that makes sense for most