In a momentous event that heralds a new era for Polkadot, Kusama, its testnet, sold all three cores during its first Agile Coretime sale, as reported on April 30. This achievement, shared by Parity Technologies, the developer of the interoperable blockchain, is a crucial step in their roadmap to bring Agile Coretime to mainnet.
Kusama sells the three hearts: the start of a new era?
In a update on X, all three cores were sold on April 30, generating 70 KSM, worth approximately $1,980. Each core was sold for 23.4 KSM, or approximately $660. Buyers from each core can now produce blocks on Kusama for the next four weeks.
THE Agile Coretime The concept, which replaces the parachain auction system, is a welcome change, especially for participants eager to produce blocks or deploy protocols. In this model, participants can bid on base time, a system that promises more efficiency, as envisioned by Gavin Wood, the developer of Polkadot and Kusama.
The goal is to accelerate the pace at which new decentralized applications (dapps) can join the network. This will also help amplify enterprise adoption of Polkadot solutions.
The Agile Coretime concept ultimately replaces the old parachain auction system, bringing many advantages. For example, it eliminates the need for initial and long-term slot commitments, as is the case for Parachains.
This will in turn help promote more flexible use of resources, particularly for new projects. Most importantly, this model creates participation opportunities for start-ups and individual developers.
It remains to be seen when this model will go live on Polkadot. However, Kusama’s early successes set the tone for possible integration in the coming months.
Polkadot prepares for asynchronous support, DOT rejects bears
Beyond that, Polkadot plans to Enable Asynchronous backup to mainnet in the coming weeks, an update that allows the network to process more transactions, increasing overall throughput. Additionally, it allows for increased block capacity and shorter block times, changes that are a net positive for the network.
With this announcement, DOT prices are stable, consolidating its position in the top 20. At press time, the coin is changing hands at around $6.5, rejecting the bears. Notably, DOT finds support at the April 2024 lows.
Nonetheless, for bulls to gain the upper hand, prices must rise above $7.5, reversing losses from April 13. This development could anchor bulls currently targeting March 2024 highs.
Featured image for Canva, chart from TradingView
