Recent developments in Polkadot (April / May 2018)

The high price of ether at $1000 back in January was certainly a heart-pounding time in the market; however, the biggest developments for Polkadot so far were released in April 2018.

Let’s have a recap.

April 10th – First External Transaction

Gavin posted a picture of the the first external transaction to be validated  (and finalised) on a Polkadot chain. He was running a local testnet on his laptop.

First external transaction validated on Polkadot
First external transaction validated on Polkadot

He also said to note the “extrinsics: [2]” in the logs.

April 19th – Parity Substrate PoC1

Gavin presented a new product at the Event Horizon conference in Berlin: Parity Substrate. It is a part of the tech stack of Polkadot but also described as the skeleton with which to build blockchains.

Gavin presenting Parity Substrate at Event Horizon conference
Gavin presenting Parity Substrate at Event Horizon conference

Presentation slides: [Link]

See below for a video of the is presentation from EdCon Toronto.

May 2nd –¬†governance-based dynamic runtime-upgrade

Gavin posted a picture to Twitter that showed another test of the Polkadot network. He showed off a “test of a governance-based dynamic runtime-upgrade”.

Quite a mouthful! Basically, Polkadot allows for its state transition function to be modified on-the-fly. Through having a public referenda, coinholders can vote on a new transition function. This is voted upon on-chain and then the change is enacted and enforced on-chain. That’s neat!

First test of Polkadot governance: a dynamic upgrade to the runtime
First test of Polkadot governance: a dynamic upgrade to the runtime

May 4th – Substrate presentation and live demo

Gavin gave his Subtration presentation at EdCon in Toronto. He also included a live demonstration of Polkadot’s dynamic governance implementation.

Live demo @ EdCon of Polkadot's dynamic governance
Live demo @ EdCon of Polkadot’s dynamic on-chain governance

The presentation was streamed to YouTube, click on the following link to watch from the appropriate time: [Link]

Timeline

There is a timeline of major events published on this site. I try to keep it up-to-date, please find it here: [Link]

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