Polkadot Ecology 2022 Outlook 6 Update or Coming Soon

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After Polkadot mainnet release in 2020, 2021 will also be a special year for Polkadot. The first Polkadot Parachain run was held on November 11, and on December 18, the first 5 Polkadot Parachains were fully connected to the Polkadot relay chain, and blocks began to be developed in Parachain form.

This stage is the final completion of the project vision described in the current free Polkadot document by providing the final version.

PolkaDOT also suffered a lot, but with good results. By the end of 2021, there will be over 22 million DOT in the Polkadot Treasury and approximately 500,000 KSM in the Kusama Treasury. The .Polkadot ecosystem is evolving rapidly.

And 2022 will start a new chapter at Polkadot. Gavin said as more and more parachain groups win the competition and join the Polkadot ecosystem, we will see the future under a security umbrella provided by Polkadot. hyperconnectivity. In general, Polkadot will focus on ecological expansion in the next phase.

Previously, the Polkadot Moonbeam smart contract platform was completed in the Polkadot network, and the announcement of Moonbeam as the first full-fledged Polkadot project means apps can run natively in the Polkadot ecosystem.

We all know that Moonbeam is similar to EVM and various tools and works with a variety of functions. The success of Moonbeam also provides a better platform to deploy multiple projects on the Polkadot network.

At the same time, the ecology of Polkadot will also benefit, and projects like Moonbeam will be connected to Polkadot in the future. Wool in Polkadot Ecology in 2022?

What is the current level of Polka Dot?

Previously, there was a detailed breakdown and analysis of Polkadot's current ecological development status, but before discussing Polkadot's ecology changes in 2022, we'd like to take a brief look at the development stages that Polkadot currently crossing.

In an exclusive interview last week, Gavin said, "We're entering the next phase! At this point, we have more freedom to develop our technology through Polkadot 1.0 and what Polkadot 2.0 will look like," with the completion of the first five parachain rounds of Polkadot, Polkadot entered the initial phase and recognized the vision set in 2016.

Technically, the basic architecture of Polkadot is different from other public chains and is a cross-chain protocol based on the Rust programming language. The special Substrate framework allows developers to "one-click link".

At the same time, Polkadot has also used the technology in various blockchain environments, such as the Ink! smart contract, the XCVM cross-consensus virtual machine, and XCMP, a cross-chain message transfer protocol developed by Parity to create Polkadot. . 1.0. Dr. Gavin has no doubt that "as an expert, disaster matters."

In terms of developers, the Polkadot ecosystem is the project with the most concurrent supporting developers, with over 18,000 developers per month and over 1,400 full-time Polkadot ecosystem developers. Meanwhile, Polkadot has over a million official Twitter followers, making it one of the biggest blockchain projects to date.

In finance, Polkadot's Web3.0 Foundation has awarded 330 grants over the past three years, highlighting the win-win model of mutual benefits with organizations.

At the same time, about 350 Polkadot ecological project groups have been supported by investment companies, communities and entrepreneurs. And 50 of those groups, apps, and jobs have raised over $670 million in seed capital. Additionally, Polkadot Treasury collected 15.17 million DOT (worth $390 million) in 2021 alone.

Revenue is an important part of developing the blockchain ecosystem, and with the development of Polkadot 2.0 in 2022, the future of the Polkadot ecosystem will be clear.

For the potential for change in the Polkadot ecosystem

As we all know, what makes an ecosystem an ecosystem is its complexity and systemic nature. Based on the needs of the current economy, the development of the Polkadot ecosystem, and the voices of communities, we have made a preliminary estimate of the potential for innovation in the Polkadot ecosystem in 2022. Please note that your assumptions may not not be perfect.

The equipment is better and the game experience is more perfect.

First of all, we believe that Polkadot ecosystem technology will become more mature and game competitions and participants will be more successful.

If the ecosystem is to come out of several public chain systems, it is inseparable from the high-quality technical architecture. Technology is the infrastructure and currency of the Web3 era. Substrate framework, Wasm or XCM format approval, NFT RMRK standard and other technologies are not standardized and require further modifications.

In 2022, Polkadot Police will spend a lot of time and energy researching and modifying technologies for blockchain and improving key technologies such as the Substrate framework.

For the game, there are currently over 20 parachains being shipped to Kusama, with more to come in the future.

The first deployment of Acala, Moonbeam, Astar, Parallel and Clover operations that secured Polkadot parachain locations for access to the Polkadot ecosystem brought wealthy people and financial resources to the Polkadot ecosystem. Good access to the Parachain feature also set a good example for future companies participating in the Polkadot Parachain slot auction.

At the same time, with the integration of the Moonbeam network with Zenlink, the Polkadot cross-chain protocol, the first racing cross-chain DEX will provide Polkadot through the integration of chain sharing and DEX fusion, first deployed on the Polkadot network. Simplify Parachain slot bidding with multiple DEX services.

Hla ci chain scenarios

Compared to the dream of 2020, few people have focused on the concept of the chain of crosses in 2021, so the ecology of the chain of pearls like Polkadot and Cosmos is not widely considered in the last year. They even began to consider the chain of crosses to be inaccurate, but faced with the realities of ecological development, such an opinion was not surprising.

However, in 2022, we can see the interconnected ecosystem actually happening, and at the same time, the cross-linking infrastructure will be improved and more resources will flow into the chain links.

Take Multichain (formerly Anyswap), now found the chain ecological project, for example, after more than a year of development, at the end of last year, Multichain full TVL was frozen stable by about 5 billion dollars. , and as a third-party cross-asset chain platform, currently holds a leading position in the cross-asset chain race.

Thus, we can see some unknowns of the multi-channel. Cross-chain ecology and cross-chain needs are not what everyone thinks they are. The fast food campaign was already tasting the fresh fruit.

If you look at Polkadot you can also see on Multichain what Zenlink is trying to do, there is reason to believe that using XCMP will create Multichain like chain links in Polkadot. There will be plenty of room for reflection.

After all, Zenlink also has the functionality of DEX. In addition to cross-chain assets, Zenlink combines all cross-chain para-chain DEX, to go deeper and richly into cross-chain scenarios.

We'll see a generation of cross-chain apps in the future with cross-chain legacy enhancements, but it's impossible to estimate how long it will take to switch between devices and jump to cross-section immediately. This one is also very "technical", but the Polkadot parachain improvements could bring the crossing gear to a positive outcome in 2022, and we have high hopes.

The new administration will have more distribution.

In 2014, Gavin Wood announced the concept of Web3. In 2021, Gavin said in a special interview that Web3 distribution technology is the only hope for a more independent and authoritative administration. It also proves once again that what Gavin has always advocated is the expectation that everyone has self-mastery, inheritance and information, and that classification is an important part of realizing that vision.

The architecture of the Polkadot chain makes it interconnected and the interconnected chains can integrate with data or assets to provide cross-chain services, which also provide the basis for the design.

In July 2020, Polkadot entered the administrative phase and after the abolition of sudo licenses, Polkadot became an unauthorized network of stakeholders, for example the entire network is managed by the owners of DOT.

The main objective of Polkadot's governance policy is to ensure that the majority of participants have regular control of the network. Like Polkadot technology, the Polkadot brand has to go through a lot of scrutiny.

On December 15, 2021, Polkadot changed its logo following self-government. 2097 DOT insurers voted for the future of the Polkadot brand and decided on the current logo and brand. Polkadot later became the world's first international division where DOT holders voted to determine their species.

Although Polkadot keeps the whole ecosystem as decentralized as possible, the Council remains an important center of power as one of our key policies (references, working groups, councils). For example, the council has the right to publish financial requests, which will facilitate the passage of certain requests.

As a result, Gavin and his team are still looking for solutions to issues such as the circumvention of the ballot by the largest electoral body with a focus on governance, maintaining administration, removing groups and changing voting procedures and other measures.

In 2022, Polkadot will establish a more decentralized administration, and by this policy, we believe that decentralization will be at the heart of the human mind and Polkadot will also become a representative of decentralized networks.

Enjoy Public Parachain Baking

In the development of the Polkadot ecosystem, which is easily overlooked by users, also plays an important role of public interest parachain.

A public interest in Parachain is a special type of Parachain which does not have its own token but uses DOT/KSM for payment. For example, Statemint in Polkadot and Statemine in Kusama are responsible for inventory and administration, as well as support for ad tokens and NFTs.

Polkadot can now get its hands and feet on active ecology. When many new companies require asset disclosure, they can be shipped out of the Parachain public interest. Some fees in the process are paid without having to be paid by DOT/KSM. There is a combination of chain accessories.

The ecological prosperity of each public chain must be separated by the creation of a variety of new and improved industries. Statemint/Statemine will be one of the key DOT/KSM applications in 2022, including the eco-upgrading of Polkadot and Kusama.

In addition, other public interests have arisen, such as the Encoiner profile system, and perhaps in 2022 there will also be interest in public parachains that support smart words. Until then, DOT/KSM applications are still available. .

Polkadot and Polkadot ecology concepts have been expanded

Now, Polkadot has fulfilled all the terms of the 2016 whitepaper, the parachains of the first group are still connected to Polkadot, and some smart contracts still support the contract. Currently, Polkadot has followed simple rules for makers to design chains or create applications, and Polkadot can put its fist in a living space.

One of Polkadot's next endeavors is to make Polkadot technology more sophisticated. Similarly, for the ecological project Polkadot, it is also necessary to promote technology to improve its own ecology. Currently, Oneblock is working with officials and Moonbeam to begin training on this technology and finding ways to use it.

However, this year has reached a stage where government leaders or parties to all green activities must promote technology and improve ecology. This year should see an increase in technology support.

Currently, Polkadot is working on additional foolproof infrastructure, etc. in the Polkadot ecosystem.

Details can be found here.

https://polkadot.polkassembly.io/post/770.

About Ecological Opportunities at Polkadot

Polkadot's ecosystem took too long to lay the groundwork for 2021. However, using sharp knives isn't the same as chopping down trees, and that's only after laying down the foundations that ecology can be improved. .

Specifically, most of Polkadot's ecosystem functions are parachains belonging to Layer 1. It can be predicted that Polkadot's ecological development rate will be much higher than other public chains.

For example, the Smart Parachain contract, represented by Acala, Moonbeam and Astar, is compatible with EVM, enabling rapid deployment of existing DeFi and DApps tasks in the ecosystem, such as and creating a good working environment, and attracting fans and stakeholders in The. In the Polkadot ecosystem: Many developers in the EVM ecosystem can use the word Solidity that they used to implement new projects in Polkadot. Accelerate to a cool start to promote ecological improvement.

Another example is the decentralized blockchain network application represented by Zenlink and RMRK, which can send to any Parachain and open data on Parachains, which can be considered a direct use of Polkadot. In the DEX and NFT markets, critics of the relay chain Polkadot without a smart contract would not have been able to fully understand these functions.

With further improvements and incentives to earn dividends through direct participation by industry members, the cost of these activities themselves may also increase further with the improved repair of the Polkadot ecosystem.

After seeing the changes that will take place after many public channels in 2021, the Polkadot budget allocation for ecosystem development will indeed be identified on many public channels. I will write one or two here. If you're interested, let's take a look at the dividends created when some public channels appeared last year.

Polkadot Common Data Tool

To help everyone monitor and understand the current state of Polkadot and its ecosystem, we've created a variety of websites and information.

Discussion and voting management platform between Polkadot and Kusama:

https://polkassembly.io/

Check donation status:

https://github.com/w3f/Grants-Program/blob/master/docs/accepted_grant_applications.md

View events by temperament:

https://substrate.io/ecosystem/projects/

(Because the technology is open, some groups quietly use Substrate frameworks for enhancements that may not count)

Check out Polkadot's and Kusama's Treasury Department working files:

www.dottreasury.com/

Identify the status of the Polkadot ecological project.

https://polkaproject.com/

(Some files will not be updated, because many files are reported and people are in the project group and are not updated in time, and some of the works mentioned there may still be cut.)

Community meetings:

https://riot.im/app/#/room/#polkadot-watercooler : matrix.org

report incidents

This article is generally about changes in Polkadot ecology, only for use and not as a request for investment, everyone should understand that technology and ecology will increase in the stage and thus bring the attribution of improvements ecological.

However, we need to understand that marketing alpha is one thing and macro beta tools are more realistic than business thinking alpha. On the one hand, we should have full confidence in the improvement of the blockchain industry in the current environment, but at the same time, we should not forget the impact of macroeconomics for the whole of the world. industry.

In particular, the crypto industry cannot escape the current situation of high US inflation and existing interest rates, and global investment has tightened. If you don't have a "one size fits all" strategy and follow a good investment strategy and manage your risk well, you will reap the benefits of beta and alpha trading cycles. .

PS

Recently, with the gradual release of Polkadot's first parachain project, the Polkadot ecosystem has finally been developed. In particular, the forces behind this disease, not Moonbeam or Astar, seem to tell us that the importance of the Polkadot ecosystem is not the hype it has produced. It is also an important step for Polkadot to become an Affiliate Developer.

Of course, some of the many changes mentioned above are as we see and some of the technical issues may continue to be polkadot, but in relation to technology and industry, sustainable technology will be the solution. important time.

2022 is still amazing, but from the perspective of technological advancements, it will not give up because long-time users are ready to challenge and "wage war for a long time" and finally the importance of history will come. , we are on the way.