Polkadot Decoded 2024 Asia Station is about to set sail, Polkadot blows the horn

Author: Climber, Golden Finance

This fall, the Polkadot ecosystem will announce its determination to change to the world!

Polkadot Decoded Asia 2024, the flagship event of the Polkadot ecosystem, will be held in Singapore from September 16 to 17. This conference is also an important part of TOKEN2049 Week. The topic will focus on the Polkadot ecosystem and gradually expand to all aspects of the Web 3.0 field.

Polkadot has invited developers, investors, enthusiasts and industry leaders from all over the world to explore the latest developments in blockchain technology and seek win-win opportunities for cooperation. In addition, Gavin Wood, the founder of Polkadot, will also be present. This is Gavin Wood's first speech on the public stage in Asia after two years. He will announce the development plan for the Polkadot 2.0 era.

Polkadot and Polkadot Decoded Asia 2024

Polkadot is the secure core of Web3, providing a shared foundation that unifies some of the most transformative applications and blockchains in the world. It enables Web3 innovators to quickly bring their ideas to market with low startup costs and a highly flexible development environment. Polkadot prioritizes decentralization. It is the first modular, resilient and interoperable blockchain governed by users and the world's largest DAO.

Polkadot Decoded Asia is the top event in the Polkadot ecosystem, focusing on the vitality of the Asian market while attracting global attention. The event brings together developers, investors, enthusiastic followers and industry leaders to discuss the latest developments in blockchain technology. Through keynote speeches, expert panel discussions, intimate fireside conversations, open Q&A sessions (AMAs) and exclusive announcements, participants are provided with deep insights into Polkadot's revolutionary innovations and applications.

The conference will have 100+ guests, and 2000+ Web 3.0 peers from around the world will attend the summit. Roundtables and speech topics will be designed around various sub-tracks of the Polkadot ecosystem.

The summit will invite heavyweight guests from various industries, including world-renowned industry leaders, government officials, outstanding entrepreneurs, impact investors and representatives of innovative institutions, to discuss with Polkadot the future development direction of Web 3.0 and the Polkadot ecosystem.

It can be foreseen that with the convening of Polkadot Decoded Asia 2024, more technical developers will enter the Web3 field, and more teams will step into the Polkadot ecosystem to jointly build the crypto industry.

Transformation and rebirth: new changes in the Polkadot 2.0 era

In 2024, the crypto industry has formed a general trend of integrating Web3 and Web2, and the connection between different blockchains and ecological projects is also increasing. With the approval of Bitcoin and Ethereum spot ETFs by US regulators, the expectation of a crypto bull market after the fourth halving cycle, and the gradual recognition of cryptocurrencies by regulators brought about by the US election, the prospects of blockchain are becoming clearer.

In recent years, with the rising calls for blockchain expansion narratives, more and more L2 projects have emerged, and coupled with the inherent L1 dispute, the demand for chain interoperability has become increasingly urgent. Polkadot used to have the reputation of "the king of cross-chain", but because Polkadot has been working hard to build a network that can transmit all data on all blockchains, and its development direction is more focused on the construction of projects in its own ecosystem, its development model has begun to converge with other L1s, which has led to a lack of liquidity in the Polkadot ecosystem in the long run, and lost the opportunity to cooperate with Ethereum, Solana, Avalanche and other ecosystems to develop new projects.

However, after realizing the new situation in the encryption industry, Polkadot is determined to get rid of its inherent development model and turn to build a new era of Polkadot 2.0. "Polkadot 2.0" is a series of names given by the community to network progress, such as Agile Coretime, Elastic Scaling and Asynchronous Backing, which aims to improve the scalability, flexibility and efficiency of the Polkadot network.

Polkadot Decoded is a summit event officially held by Polkadot. Starting from 2020, Polkadot Hackathon Decoded will be held in different regions around the world every year. It is mainly used to communicate, promote and release the latest developments of technology and projects. The holding of Polkadot Decoded Asia 2024 can also reflect Polkadot's transformation in the design of blockchain public chains from the event topics and content. It is determined to embrace and cooperate with other public chain ecosystems with a more inclusive and open mind to increase the activity and liquidity of the project.

The real determination of the Polkadot project is also reflected in its layout of Polkadot 2.0. In March this year, the Polkadot Foundation announced that it would launch Polkadot 2.0 on a large scale at one time. And this iteration will also introduce a new paradigm, the JAM chain.

The JAM chain will become the foundation of Polkadot, used for blockchains like Polkadot to provide multi-core computing and support hundreds of chains. In the JAM architecture, Polkadot's governance mechanism will no longer directly control the issuance of tokens. Instead, this responsibility will be determined by the JAM protocol itself. This major change may affect the governance and economic model of the Polkadot network.

In the previous decoding event, Gavin Wood explained the principles and significance of JAM. JAM will be built on the basis of "Polkadot 2.0" and will drive Polkadot towards a world of synchronous composability, helping to reduce fragmentation and integrate activities.

At the same time, in order to introduce more users to participate in the Polkadot ecosystem, Polkadot also launched the Account Identity mechanism, a naming system that allows participants to add personal information to their on-chain accounts and then ask the registrar to verify this information.

In addition, Polkadot has also launched the payment function Polkadot Pay, which can use gift cards to pay in more than 1 million stores in the United States, and eventually realize cryptocurrency payments in stores in more than 33 countries.

In order to better convey Polkadot's willingness and ideas for seeking cooperation, Gavin Wood spoke on the same stage with Vitalik Buterin at EthCC in July this year, and delivered a speech entitled "Building True Unstoppability". He said that Web3 is not just about NFT or blockchain, but about creating resilient digital systems.

In addition, Gavin Wood has publicly participated in other speeches and roadshows many times this year, such as the recent Polkadot Decoded 2024 held in Brussels, Belgium.

It is worth mentioning that the Polkadot Decoded Asia 2024 conference held this time is also his first return to the Asian public stage to give a speech after a lapse of two years. At that time, the Polkadot Foundation and Parity's leadership will also come to Singapore to participate in the Decoded Asia event, and celebrate 2049, Asia's largest cryptocurrency event, with the Polkadot Asia-Pacific ecosystem.

For those who sign up for this conference, Polkadot has also carefully prepared a super gift package: register, gather in Singapore, and share the Decoded encryption event.

Conclusion

The simple record of the blockchain has finality, but the iteration and evolution of the chain are endless. In other words, the blockchain has unlimited application possibilities. The new encryption situation has clearly shown that cooperation can effectively promote the prosperity of the blockchain ecosystem. Based on this consensus, Polkadot keenly captures the necessity of openness and gradually promotes the development of Polkadot 2.0.

I believe that with the opening of Polkadot Decoded Asia 2024, not only will the entire Asian market re-recognize the prosperity potential of the Polkadot ecosystem, but the entire global Web3 and Web2 practitioners will also be able to discover Polkadot’s contribution and determination to build the entire blockchain ecosystem.