Polkadot has announced a runtime upgrade that will boost speed for apps, confirm transactions faster and ease development on the network.
Parity Technologies, the for-profit behind the network, recorded a net profit in Q4 last year for the first time, boosted by the return of founder Gavin Wood.
Polkadot has announced a new upgrade to its mainnet which includes faster app execution and native smart contracts. The network says it has “levelled up” and that its interface will now feel closer to Web2 while retaining its Web3 decentralization.
The upgrade will make Polkadot a “faster, simpler, more usable network designed for real apps,” it stated on social media. Apps deployed on the network will now feel faster while transactions finality will be quicker. The upgrade also makes it easier to build apps on the network, allowing developers to concentrate on the products and not the protocol engineering.
Polkadot just leveled up.
Today’s runtime upgrade marks the beginning of
