Polkadot, of late, has sided with the bulls. The coin registered an almost 17% hike over the last seven days. It has been capitalizing on the bullish sentiment of the overall market.Read Price Prediction for Polkadot [DOT] for 2023-24 In a blog post published on 26 September 2022, the Polkadot team provided updates on their Roadmap Roundup.
The post described the Asynchronous Backing which aims to accomplish three things: reduce the duration of parachain blocks to six seconds, increase the amount of block space available to each block by a factor of 5-10, and allow parachain blocks to be reused when they don’t make it onto the relay chain on the first try.The same is just more evidence of the consistent level of development activity around the project.
For instance, on 21 November, Bifrost announced liquid staking via a Polkadot blockchain on Twitter. The transactions per second (TPS) capacity of the network is also expected to increase in aggregate to 100,000-1,000,000, thanks to the update.
Prior to its launch, the Polkadot project had raised over $144.3 million through the Web3 Foundation in an ICO itself in October 2017.Read more on ambcrypto.com