Polkadot Welcomes Node Upgrade Amid Staking Milestone

Polkadot Welcomes Node Upgrade Amid Staking Milestone

Bill Laboon, the Head of Education and Grants at the Web3 Foundation (W3F), has made an exciting announcement regarding the Polkadot network. In a recent statement on the X platform, Laboon revealed that the much-anticipated Version 1.1.0 of the Polkadot node software has been officially released, carrying a MEDIUM upgrade priority. 

Polkadot Version 1.1.0: What’s New?

The release of Polkadots’ Version 1.1.0 is accompanied by significant changes and updates that are aimed at improving the overall performance and functionality of the network. One of the most notable changes in this release is the consolidation of multiple repositories into a single monorepo known as “polkadot-sdk.” 

In previous versions of the Proof-of-Stake network, the development was distributed across three separate repositories known as substrate, polkadot, and cumulus. Each of these repositories had its own focus and responsibilities within the ecosystem.

With the release of Version 1.1.0, these three repositories have been merged into a single, unified monorepo polkadot-sdk. This consolidation streamlines the development process, making it easier for developers to manage and contribute to the codebase. It also simplifies the deployment and maintenance of the Polkadot network.

This move towards a monorepo can provide several advantages, including better code organization, improved collaboration among developers, and easier management of dependencies.

Another crucial aspect of the Version 1.1.0 release is its compatibility with specific versions of the Rust programming language compiler (rustc). Ensuring compatibility with the right Rust compiler version is essential for maintaining the stability and reliability of the Polkadot software.

Staking Milestone

Meanwhile, Polkadot gave an exciting announcement at the prestigious TOKEN2049 event, held annually in Singapore that its Staking Dashboard has surpassed an impressive 1 million page visits. 

This achievement underscores the growing interest and engagement within the Polkadot community and demonstrates the platform’s importance in the Web3 ecosystem.

The Staking Dashboard, a critical tool for the protocol’s users, gives vital insights and information about the network’s staking activities. Staking is a critical component of Polkadot’s security and governance, allowing token holders to actively engage in network security while earning incentives. The dashboard’s popularity among users demonstrates the growing awareness and participation in staking inside the network.

✓ Share:

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!