Polkadot (DOT) has rolled out asynchronous backing, a pivotal upgrade that will boost the efficiency and transaction speed of the network.
According to Polkadot, asynchronous backing optimizes the validation of parachain blocks by the relay chain. The upgrade will accelerate block production time twofold and increase extrinsic per block by three to five times.
This advancement, along with Elastic Scaling and Agile Coretime, forms a crucial part of Polkadot's larger vision, known as Polkadot 2.0. Additionally, it will improve the utilization of parachain blocks and expand blockspace availability by 6-10x times.
Interestingly, despite the significant upgrade, Polkadot's native token has remained constant. The DOT token experienced a modest 1% decline in the last 24 hours, settling at $7.06 as of writing. This minor fluctuation contrasts with DOT's recent performance, which had seen an approximately 10% increase in value over the past week.