Polkadot Decoded 2024 Asia Station is about to set sail, and the Polkadot ecosystem is sounding the horn for a new blueprint

Author: Climber, Golden Finance

This autumn, the Polkadot ecosystem will announce its determination for transformation to the world!

The flagship event of the Polkadot ecosystem—Polkadot Decoded Asia 2024—will grandly open in Singapore from September 16 to 17, and this conference is also an important part of TOKEN2049 Week. The topics will deeply focus on the Polkadot ecosystem and gradually expand to various aspects of the Web 3.0 field.

This summit will invite developers, investors, enthusiasts, and industry leaders from around the world to explore the latest developments in blockchain technology and seek opportunities for win-win cooperation. Additionally, Polkadot's founder, Gavin Wood, will be present, marking his first speech on the Asian public stage in two years, during which 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 world's most transformative applications and blockchains. It enables Web3 innovators to quickly bring their ideas to market with lower startup costs and a highly flexible development environment. Polkadot prioritizes decentralization; it is the first user-governed modular, resilient, and interoperable blockchain, as well as the largest DAO in the world.

Polkadot Decoded Asia is a top event in the Polkadot ecosystem, focusing on the vitality of the Asian market while attracting global attention. This event brings together developers, investors, passionate followers, and industry leaders to delve into the latest advancements in blockchain technology. Through keynote speeches, expert panel discussions, intimate fireside chats, open Q&A sessions (AMA), and exclusive announcements, participants gain profound insights into Polkadot's revolutionary innovations and applications.

The conference will feature over 100 guests, with more than 2000 attendees from the global Web 3.0 industry. Roundtable discussions and speeches will revolve around various sub-tracks designed for the Polkadot ecosystem.

The summit will invite heavyweight guests from various industries, including globally renowned industry leaders, government officials, outstanding entrepreneurs, influential investors, and representatives from innovative institutions, to explore the future development direction of Web 3.0 and the Polkadot ecosystem together.

It is foreseeable 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: The New Changes of the Polkadot 2.0 Era

In 2024, the crypto industry has formed a major trend of integration between Web3 and Web2, with increasing connections among different blockchains and ecosystem projects. With the approval of spot ETFs for Bitcoin and Ethereum by U.S. regulators, the anticipated crypto bull market following the fourth halving cycle, and the gradual recognition of cryptocurrencies by regulatory bodies due to the U.S. elections, the prospects for blockchain are becoming clearer.

In recent years, as the call for blockchain scalability has surged, more and more L2 projects have emerged, coupled with the inherent competition among L1s, making the demand for chain interoperability increasingly urgent. Once hailed as the "king of cross-chain," Polkadot has been focused on building a network capable of transmitting all data across all blockchains, with a development direction leaning more towards its own ecosystem projects. This has led to a convergence of development models with other L1s, resulting in a long-term lack of liquidity in the Polkadot ecosystem and missed opportunities for collaborative development of new projects with ecosystems like Ethereum, Solana, and Avalanche.

However, upon realizing the new situation in the crypto industry, Polkadot is determined to break away from its inherent development model and fully commit to creating the Polkadot 2.0 new era. "Polkadot 2.0" is a series of terms used by the community to describe the network's progress, such as Agile Coretime, Elastic Scaling, and Asynchronous Backing, aimed at enhancing the scalability, flexibility, and efficiency of the Polkadot network.

Polkadot Decoded is an official summit event hosted by Polkadot. Since 2020, the Polkadot hackathon Decoded has been held annually in different regions around the world, primarily for communication, promotion, and the release of the latest updates on technologies and projects. The hosting of Polkadot Decoded Asia 2024 reflects Polkadot's shift in blockchain public chain design thinking, with a determination to embrace cooperation with other public chain ecosystems in a more inclusive and open manner to increase project activity and liquidity.

The true determination of the Polkadot project team is also reflected in its layout for Polkadot 2.0. In March of this year, the Polkadot Foundation announced a large-scale launch of Polkadot 2.0. This iteration will introduce a new paradigm, the JAM chain.

The JAM chain will serve as the foundation for Polkadot, providing multi-core computing and supporting hundreds of chains for blockchains like Polkadot. 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 significant change may impact the governance and economic model of the Polkadot network.

In previous decoding events, Gavin Wood elaborated on the principles and significance of JAM. JAM will be built on the foundation 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, to encourage more user participation in the Polkadot ecosystem, Polkadot has also launched the Account Identity mechanism, a naming system that allows participants to add personal information to their on-chain accounts and subsequently request verification from registrars.

In addition, Polkadot has introduced the payment feature Polkadot Pay, which can be used for gift card payments in over 1 million stores in the U.S. and will eventually enable cryptocurrency payments in stores across more than 33 countries.

To better convey Polkadot's willingness and ideas for cooperation, in July this year at EthCC, Gavin Wood shared the stage with Vitalik Buterin, delivering a speech titled "Building True Unstoppable Systems." He stated that Web3 is not just about NFTs or blockchains, but about creating resilient digital systems.

Furthermore, since the beginning of this year, Gavin Wood has publicly participated in various speeches and roadshows, including the recent Polkadot Decoded 2024 held in Brussels, Belgium.

It is worth mentioning that the upcoming Polkadot Decoded Asia 2024 conference will also mark his return to the Asian public stage for the first time in two years. The leadership of the Polkadot Foundation and Parity will also participate in the Decoded Asia event in Singapore, celebrating the largest cryptocurrency event in Asia, TOKEN2049.

For those who register to attend this conference, the Polkadot official team has prepared a super gift package: a limited edition NFT provided by DOTphin, which will be given for free to the first 100 registrants. Additionally, Polkadot Now has prepared a summer night vibrant DJ music party. Everyone is welcome to register and gather in Singapore to share in the Decoded crypto celebration.

Conclusion

Blockchain purely records with finality, but the iteration and evolution of chains are endless. In other words, blockchain has infinite application possibilities. The new situation in crypto clearly shows that cooperation is essential for efficiently promoting 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.

With the opening of Polkadot Decoded Asia 2024, not only will the entire Asian market gain a renewed understanding of the prosperous potential of the Polkadot ecosystem, but the global Web3 and Web2 practitioners will also discover Polkadot's contributions and determination in building a comprehensive blockchain ecosystem.