Polkadot Teases Jam Upgrade in Network Overhaul

Polkadot CEO teased the upcoming Join-Accumulate Machine upgrade during his appearance at the Token2049 conference in Dubai.

On Thursday morning, Gavin Wood, who is also the co-founder of Polkadot, made a brief appearance on X in order to hint at the imminent release of the Join-Accumulate Machine (JAM) upgrade.

JAM To Replace Relay Chain

This idea will completely transform it’s future. Wood presented the JAM Gray Paper to the attendees of the Token2049 cryptocurrency conference, which is now taking place in Dubai.

In this presentation, he shared information regarding the innovative system that combines aspects of Polkadot and Ethereum. This upgrade is an evolution that is meant to replace the old relay chain with a design that is more modular and minimalistic, which is more straightforward.

Previously, the Polkadot Relay Chain facilitated interoperability between various platforms, including PARSIQ, which monitors data and automates processes across blockchains.

Through the implementation of JAM, Polkadot offers a whole new point of view. The implementation of this protocol introduces a potential route to replace the relay chain with a more modular and simple design.

He highlighted the release of the Jam Gray Paper on X, which came ten years after Wood’s Yellow Paper. Moreover, the Web3.0 Foundation, the organization that is responsible for Polkadot has revealed that there will be a prize pool of 10 million dollars.

The goal of this award is to foster a more diverse range of perspectives in the process of developing the JAM protocol. According to the explanation provided by the company, “The JAM Implementer’s Prize is intended to stimulate this by providing financial assistance and support to projects that contribute to the development of JAM implementations from the very beginning.”

Key Plans for the Polkadot JAM Protocol

Taking into consideration the design, JAM is a decentralized hybrid system that combines Ethereum with Polkadot. It provides users with smart contract functions that are both secure and scalable.

Its global singleton permissionless object ecosystem is evocative of the smart contract environment that Ethereum provides. Additionally, a scalable node network parallelizes a secure sideband computation.

Polkadot, the interoperability powerhouse, was the first company to successfully implement this concept. JAM provides developers familiar with Substrate for blockchain development and deployment with assured smooth compatibility, among other characteristics.

Parachain services that cater to pre-existing substrate-based parachains are the ones responsible for making this essential functionality possible. Considering that JAM is a Polkadot product, it should not come as a surprise that it functions solely using DOT, which is the protocol’s native token.

Consequently, this eliminates the requirement to issue a new token while simultaneously simplifying interactions within the protocol and making use of the infrastructure that is already present within the Polkadot network.

DOT has signed a 2.3% increase in the past 24 hours, bringing the price to $6.75, in recognition of the role it will play in the newly revealed future.