Gavin Wood presented the JAM Protocol at Polkadot Decoded 2024. Wood emphasized the importance of distinguishing between human users and automated systems.
At the recently concluded Polkadot Decoded 2024 event, Polkadot founder Gavin Wood unveiled the JAM Protocol, which stands for Join-Accumulate Machine and is designed to address the scalability and interoperability challenges of blockchain systems.
First introduced on Decoded last year, the protocol promises to improve compatibility between smart contracts across different chains. By migrating to the Polkadot Virtual Machine (PVM), JAM is expected to achieve a throughput of around 1 trillion EVM gas per second.
The protocol solves several challenges facing blockchain systems today by improving the interoperability of smart contracts across different chains. It also introduces the Polkadot Virtual Machine (PVM), which is expected to deliver a throughput of “approximately 1 trillion EVM gas per second.”
Wood also revealed that to support development, the Web3 Foundation is launching the JAM Developer Program, which calls for the distribution of 10 million DOT to teams developing production-ready implementations of JAM in various languages.
Wood tackles the challenge of digital personalization
Furthermore, during his presentation, Wood focused on the problem of Sybil attacks, which prevent a single entity from creating multiple fake identities. He emphasized that this idea is very important in blockchain and explained how it impacts game theory and systems.
Blockchain systems are based on game theory and often require limiting the number of players or managing their diversity.
Wood explained.
Wood made the distinction between identity and individuality, clarifying that his focus is not on identifying real-world individuals but on distinguishing between human-operated devices and automated systems. This distinction is important for the proper management and allocation of resources in a blockchain network.
Additionally, Wood highlighted the distinction between human users and bots, which is key to digital interfaces. This distinction has implications for various features of blockchain technology, such as governance and resources. Wood outlined several options for this problem, and noted the difficulty of designing a decentralized system that is Sybil-resistant and respects user privacy.
Polkadot partners with blockchain technology to advance
As outlined in a recent blog post, Polkadot recently partnered with the University of Buenos Aires (UBA) and Archisinal, a real-time Web3 data platform. These partnerships aim to enhance the application of blockchain technology and develop innovative learning experiences.
The collaboration with UBA was established by the Polkadot Foundation and aims to explore the potential of blockchain solutions within the University’s Artificial Intelligence Laboratory (IALAB). The partnership focuses on creating new blockchain technologies in a university environment to enhance learning and research.
At the time of writing, Polkadot (DOT) is trading at $5.85, up 2.36% in the last 24 hours and 3% in the last 7 days. DOT’s market cap is $8.41 billion, with a 24-hour trading volume of $149.8 million, down 6.8% on trading volume. DOT’s all-time high remains at $56.21.
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