index
Elastic Scaling is an important solution for parachains that face the challenge of requiring higher throughput than is currently allowed or possible on Polkadot. The main goal of the Polkadot protocol is to provide a platform that prioritizes scalability and security.
Elastic Scaling is not just a change, but a proposed innovative addition to the Polkadot ecosystem. This will not only enhance the functionality of the platform but also create significant adoption opportunities.
Parachain scaling
An important aspect of Elastic Scaling is allowing parachains to produce and verify multiple blocks for each relay chain. These parachain blocks can be created in a sequential manner. However, the relay chain processes this in parallel. The relay chain resources and time used to verify parachain blocks in the relay chain are called cores. For example, if a relay chain verifies 50 blocks at a time, it will have 50 cores, similar to how a processor with 50 cores can run 50 threads simultaneously. This allows parachains to have more than one core simultaneously for execution, allowing high-throughput parachains to execute transactions faster.
new model
Currently, projects on Polkadot must participate in parachain auctions to apply for slots, and the winning project becomes Polkadot's parachain. The auction also determines how many tokens should be locked up, which can vary between six months and two years. Agile Coretime changes this, allowing greater flexibility in core allocation. These changes allow you to purchase cores for shorter periods of time, such as a month, an hour, or a block. These purchases can be made through on-chain purchases or secondary markets.
Polkadot Elastic Scaling
Agile Coretime combined with multiple cores per parachain powers Elastic Scaling. This innovative feature allows parachains to rent additional cores to accelerate block validation and improve transaction execution. This is a groundbreaking change that gives service providers in the blockchain ecosystem the opportunity to serve new customers, increase revenue, and expand their reach. This is a testament to the value they bring to the Polkadot ecosystem.
Elastic Scaling can also benefit applications with unpredictable core time requirements, allowing you to save money by purchasing only the core hours you need at a specific time rather than having to choose between higher costs or lower performance. For example, some projects may have fewer users and build their services and user base over time. Elastic Scaling allows these projects to purchase more core time as they need it as their services and user base grow.
Elastic Scaling also facilitates cost-effective scaling by ensuring projects only pay for the core hours they need, helping to significantly lower the price for everyone. Projects can also sell core time they don't need with the introduction of Agile Coretime.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
Investment Disclaimer
