Chronology of Polkadot Events: Understanding Polkadot History in One Article

Polkadot has made rapid progress recently, and the popularity is also high, and the limelight is the same for a while. But Rome was not built in a day, and Polkadot is no exception. It has been developed step by step to today.

Here we sort out the timeline of major events in the development of Polkadot, hoping to help you better understand the development history of Polkadot.

October 2016 · Published the white paper

The first draft of the Polkadot white paper was released.

2017 · Web3 Foundation was established

Polkadot announced the latest roadmap, and it is expected that the asynchronous support function will enable TPS to reach 100,000-1 million: On September 27th, Polkadot co-founder Rob Habermeier announced Polkadot’s latest roadmap on the official blog, including Kusama before the end of the year Deploying an asynchronous support function, followed by deployment on the main network, which can reduce the parachain block time to 6 seconds, increase the amount of available space per block by 5-10 times, and allow parachain blocks to Trying to be "reused" when not entering the relay chain, this update is expected to bring the network's total TPS capacity to between 100,000 and 1,000,000 without compromising the security guarantees made by the network.

In addition, Polkadot also plans to launch a parallel thread function in the first or second quarter of 2023, which enables parachains to temporarily participate in Polkadot security, start the blockchain without participating in auctions, and rent dedicated parachain slots; Weights V2 will be put into use in mid-October 2022. This version introduces the concept of multidimensional weights, which not only measure execution time, but also measure the amount of state accessed by a specific operation. [2022/9/27 22:31:32]

Gavin Wood and Parity's Peter Czaban co-founded the Web3 Foundation. The Web3 Foundation is a non-profit organization that aims to support the research and development of Polkadot and the Web3.0 ecosystem.

The Polkadot ecological concept sector has an average increase of 0.79% today: Jinse Finance and Economics quotes show that the Polkadot ecological concept sector has an average increase of 0.79% today. Among the 26 currencies, 17 rose and 9 fell, among which the leading currencies were: EWT (+14.74%), KTON (+8.33%), DOCK (+4.23%). The leading currencies are: KLP (-7.60%), AR (-7.00%), XOR (-5.65%). [2021/9/1 22:52:56]

October 2017 First DOT sale

The Polkadot token DOT conducted its first sale, selling 50% of the initial 10 million DOT (Old), raising $145 million.

The Polkadot ecological concept sector has an average increase of 0.74% today: Jinse Finance and Economics quotes show that the Polkadot ecological concept sector has an average increase of 0.74% today. Among the 26 currencies, 12 rose and 14 fell, among which the leading currencies were: OAX (+15.45%), CHI (+12.58%), and ANKR (+11.22%). The leading currencies are: CELR (-16.74%), OM (-11.12%), XOR (-10.72%). [2021/3/16 18:50:28]

October 2018 Substrate debut

At the 2018 Web3 Summit, Dr. Gavin Wood wrote a brand new blockchain in 15 minutes using the Substrate blockchain development framework. Substrate is a modular blockchain development framework extracted from Polkadot's development process.

The Polkadot ecological concept sector has an average increase of 5.07% today: Jinse Finance and Economics quotes show that the Polkadot ecological concept sector has an average increase of 5.07% today. Among the 26 currencies, 21 rose and 5 fell, among which the leading currencies were: KLP (+32.83%), RING (+19.56%), AR (+18.46%). The leading currencies are: CHI (-8.38%), KTON (-6.03%), EDG (-4.86%). [2021/1/24 13:21:48]

January 2019 Alexander testnet launched

Polkadot launched the first test network - Alexander test network.

August 2019 · Kusama network launched

Kusama is an early, unaudited version of Polkadot, known as Polkadot's "canary" network, with the purpose of testing governance, staking, sharding and other functions for Polkadot in a real economic environment.

May 27, 2020 Polkadot mainnet candidate chain goes online

The launch of Polkadot's first mainnet candidate chain marks the beginning of Polkadot's phased launch process. This version of Polkadot is a PoA (Proof of Authority) network managed by 6 validators from the Web3 Foundation.

June 18, 2020 Polkadot to NPoS

June 18, 2020 - The Polkadot network switched to the NPoS nomination proof of rights and interests mechanism, which is also the second phase of the Polkadot mainnet launch. DOT holders can apply for validator seats and unlock staking revenue.

July 2020 Polkadot starts governance

The governance function of Polkadot is enabled, and the control of the Polkadot network is officially handed over to the community.

August 18, 2020 · Open DOT transfer function

Polkadot has opened the DOT token transfer function.

August 21, 2020 DOT split 100 times

Polkadot has changed the denomination, the total amount of DOT has changed from 10 million to 1 billion, the denomination of each DOT has become 1/100 of the original, and the number of DOT in each account has become 100 times the original. This DOT denomination change was decided by the Polkadot community vote, and it was also the first on-chain voting of the Polkadot network.

September 2020 Substrate 2.0 release

Substrate 2.0 is released, adding more than 70 composable modules and off-chain workers.

The Polkadot network is already in stable operation. At present, what everyone is most looking forward to is the core functions such as XCMP cross-chain messaging and parachains. PolkaWorld will continue to pay attention and follow up.

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