Polkadot
co-founder
Rob
Habermeier
has
proposed
Plaza,
a
new
system
chain
designed
to
unify
parachain
functionalities
and
enhance
network
scalability.
According
to
Habermeier,
the
current
distribution
of
functionalities
across
multiple
chains
creates
challenges
for
users
and
developers,
leading
to
fragmentation
and
scalability
limitations.
He
is
advocating
for
a
strategic
focus
on
usability
by
building
a
synchronous
system
with
scaling
features.
Plaza
Plaza
will
integrate
various
parachain
features
into
a
single
chain,
benefiting
users,
developers,
liquidity
providers,
and
decentralized
applications
(dApps).
The
proposed
solution
would
include
several
features,
including
asset
issuance,
smart
contracts,
staking,
bridging
pallets,
and
near-zero
fees.
The
chain
will
evolve
from
the
existing
AssetHub,
which
already
supports
asset
wallets,
bridging,
and
tooling
integrations.
With
Polkadot’s
upcoming
Elastic
Scaling,
Habermeier
believes
consolidating
functionalities
into
a
single
chain
will
be
advantageous.
He
stated
that
if
approved,
Plaza
would
streamline
interactions
across
the
Polkadot
network,
allowing
developers
to
concentrate
on
scalability.
Habermeier
wrote:
“We
should
work
together
as
an
ecosystem
to
bring
a
batteries-included
single
chain
up
to
its
point
of
bursting
and
only
then
relieve
the
pressure
by
spinning
out
apps,
users,
and
system
functionality.
Polkadot
has
the
cores
to
support
all
of
this
to
the
level
of
scale
the
world
needs.
The
city
needs
to
grow
outwards
from
the
center,
and
that
center
should
be
the
Plaza.”
He
also
mentioned
that
Plaza
might
incorporate
Polkadot’s
identity
and
governance
functionality
in
the
future.
Habermeier
acknowledged
that
while
the
new
chain
might
temporarily
impact
other
chains,
it
would
ultimately
drive
further
expansion
of
the
Polkadot
network.
He
said:
“My
vision
here
is
that
this
will
be
the
New
York
City,
Dubai,
London,
or
Shenzhen
of
the
Polkadot
continent,
the
first
megacity
of
many
and
a
precursor
to
greater
expansion.
We
can
implement
this
plan
eagerly,
knowing
that
when
the
Plaza
is
saturated
Polkadot
(or
JAM)
has
the
raw
validated
compute
power
needed
to
handle
that
expansion.”
Disclaimer:
CryptoSlate
has
received
a
grant
from
the
Polkadot
Foundation
to
produce
content
about
the
Polkadot
ecosystem.
While
the
Foundation
supports
our
coverage,
we
maintain
full
editorial
independence
and
control
over
the
content
we
publish.
Go to Source
Author: Oluwapelumi Adejumo
