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The new VP of Engineering at Parity Technologies confirms plans to replace Polkadot’s Parachain auctions

Polkado has confirmed plans to replace Polkadot's Parachain auctions with a new system, likely named Polkadot V2.

Pierre Aubert, the new VP of Engineering at Parity Technologies, has confirmed plans to replace Polkadot’s Parachain auctions with a new system, likely named Polkadot V2.

The proposed Agile Coretime or Bulk Coretime aims to enhance the user experience and create a direct bridge to Ethereum, alongside a connection to Kusama.

Over the next six months, Polkadot plans to introduce features to boost user experience and focus on developer improvements, including the Polkadot API to simplify dashboard creation.

The Parachain auction model, embraced by projects like Moonbeam Network and Astar Network, encourages community participation and rewards with native tokens upon launch.

The specific details of Agile Coretime and Bulk Coretime are still in the design phase but are expected to showcase Polkadot’s commitment to ease of evolution.

The ability of blockchain protocols to evolve easily is a fundamental feature, as exemplified by Ethereum’s transition from Proof-of-Work to Proof-of-Stake and Shiba Inu’s strategic shift with Shibarium.

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