Demex Daily #150: Polkadot's Asynchronous Backing Accelerates Throughput and Improves Web3 Support

What’s Interesting Today:

Polkadot has enabled asynchronous backing on its network, significantly enhancing how parachain blocks are validated. This upgrade leads to a twofold increase in block production speed, 3-5 times more extrinsic per block, and a 6-10 times boost in available blockspace, resulting in higher utilization of parachain blocks. Asynchronous backing also increases throughput by eightfold without compromising security, supporting Web3 applications in sectors like gaming and DeFi. This feature, along with Elastic Scaling and Agile Coretime, is a key part of the "Polkadot 2.0" scaling solutions, aimed at improving performance and blockspace flexibility.

Omni Network has launched Octane, an open source, high-performance EVM framework designed to integrate the Ethereum Virtual Machine (EVM) with various consensus engines, notably the CometBFT (formerly Tendermint). This framework addresses previous scalability and maintenance challenges associated with Ethermint by separating the execution environment from the consensus engine through Ethereum's Engine API and enhancing it with Cosmos’ ABCI 2.0. Octane supports sub-second finality, minimal RPC query latencies, and high transaction throughput, making it suitable for building performance-optimized Layer 1 networks and enhancing Layer 2 rollups. Additionally, it offers flexibility for integrating advanced execution and consensus technologies, is adaptable to various EVM clients and VM architectures, and requires IBC connection to the Omni Network to promote interoperability. The framework is open-sourced under the GPL license with an added interoperability requirement.