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The Protocol

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3. Polkadot’s decentralized governance authorised the Be a part of-Accumulate Machine (JAM) protocol because the community’s future structure, in keeping with the crew: “JAM, a minimalist blockchain concept, will support secure rollup domain-specific chains and offer synchronous composability across services. To encourage development, Web3 Foundation launched the JAM Implementer’s Prize, a 10 million DOT fund (~$64.7M USD), for creating diverse JAM implementations. This initiative aims to enhance scalability and flexibility in blockchain applications, integrating elements from Polkadot and Ethereum for a versatile, secure environment.” The JAM “gray paper” by Polkadot founder Gavin Wooden is right here.

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