The Protocol
3. Polkadots decentralized governance approved the Join-Accumulate Machine (JAM) protocol as the networks future architecture, according to the team: 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 Implementers 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 Wood is here.
Source: CoinDesk
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