- Despite causing temporary disruptions, Moonbeam resumed normal operations within an hour; similar issues have occurred in other blockchains.
- The upgrade did not positively affect DOT’s market value, which fell 2.18%, trading at $7.06 post-update.
Polkadot has recently updated its runtime on the mainnet, a process which unexpectedly halted activity across its parachains. This halt affected multiple parachains, including Moonbeam Network, which confirmed the cessation of its block production at approximately 10:27 am UTC on April 21.
The intent behind runtime upgrades in the Polkadot network is to adjust the blockchain’s logic without the need for a hard fork. Hard forks typically require extensive offline coordination and are prone to errors, making them inefficient.Â
Polkadot uses a framework called Substrate, which includes a feature called Wasm that allows parachains to update their runtime without necessitating a hard fork. This system stores the runtime logic on a dedicated blockchain, streamlining updates.
Polkadot’s on-chain governance system is instrumental in managing these upgrades. This system allows stakeholders to propose, approve, and autonomously implement changes, thereby reducing the need for extensive coordination among node operators before a specific block number is reached.
Despite the temporary interruption, Moonbeam resumed normal block production within an hour. Such incidents of downtime are not exclusive to Polkadot, as other blockchains, such as Solana and Polygon, have also experienced similar short-lived outages following updates.
This upgrade is part of Polkadot’s broader shift towards a more simplified and flexible architecture, which was initially announced as the JAM upgrade. This aims to replace the existing Relay Chain interoperability protocol with a new design to enhance efficiency.
The evolution of Polkadot continues with JAM, a candidate design for a future iteration of the Polkadot Relay.
8 years after authoring the Polkadot Whitepaper, @gavofyork's distilled his vision for the future of the network in the Gray Paper.https://t.co/rxMRo8UwGA
— Polkadot (@Polkadot) April 19, 2024
However, the runtime upgrade did not impact the price of DOT, positively. At the time of this report, DOT’s price had decreased by 2.18% in the last 24 hours, trading at $7.06, down from a daily high of $7.29.
The upgrade and its brief outage illustrate the ongoing challenges and necessary adjustments within the blockchain ecosystem as it evolves.
These enhancements are crucial for improving the scalability and functionality of networks like Polkadot, despite the potential for short-term disruptions.
