Polkadot's (DOT) price responds to Asynchronous Backing upgrade
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It does not end there as Asynchronous Backing is expected to boost throughput by 8x. While this is important, the protocol said it can achieve this scaling"without sacrificing security, paving the way for supporting Web3 applications across verticals such as gaming and DeFi." ⚡️ Async Backing boosts throughput by 8x, without sacrificing security, paving the way for supporting Web3 applications across verticals such as gaming and DeFi.. The protocol noted that the throughput this latest update brings onboard is important to support large-scale platforms like Mythical Games.
The upgrade has helped DOT, the native token, sustain its growth over the past week. At the time of writing, the coin is down 1.20% to $7.02; however, the weekly uptick In line with the Asynchronous Backing upgrade, Polkadot said this comes as one of three major tech stacks to usher in its Polkadot 2.0 vision. The community should keep its eyes on"Elastic Scaling" and"Agile Coretime," which look to bring more utility and performance to the Polkadot ecosystem.
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