- Plaza will combine different aspects of parachains into a single chain for the benefit of the Polkadot ecosystem as a whole.
Rob Habermeier, a co-founder of Polkadot, has suggested Plaza, a new system chain intended to improve network scalability and unify parachain features.
Habermeier claims that fragmentation and scalability issues result from the current dispersion of capabilities across several chains, which poses difficulties for developers and consumers alike. He is promoting the use of a synchronous system with scalability features in order to strategically prioritize usability.
Plaza
Plaza will combine different aspects of a parachain into one chain, which will be advantageous to users, developers, liquidity providers, and decentralized apps (dApps). A number of features are included in the suggested system, such as near-zero fees, bridging pallets, smart contracts, staking, and asset issuance.
The current AssetHub, which offers asset wallets, bridging, and tooling interfaces, will serve as the foundation for the chain’s evolution.
Habermeier thinks it will be beneficial to combine functions into a single chain for Polkadot’s future Elastic Scaling. If accepted, he said, Plaza will simplify communications throughout the Polkadot network, freeing up developers to focus on scalability.
Additionally, he hinted that Plaza would eventually integrate Polkadot’s identification and governance features.
Although the new chain might have a short-term effect on other chains, Habermeier admitted that it will ultimately lead to more Polkadot network expansion.
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