Polkadot co-founder Rob Habermeier has recently proposed a new system chain called Plaza, which aims to unify the functionalities of various parachains and enhance the scalability of the Polkadot network.
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The concept of Plaza is to integrate features such as asset issuance, smart contracts, staking, bridging pallets, and near-zero fees into a single chain. This would benefit not only users and developers but also liquidity providers and decentralized applications (dApps).
Habermeier’s vision for Plaza is to create a centralized hub that can handle the growing demands of the Polkadot ecosystem. He suggests that by consolidating functionalities into a single chain, developers can focus more on scalability. The proposal also hints at the possibility of incorporating Polkadot’s identity and governance functionality in the future.
The idea behind Plaza is to address the current challenges posed by the distribution of functionalities across multiple chains, which can lead to fragmentation and scalability limitations. By creating a more unified system, Plaza could streamline interactions across the Polkadot network and support further expansion.
Habermeier compares Plaza to major global cities like New York or London, envisioning it as a precursor to greater expansion within the Polkadot continent. He believes that once Plaza reaches its capacity, Polkadot will have the necessary compute power to handle additional growth.
This proposal is still in its early stages, and it will be interesting to see how it develops and what impact it will have on the future of blockchain technology.
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