Reddit Posts
JAM Token utility expanding
Huge! Europe’s first spot Bitcoin ETF goes live
Geojam - found a project with a fully functional product and iOS & Android app that has some serious talent involved
Found a new crypto music engagement reward app called GEOJAM. It is being promoted as the new Tik Tok.
Geojam with TikTok Ban
I made a tutorial showing how to use Joinmarket via the JAM app on your node
Bank of Jamaica To Rollout Digital Currency (JAM-DEX) by June End
Bank of Jamaica To Rollout Digital Currency (JAM-DEX) by June End
Jamaica Is All Set To Release Its Digital Currency (CBDC): JAM-DEX
Mentions
I'm excited to see if anyone uses JAM (Polkadot Virtual Machine (PVM)), when it launches later this year? It's like everything everyone talks about doing, already completed. Just working on bugs. It's a solution to problems like these. It's plug and play.
Not gonna tell you what to do, but I can recommend looking into what's been going on in [Polkadot](https://youtu.be/G9CNCNiXuJI?si=9iaeKxF8vQjf2uEQ) and learn about things coming with the [JAM](https://youtu.be/hJcw5FMSjQs?si=7sKH4e77QVLkjXFY) protocol upgrade. That sense of building something actually useful is not lost People just are unhappy with the token price
JAM in Polkadot will be world changing. Mark my words.
I'd second that, but I will say that Polkadot JAM is GOING to be huge, not IS huge at the moment ...
Polkadot. JAM is huge. All I need to say is
coinjoin with JAM or joinmarket is probably a better idea. both those mentioned have issues.
With JAM this year, it will be the best tech out there, easy to build the stockpile on DOT as a CORE to manage the total account.
Polkadot is working its way up and it was originally included in the Strategic Reserve at 0.5%. Charles wants to use Polkadot's JAM on top of Cardano's Midnight to enhance function. It's going to sneak its way back before anyone really notices what's going on 😉
It is crazy. I just got another look at JAM and people are sleeping on this shit. Their loss!
Bitcoin and outside of that Polkadot is the only one excelling in actual decentralized tech with JAM.
Awesome move. Polkadot’s future is looking very bright and has the best tech imo. This, JAM, gaming & the enterprise partnerships should be great for long term growth.
Thanks for the detailed answer. I completely see where you are coming from. In my circles the issue you are describing was usually referred to as system coherency or synchronous composability of smart contracts and not DA but now I completely understand what you are referring to. All sharded networks sacrifice some coherency and synchronous compatibility for better throughput. I think you would agree as of today ETHs L2 have very poor composability (L2<->L2 or L2<->L1) and are generally their own little worlds. I am actually not that familiar with Algorands approach but if you compare ETHs L2 and Polkadot L2, Polkadot at least offers some composability with secure cross chain messages arriving within 1-2 blocks. So synchronous composability of Polkadot L2s seems to be greater than ETHs. Although I assume that you believe both are simply not enough and we need true instant access synchronous composability which is certainly a valid opinion. I think you slightly underestimate the potential of JAM solving this issue. I think you will agree that not all smart contracts need to composed with all others all the time. A completely monolithic blockchain always keeps everything in the same context. Some of the logic/smart contracts depend on each other so they need to be kept that way at a time but there might be “islands” of codependency. JAM simply allows for splitting the islands of codependency dynamically to give some synchronous composability while still sharding for performance gains. We will of course see how it plays out when they finish the implementation. And now to the final bit of L1 superiority. I assume you say that because u value synchronous composability. A single Polkadot rollup (which has perfect synchronous composability with itself) achieved 18k+ batched TPS. This is already more than many L1s can offer. I understand that ppl discount sharded systems because of composability issues but when the L2 from the sharded system outperforms dedicated L1… then there are literally no downsides. (Source: https://polkadot.com/reports/polkadot-spammening-report-2024.pdf)
Data availablity is about how much data smart contracts have access to. In a layer one the smart contracts have access to all of the data in the latest block. In sharded or layer-1/layer-2 blockchains the smart contracts are only able to access data in their shard or layer. Data can be passed between shards/layers to make it available on other shards/layers but this slows down processing and consumes more blockspace as data is duplicated in multiple shards. This makes it more expensive too as ultimately blockspace is going to cost money as the nodes all need to store it and fast disk space has to be paid for. For Polkadot they have a future update planned called JAM which they claim will mitigate the data availability problems but it won't the data availablity issues are an inevitable part of a sharded chain's design. It could improve the design and lower the costs of the data availability issues sharding creates but they are still there. I believe long term blockchains will be pricing the most important world markets when that happens blockchains that can maximise the amount of data in layer 1s will be the most efficient at providing markets. Sharded and layered solutions might pick up some crumbs of the markets not seen as interlinked with all other markets like the global markets for everything are. That is why I am interested in layer one solutions mostly.
Great team at Polkadot but they have gone for sharding rather than Layer 1 scaling which is causing data avilablity issues. JAM tomorrow won't fix this either
I'm a big fan of Polkadot, they have, imo, the most scalability of any network currently in crypto. This is before JAM. I regularly do cross chain sends/swaps and atomic swaps through RocketX to Polkadot, they take considerably less time than using a CEX to trade/transfer with more beneficial arbitrage. No brutal transaction or gas fees. You could send 10k DOT and pay $0.06 total for the transaction, and it arrives immediately, within seconds (on chain), from ALL sources. The confirmation speed is extremely fast.
Why the effort? Just pump the price, that’s what people want, no one cares what it does really, and there are so many better decentralized techs, like JAM lately, which finally makes any work on this largely premined forked altcoin obsolete really. More money out for hodling it, this is what crypto wants, don’t you know?
> it is the solution to almost all major problems plaguing this industry right now. My analogy is that this industry's tech has very limited use cases if you want to take applications seriously. Even then, every application needs a user distribution to make it relevant. So ppl saying "dead chain" is a very valid critique - not a myopic one. Then, you compound the fact that crypto's history shows user retention and acquisition are largely tied to token price action. The "dead chain" and "look at price" share a vicious cycle. You can't dismiss these critiques as " people being greedy," aka "most people are here for the gains." Every technology/ecosystem needs an ***economic model to keep itself alive***. If ppl rightly point out you lack an economic model to keep things going, then it is a serious issue, regardless of what tech you are building. Just look at the former Soviet Union. It was the second leading technological power, but it didn't have a sustainable economic model. Now, it is in the dust of history. > Let me explain JAM: Polkadots current architecture has many flaws, which the JAM upgrade solves in my opinion. Sure. But you have to acknowledge that JAM is a fix for a problem Gavin created with Polkadot's initial bad social/economic design. There are many instances where crypto upgrades are to fix crypto problems from their initial bad designs. Can't blame ppl if they aren't interested in solving self-referential problems they didn't encounter in the first place. That said, yeah, JAM gives Polkadot a chance to fix its horrible modular design. Maybe things will be different in the future.
To be honest Poilkadot's fundamental approach to blockchain has never much appealed to me. The idea to split the chain into an arbitrary number (like 341) of shards which are independent of one another, and have to be provisioned by some centralized foundation ultimately, seems overly complex. If the goals are sub-second finality and a rich ecosystem, each of those can be built upon a simpler and more robust model. As far as being able to run any language - firstly, that isn't true, because JAM runs RISCV machine code and compilation to RISCV is not widely supported apart from some core languages. Their RISCV machine is still a nice advancement though. But keep in mind JAM isn't unique in using RISCV - Nervos has had a RISCV VM for a while now, it's just that JAM redesigned the binary translator to be faster (since a VM ultimately has to run some native code). I'll be completely honest, I know a lot of work goes into JAM and it can be complex, but if I don't hear better specifics as opposed to buzzwords I'm not, by default, excited about it just because it sounds advanced or has a large budget.
JAM moved based being just a defi chain. Let me explain one example: JAM services allow almost anything to be hosted inside them. You could host, run, and train entire AI models like chatGPT. This is because JAM services allow any programming language to be used inside them, not just smart-contract languages. All other layer 1 chains are limited to 1 maybe 3 coding languages at maximum, JAM can handle all languages and any languages that get created in the future. JAM is actually economically viable for doing non-financially based transactions. This is because on JAM you rent core-time (computational power) in chunks, instead of having to pay Gas for every single transaction you make, like you do on every other chain. This means training, running, and maintaining an entire AI model inside a JAM-service will actually be extremely affordable. On any other blockchain training an AI model on them would cost SOO much money there would be no point to do it This is just one example
Im a 3rd year computation neuroscience PhD Student / candidate. Been studying the actual theoretical math behind the crypto space since 2016. Not just some crypto dev. That being said, I agree 95% of things are trash, but that’s the same as all new major sectors in the world. I do urge you to look into polkadots JAM upgrade. I have spent 100’s of hours reading Gavin Woods Gray paper outlining the math of the upgrade. And it is not some random upgrade, it is the solution to almost all major problems plaguing this industry right now. Let me explain JAM: Polkadots current architecture has many flaws, which the JAM upgrade solves in my opinion. Polkadots technology itself is a masterpiece. Allowing for the hosting of entire blockchains, and granting them full access to secure validators and a guaranteed cross chain message protocol. But all good technology isn’t perfect on the first try. This design was plagued by the latency (6-15 seconds) when wanting to send messages across different chains. And the inability for developers to launch simple dapps on the main Polkadot network, you could only launch full blockchains. But JAM fixed all this and more. It made cross chain messaging near instant 5-50ms. By splitting the main Polkadot network into 341 equal and parallel pars called cores. Each core has their own fully guaranteed state, and can submit to the main state if they wish, but do not have to. Meaning Polkadot basically is now 341 parallel execution machines Another major thing is that JAM now allows Polkadot to host and execute EVERY single smart-contract language that currently exists, or will ever be created. And they can all communicate with eachother. I would explain more if you would like.
Polkadot JAM upgrade is the clear winner in tech even Charles hoskinson was talking about connecting cardano to JAM. Will see what happens but DOT has already proven to be the fastest chain with no downtime.
Can you actually explain to me whats the use case of the JAM technology or eth? Outside of storing some data
I've been warning about falling for the Tech Narrative since 2017. Over the years, I specifically have been warning about Token Dump Meme Tech like DOT whenever shills and bagholders spammed posts about its Amazing Token Dump Technology. How does a software engineer who has been in the space since 2016 fall for a scam like this? > Amazing technology and active development does not mean success. NXT was launched in 2014, a top 5 project, was the most advanced platform, had a huge community of investors and developer and there is forum with hundreds of thousands of posts in multiple languages here: > https://nxtforum.org/ > - First coin that was 100% Proof of Stake > - 1 minutes block times > - Java programming lanaguage > - DEX (Chainlink's Sergey Nazarov worked on a DEX project there) > - Messaging > - Assets in the blockchain (Staple top 10 coins like NEM were launched there) > - Programmable APIs > - Smart Contracts > But by the time of 2017 bullrun, NXT fell into irrelevance and even hyped shitcoin platforms like Stratis, NEO, etc easily surpassed it. Today, most new people haven't heard of NXT or aren't even aware how hyped and loved the shitcoin platforms that followed NXT like Stratis, NEO, IOTA, ICON, AION, were. People are falling for the same technology hype or the same meme partnerships. https://np.reddit.com/r/CryptoCurrency/comments/10hyjyn/the_case_for_polkadot_amazing_tech_and_usecase/j5ctwqs/ > Polkadot Unveils JAM: Major Upgrade > "You've been ~~jammed~~ SCAMMED!" > 4 years ago in 2020, Polkadot entered the top 10 after a governance vote passed multiplying balances by 100X and change the denomination of DOT from ~$400 to ~$4 so that it looked cheaper for dummy investors that would be dumped on. Dummies bought because they believed para-chains will drive demand for token will go through the roof. Been shilling ever since. https://np.reddit.com/r/CryptoCurrency/comments/1cba3z2/polkadot_unveils_jam_major_upgrade_10_million_dot/l11p9sg/
>This new JAM architecture is more revolutionary than the invention of smart contracts that sparked the next eight years of layer 1 chain. How?
Polkadots current architecture has many flaws, which the JAM upgrade solves in my opinion. Polkadots technology itself is a masterpiece. Allowing for the hosting of entire blockchains, and granting them full access to secure validators and a guaranteed cross chain message protocol. But all good technology isn’t perfect on the first try. This design was plagued by the latency (6-15 seconds) when wanting to send messages across different chains. And the inability for developers to launch simple dapps on the main Polkadot network, you could only launch full blockchains. But JAM fixed all this and more. It made cross chain messaging near instant 5-50ms. By splitting the main Polkadot network into 341 equal and parallel pars called cores. Each core has their own fully guaranteed state, and can submit to the main state if they wish, but do not have to. Meaning Polkadot basically is now 341 parallel execution machines Another major thing is that JAM now allows Polkadot to host and execute EVERY single smart-contract language that currently exists, or will ever be created. And they can all communicate with eachother. I would explain more if you would like.
JAM is certainly much more. Honestly it’s miles ahead of the entire space. One of has finally achieved the holy grail, the ability to run absolutely any and all coding languages. Example: Ethereums EVM contract language, Solanas Rust contract language, Cardanos Plutus contract language, SUI move contract language, and literally any other language that exists or will be invented JAM can run them. JAM can handle all of them, because of the invention of JAM-services. These are Highly programmable execution environments, they can even host and run entire blockchains, or host and run the entire ChatGPT AI model… my point is they are HIGHLY programmable. Second it has also achieved the first fully on-chain parallel execution, achieved by splitting the main chain into 341 parallel execution chunk called “cores”. each core gets their own randomly assigned validator each epoch. This means within one core you have near zero transaction latency ~5-50ms. And the network uses a demand based scheduler, which enables to automatically move JAM-services that want to communicate together onto the same shared core. There is a lot more but these are the main parts. JAM is being built by 35 teams across the world, with a shared prize pool of 100 million USD. The Polakdot team also built the world’s largest test network called the JAM toaster. It costs 10s of millions and 100K a day to operate. And it was built entirely to stress test the JAM upgrade in. 100% real life environment. So yes JAM is much more than a faster EVM. And the world will eventually realize this
That’s not true, a majority yes, but not all. Ethereum was certainly revolutionary when it invented the concept of smart-contracts, and a touring complete immutable coding language. Polkadots layer 0 design allowing for hosting of entire functional Blockchain and allowing them a secure guaranteed communication was revolutionary And now Polkadots JAM upgrade brings the first actual on-chain parallel execution, seen in the form of cores. As well as jam-services, self contained highly programmable execution environments that can host any coding language with roughly 5-50ms latency. This new JAM architecture is more revolutionary than the invention of smart contracts that sparked the next eight years of layer 1 chain.
Is JAM anything much more than a faster VM?
I love this comment. TCP/IP is revolutionary tech, and runs the entire internet. Yet 99.9% of people have never heard of it. Literally love to hear someone talking about it lol. I made an entire massive tweet about how polkadots JAM model is similar to TCP/IP like last week.
Unfortunately you are wrong here. Of course i would enjoy the price going up. But as a PhD candidate doing computational neuroscience, i do in fact care far more about the technical aspects. Polkadots JAM is unbelievably revolutionary. And will allow high through put security and government resistant applications to be implemented by anyone. This type of technology is far more important for the sake of the world than people understand. If I wanted money I would leave my PhD program where I make minimum wage in one of the most expensive cities in America, and go work at a start up or some software company.
Tell me about the JAM upgrade. When I first got involved I was all about reading whitepapers, and geeking hard about the potential of this space... But over time, with memecoins taking the spotlight and outpacing utility projects, I guess I just stopped. That, and having nobody to talk to about the tech irl, that's tough. But I agree, it's time to take back intelligent discourses.
\> I think Polakdots JAM upgrade is really important for the industry. No, you only care that the upgrade can potentially pump your bags. Just be honest. Investing in tech, means you will get dumped on by VCs. They don't care that their allocation unlocked when price already down 80%, they're still up 100x, just dump it to -95%.
Must be too married to my bag but staking and waiting for JAM later in cycle
Polkadot once JAM upgrade is live. You won't believe it when DOOM is running on a Blockchain
Also buying into DOT at these levels. It's bled a lot compared to others and still has one of the best tech/dev communities out there. Also 2.0 upgrades and JAM coming. Setup looks nice price wise
DOT has given up pretty much all of its election pump, is still one of the best tech/developer communities in crypto, and has massive upgrades coming with 2.0 and JAM. Love the project and have been waiting, reentered at these levels
150k, just dont start comoaring tech, dot blows eth out of the water, JAM isnt even out yet, its the mother of all updates, even viralik loves it, i dont wanna argue anyway, just read the jam grey paper, good luck
DOT is king of web 3 bruh and is doin something cery unique in the space with JAM, even btc og amir taaki is into it, eth devs recently copied dot tech for their roadmap and were called out on twitter lol, i mean gavin woods made eth happen. I dont give a shit about eth it can max 3x and has been around much longer, dot has much more room for return, look up mythical games they have millions of users and switched to dot and it has ne of the most devs, ur info is outdated dude
Call me crazy, but I think once polkadot comes out with JAM, they can flip Eth. Took my position away from Eth and now staking on polkadot using dotpool.io.
Yea you say this when marketing just crashed lol, It went to $12 btw. Also JAM isnt released yet
DOT was $7 when this was hyped up. It's $7 today. Never drink the kool-aid they sell you > Gavin Wood releases the JAM Gray Paper on the future of Polkadot > Polkadot is going to be huge next bull run! 🚀 👨🚀 🌙 💰 https://np.reddit.com/r/CryptoCurrency/comments/1c736be/gavin_wood_releases_the_jam_gray_paper_on_the/
Those are either copy paste or just too late to the game, im more interested in top 20 because they have more liquidity and attention. Anyway DOT is creating something extremely unique in the space with its huge JAM update, even BTC og Amir Taaki is into it, thats why to me its all fine doing ads
Personally I think DOT has the biggest potential of all in the long term, focusing on institutional adoption. Outside of all the fud, as a PhD student in computational neuroscience, the tech stack gavin wood is building on polkadot is not like anything in crypto at the moment... DOT is creating something extremely unique in the space with its huge JAM update. Already implemented improvements in DOT are agile core time and elastic waking, which are huge: Allowing developers and companies to purchase a months worth of computational power at once at a fixed cost. You can purchase more computational power as you need or sell the computational power your not using to other. Fixed costs is an absolutely critical factor for large companies, instead of having to pay Gas for every transaction they want to do (which can become extremely costly during times of high volume on chain), projects now know exactly how many computations they can do for what cost each month. Also, Asynchronous backing. Projects / parachains can now submit blocks independently which drastically reduces latency. And their final massive upgrade coming Is JAM (joint accumulation machine). Which will essentially solve the issue of scaling and synchronization. Currently the larger a chain gets the less synchronized it becomes. But JAM will solve by allowing projects / Parachains to accumulate their own blocks and state chains and submit those in batches to the relay chain. This removes this constant back and forth talk between the relay chain and the Parachain for every block.This also means every single Parachain can process blocks in parallel, instead of waiting to get added to the relay chain state. This will increase throughput of the network by an ungodly amount.The estimate is several million TPS on the main chain, not a test network, not on the Parachains, but the main network itself. There is more but I will leave it here. Gavin wood the developer of etherums yellow paper, the man behind the EVM, has called Etherum his test network and he wasn’t kidding.
Would love to hear peoples reasonings. Personally I think DOT has the biggest potential of all. Outside of all the fud, as a PhD student in computational neuroscience, the tech stack gavin wood is building on polkadot is not like anything in crypto at the moment… DOT is creating something extremely unique in the space with its huge JAM update. Already implemented improvements in DOT are agile core time and elastic waking, which are huge: Allowing developers and companies to purchase a months worth of computational power at once at a fixed cost. You can purchase more computational power as you need or sell the computational power your not using to other. Fixed costs is an absolutely critical factor for large companies, instead of having to pay Gas for every transaction they want to do (which can become extremely costly during times of high volume on chain), projects now know exactly how many computations they can do for what cost each month. Also, Asynchronous backing. Projects / parachains can now submit blocks independently which drastically reduces latency. And their final massive upgrade coming Is JAM (joint accumulation machine). Which will essentially solve the issue of scaling and synchronization. Currently the larger a chain gets the less synchronized it becomes. But JAM will solve by allowing projects / Parachains to accumulate their own blocks and state chains and submit those in batches to the relay chain. This removes this constant back and forth talk between the relay chain and the Parachain for every block. This also means every single Parachain can process blocks in parallel, instead of waiting to get added to the relay chain state. This will increase throughput of the network by an ungodly amount. The estimate is several million TPS on the main chain, not a test network, not on the Parachains, but the main network itself. There is more but I will leave it here. Gavin wood the developer of etherums yellow paper, the man behind the EVM, has called Etherum his test network and he wasn’t kidding.
Drop Solana and go over to Polkadot. Get into [dotpool.io](http://dotpool.io) and start earning 16% APY with zero effort plus the potential gains from Polkadot mooning soon with JAM.
DOT will be huge if JAM is a success and more chains integrate. The data is promising for others that already have, and our developer pool is massive right now. I look at DOT as owning an army of developers. Also Gavin wood backing it is pretty big.
Read up on Polkadot JAM and why its a game changer. The tech will carry us to the moon
No, you are good to go. JAM is the big upgrade around the corner as well.
CRO, as they start implementing their newly released Roadmap in Q1. CKB, as they continue their development of BTC derivatives and lightning KSM, as Polkadot unveil JAM
CRO, as they start implementing their newly released Roadmap in Q1. CKB, as they continue their development of BTC derivatives and lightning KSM, as Polkadot unveil JAM
DOT is solid tech for sure. But adoption is very poor! It might change post the JAM update, but with Bear starting post 2nd half of 2025. It is bound to go down no matter what. So why miss out on an opportunity to sell high is my notion.
Yep the JAM update is a massive tech advancement for the crypto space as a whole. Also DOT is not a competitor to other blockchains, as an interoperability chain it can actually help other well-established chains. Check this out, really incredible to watch: https://youtu.be/npnbqnlQtoQ?si=eUgWW533sQ8Lx82G
Very bad timing to sell DOT then, considering JAM upgrade is coming next year, after DOT 2.0, which is going to be massive. Would surely suggest to keep DOT for the entire upcoming year+ long bull-run.
$JAM. Super low market cap, but available on Binance.US, Gemini, KuCoin, and more. Any new listings ought to make it skyrocket
Damn Amir Taaki is showing interest in DOT, this guy is the BTC OG genius “Excited by Polkadot’s new JAM protocol and trustless bridges. With ZK, the blockchain trilemma is solved.”
Nice to see Amir Taaki the Bitcoin OG endorsing upcoming JAM update on DOT
How is DOT performing? Compared to last cycle its been lagging behind. Howering around the bear market lows. But if BTC awakens and JAM/2.0 get some marketing, yea all time high is possible. I would actually say, if DOT dont exceed all time high this cycle, with news of JAM and 2.0 and Bitcoin in new all time high. I would not hold this coin for a another cycle. Take profits on its way up and decide. You can always buy back lower
What does “doing something” in crypto even mean? ~90% of the market is based on not doing anything. You’re here talking about a project, clearly with zero insight, just beefing due to price action from 2021. Am I right. Polkadot today actually achieved what many now see as the “endgame.” It introduced shared security and solved sharding—both data and execution, and hosting +50 chains on its cores which host dapps on them—and meantime identified its biggest pitfall: fragmentation. This is the very issue Ethereum has only started experiencing. For Polkadot it is like watching the movie that you already know how it will end. On Polkadot’s side, fragmentation is being tackled head-on with the ongoing JAM development. + 30 teams are already building clients, competing for a prize pool nearing $80-90M. Cosmos? Recognized the issue and introduced ICS and other solutions, but it is not the same when you try to patch things later on and likely to remain trapped in persistent fragmentation. The Cosmos SDK will continue as a useful tool for sovereign chains, despite its limitations. On the other side, you’ve got the integrated approach—Sui, Aptos, Solana. Sure, they will have a demand from this space for long, but this path will hit a ceiling. Vertical scaling has hard limits—in life, biology, and modern tech. And back to the reality: outside of DeFi and stablecoins, the crypto space has mostly been about running casinos. This is not Polkadot, a crypto problem that we are all in the same boat. The future? For the infra side it is about who can deliver the most flexible, accessible, high-performing systems while still staying resilient—delivering Web3 maxims.
Polkadot, DOT. They haven't been sitting still during the bear market, Polkadot has promised many upgrades and delivered on every single one of them and more during this long period of bearishness, with Ethereum co-founder Gavin Wood behind the technical wheel. To name a few big ones, the move from Parachains to Agile Coretime, Coretime Sales (using DOT, where the purchase amount is burned), Asynchronous Backing, inflation been lowered through on-chain governance and the upcoming relay-chain upgrade JAM on its way. DOT is a giant that people should atleast keep an eye on.
It’s not that strange. There’s no replacement for Bitcoin and literal nation states are starting to ape in. There are many alternatives to ETH, especially for degenerate meme coin creation. I’d also argue DOT with JAM will eventually supplant most of ETH’s use cases, possibly flipping it.
Against popular opinion I’m not going to say invest in dot but look at dot and make your own mind up Yes, it’s down 90% but they did have a 10x dilution in token supply after launch meaning everyone got 10x the tokens, thus the price dropped 10x to reflect that and it’s slowly bleed until recently. Putting that aside, if you look at the tech, it’s right up there. Have a look at its GitHub and the number of commits. Have a look at recent news. (JAM). It’s a super computer, have a look at government model and compare it to others. Have a look at staking rewards and how deflation has been recently approved.
It is a bad argument, agreed. And polkadot did do many mistakes, but they also did many correct takes, as the market is actually using their tech. Multiple new chains that are pointing to be, or are new top100, are using Substrate, built and supported by them. Even vaporware like Cardano is using their substrate stack, or new stuff like Avail, Near, Bittensor, Starknet, etc. Also, their take on how things should be scaled was correct, as it's exactly the road Ethereum is taking with rollups + restaking + sharding. But besides this, they have missed the mark on keeping teams building due to complexity of the stack. This is being tackled tho, and they are re-structuring to a new paradigm called JAM, which is kind of a mix of Solana and Ethereum l2/polkadot system if you will. It remains to be seen if it works. But to say one of there reference on tech building of the ecosystem, Parity, is something to just stay away, would be laughable by any valued developer on the ecosystem.
The game. If you can encode all the logic of Doom into an on-chain program (smart contract or runtime logic) and allow validators to execute the code during block validation, then yes, it could run. For now it is theoretic, but they want to do it so they can show DOTs capabilities. The main point however is to advertise the new update on DOT called JAM, that will allow permissionless code execution, DOT is gonna be pretty much a supercomputer. The obvious here is the cloud services potential.
Been a while since I saw a DOT shilling post on this sub lol lots of people hating on it, no surprise as the bear market was crushing price wise. DOT went down from top 4 to 18... all because of its inflation and treasury grifters, as well as the parachain failure (we better not talk about parachains). However it is soon gonna become deflationary, Plaza and JAM coming up, smart contracts and DApps on DOT, so we'll see, if everything goes well we might see a new ATH, I'm hoping for 100$ Oh, also DOT will be able to run DOOM, so that might be fun.
Ah, I get it. This will no longer be the case soon tho as Plaza and JAM will support smart contracts and DApps for dot, however that has not been the point of dot anyway. I don't believe in this being the reason why dot is suffering in price too, the sole reason it is suffering so much is inflation, which will also be fixed soon through many burn mechanisms. For example 80% of the gas fees from the future smart contracts and dapps that will be built through these new platforms will be burned, creating a deflationary pressure in DOT. Now if you tell me, what the hell took them so look to address this stuff? I absolutely agree with you, it hurt dot price wise to the point its recovery is currently doubted by many, but to that we just hodl, because dot is one of those projects with a lot of good backing and development on the background.
JAM isn't just one upgrade, it's coming in stages. First Q4 2024, then Q1 2025, then Q2-3 2025 and finally Q4 2025.
A lot have held for years. There's a great medium article that identifies the issues with inflation and price adoption. Positives are pretty evident in development, Gavin Wood actually pressing forward with upgrading with JAM after identifying a clear scaling issue with other blockchains, PEAQ going live, which is build on Polkadot, inflation being cut to 8% and decreasing. There's just a few. If you're looking for pure speculation... then by all means , you're justified in heading towards SUI, XRP, possibly SOL or BTC. But to say DOT is just negative, isn't correct.
You are upset with perceived lack of price increases. It doesn’t take a whole lot of digging to realize they never took their foot off the gas during this bear market. Look up JAM and the new roadmap they have been following for some time now.
> Dot 150x already at its peak depends how smart you were to buy in Most crypto people first found out about DOT when it was first listed on coinmarketcap at around $6. > Where did Polkadot come from?? (2020 when it suddenly popped up in the top 10 with a cheap $6 price tag) https://np.reddit.com/r/CryptoCurrency/comments/ilggg1/where_did_polkadot_come_from/ Polkadot had a governance vote passed multiplying balances by 100X and change the denomination of DOT from ~$400 to ~$4 so that it looked cheaper for dumb retail investors that would be dumped on. This is how these tech scams work. Make the token look cheap to investors, hype up the tech and founders, insiders, VCs dump on retail for free money because even at $4, it's free money or 100X profit. There is no retail investor that did 150X on DOT. If you bought at the lows, you did ~10X and had a short window to play the pump and dump. And looks like you are bagholding: > I know the feeling man, now we are here in the middle of the bullrun, but once i thought that DOT will get back to ath is very far from it, which i didnt think of would happen this way. Still have hopes, reall hope this coin actually rises and doesnt reach a shitty high of 20 https://np.reddit.com/r/polkadot_market/comments/1btizjb/is_dot_dying/ky1783k/ > Look up upcoming update JAM in regards to DOT, it blows every other coin out of the water https://np.reddit.com/r/CryptoCurrency/comments/1cz4szq/should_i_trade_in_all_my_atom_for_dot_or_should_i/l5orrsl/ > SOL DOT LINK. This is a good bag to have, these are most likely next to get an ETF https://np.reddit.com/r/CryptoCurrency/comments/1czz4bx/daily_crypto_discussion_may_25_2024_gmt0/l5k0253
The guy leading the Startale/Sony Block Solutions Labs team, Sota Watanabe, was also the head of Astar, dot's highest parachain by mcap. Sounds like they wanted him, but they or he didn't want to build on Dot/Substrate. Few do. Pain in the ass by all accts. Or maybe they didn't want to have to pay rent to Dot with upcoming switch to JAM where chains have to buy their blockspace now instead of winning an auction. yea pain in the ass. As far as Polygon they were probably just doing due diligence, maybe a conversation or two, but decided in the end OP stack was what they wanted as a development suite. Or maybe the connection to Base. or both. > The network’s technical infrastructure is expected to be based on the Superchain ecosystem platform utilizing Optimism’s OP Stack technology. “We plan to join Superchain as well,” Watanabe confirmed to Decrypt. “We would like to collaborate with Base to push this industry forward through collaboration.” Sounds like Link fell further than the other two.
Polkadots JAM update will get its own type of smart contract like ETH but with 1.7m tps, how much tps does ETH smart contracts handle?
Price at all time low compared to BTC, hyperbridge just released while many tech upgrades are coming: -Likely labelled as a software so potential ETF ✅ -burning mechanism core time sales ✅ -buy pressure for DOT from buying core time ✅ Join-Accumulate Machine (JAM) ✅ -Seamless interoperability ✅ -Fastest potential tps (1.7million)✅ -Smart contract like functionality ✅ -Chain agnostic RISC-V language ✅ -XCMP+Accords = cross chain blending all parachains ✅ -Supercomputer modular scalable from 1000 cores to infinity ♾️ ✅ -Polkadot burn and buy pressure increase with all these upgrades ✅ -Tanssi & Apillon make it easier for developers ✅ -Safrole to prevent congestion, enhancing security -Zero Knowledge Hyperbridge best bridge in the bussiness ✅ -Permissionless hosting for also WEB2 services= massive onboarding ✅ Polkadot also has problems though: -Leeches and whales draining treasury funds through manipulating the community ❌ -Many Jam upgrades likely to come out during next bear market ❌ -Many ghost parrachains ❌ -Developers are mostly building tech and not apps ❌
Lowkey feel like my DOT bag is just a stable dividend fund at this point due to all of my staking rewards and low growth. I should be down 5% but staking has me at breakeven so I guess I’ll just keep it where it is (less than 10% of portfolio). JAM + Agile Coretime COMING in the future is intriguing to say the least.
Look up upcoming update JAM in regards to DOT, it blows every other coin out of the water
DOT has actually bottomed out and is still a good buy, I own 1,100 DOT at an average cost of $3.50. Definitely don’t think it’s last bullrun’s news with JAM and Polkadot 2.0, must not be paying attention.
u/Mandrik [mentioned](https://x.com/Mandrik/status/1786085922674561071) JAM (as a better solution) yesterday. I have next to zero knowledge about it, just thought I'd let you know.
The US Gov't jailed the guys behind Samourai (Whirlpool and Ronin Dojo), so the best option is JAM (Joinmarket), there's no team offering a service and pocketing the fees, nor there's a bunch of kids running the service while openly withholding Russian Oligarchs and at the same time asking for investment rounds from US citizens.
Polkadot 2.0 and the JAM protocol. You need to do more research on it.
> DOT is literally saying they are copying Ethereum yesterday. No , you are saying that . word for word this is your reductive conclusion as you argue in bad faith. The actual statement from the announcement : > The new system would replace the Relay Chain with a more modular and lightweight design: a "global singleton permissionless object environment," similar to Ethereum's smart contract environment but within a scalable node network like Polkadot. your statement is shallow , reductive doesn’t align with the project tech stack that JAM will implement. I’m done arguing with you . feel free to have the last word. Anyone reading this thread in the future will be able to make up their own judgement on the matter .
> similar to Ethereum's smart contract environment but within a scalable node network like Polkadot. Exactly. They are laying the ground for a better architecture. Since polkadot is already layer zero and secures the network implementation of smart contracts while retaining a scalable modular network is what’s sets it apart . You mentioned third party teams developing layer zero on ETH to help bring all L2s seamlessly . Apart for the fact that this sounds a lot like trying to scale like Polkadot does , in practice this adds complexity to an already complex ecosystem of dapps and chains that are not communicating with each other from the onset on ETH. And this is why all attempts at scaling on Ethereum appear as patch work because it was not build in modular , layer zero approach first . This is again what sets Polkadot apart . It is build from the get go to scale . Adding a smart contract layer to the existing layer zero will be seamless and not rely on dozens of third parties and teams . The relay chain will merge with the Jam architecture seamlessly while retaining the DOT token utility to service all chains and services on JAM .
tldr; At Token2049 in Dubai, Polkadot co-founder Gavin Wood introduced the Join-Accumulate Machine (JAM), a major revision for the Polkadot network. JAM aims to replace the Relay Chain with a more modular, lightweight design to enhance on-chain processing and logic execution. This upgrade could improve scalability and performance, allowing for a broader range of decentralized applications. To promote this transition, the Web3 Foundation announced a 10 million DOT incentive for developers to adopt JAM. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
"ICP already does this" what exactly? JAM introduces a lot of things lol. Such a vague comment.
Why not? you can invest into ecosystem securing a system. Also, new JAM chain will allow to launch secure applications directly to polkadot cores. This is a similar usecase than eth. And you will also be able to rent secure blockspace for rollups/parachains.
That was super informative thanks. I liked how they reviewed top chains and considered the problems they have. A promised 1.7m TPS is the biggest theoretical throughput I've seen. When JAM goes live Polkadot might have the best tech in the space. Can anyone rival this?
Can you enlighten me on why this new protocol is so important? What problem does it solve? What are the potential use cases? Will this be a catalyst to propel DOT forward, or will there be a JAM token?
Gavin Wood has released a 'JAM Gray Paper' about the future direction of Polkadot - which is apparently a Polkadot / Ethereum mashup of sorts https://twitter.com/gavofyork/status/1780897336857698418
Geojam ($JAM) It’s on Gemini. That’s how I found it, I’ve had a few from there get huuge when they went to Coinbase or Binance. It’s on Gemini, Binance US, and others. Social media token, celebrity endorsements, trying to be the next Tik Tok. Could have a chance if tik tok gets banned. No clue if it’ll pan out but I’m heavily invested just in case, I think the low market cap and availability on some exchanges makes it a solid gamble
which is an anagram of JAM UP THE PUMP
Thanks so much, Binance, for protecting us from bad things like Monero! We will safely trade in DOGE, SHIB, FLOKI, SLP, JAM, and other fine tokens that have more successfully met your exacting standards. --Your Grateful Fans
tldr; Tune.FM, a Web3 music platform, has raised $20 million from LDA Capital to support artists in earning more from their music. The platform uses Hedera Hashgraph's blockchain for micropayments in JAM tokens and for minting NFTs. Tune.FM aims to disrupt current streaming services by offering artists up to 90% of streaming revenue, challenging the traditional model where large corporations dominate profits. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
/r/JoinMarket is the oldest, largest JAM is its GUI nowadays
You could check $JAM https://tune.fm Perfect for rising/independent artists.
As someone in IT that works with data visualization (Splunk is my fucking JAM) — I love to see this stuff, OP — well done!
[PUMP up the JAM](https://www.youtube.com/watch?v=9EcjWd-O4jI) \*unce unce unce unce unce unce unce...\*
I’m in $JAM, it’s on Gemini with a 4.4M market cap if you’re exploring more. It’s trying to be the next snapchat, they have an app though it’s still kinda in its early stages. Will look into these as well.
Looking for the PB liquidity pair for JAM.
I don't know but GEOJAM is unique by having face time or spending real time with celeberties. You earn JAM tokens and then vote or stake to win real interactions with artists