What is Polkadot 2.0?

The Polkadot network has grown significantly over the past couple of years due to its unique utilitarian features. And now, a new vision for the network's future, which we can call Polkadot 2.0, has been laid out. Initially announced in June 2023 by Polkadot founder Gavin Wood, the new network will change the way Polkadot assigns its resources.

What's new in Polkadot?

This new feature reduces block time by half, from 12 to just 6 seconds, enabling parallel transaction validation and block production and delivering up to 10x higher throughput for Polkadot's parachain consensus protocol.

Why do Polkadot tokens need to be sold?

That’s because projects will need DOT tokens to acquire coretime. Additionally, DOT — the native token of the Polkadot network and the primary token for settling network fees — could benefit from increased demand, subsequently driving up its value. To benefit holders and boost DOT value, entities with surplus coretime may sell it.