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Bill Laboon, the Education and Grants Lead at Web3 Foundation (W3F), has shared an exciting announcement with the participants of the cryptocurrency world regarding the Polkadot network. In a recent statement on the X platform, Laboon revealed that the highly anticipated 1.1.0 Version of the Polkadot node software has been officially released and is now a medium-priority upgrade.
The Future of Polkadot (DOT)
The release of Polkadot 1.1.0 came with significant changes and updates aimed at improving the overall performance and usability of the network. One of the most notable changes in this release was the consolidation of multiple repositories into a single monorepo known as “polkadot-sdk.”
In previous versions of the Proof-of-Stake network, the development substrate was distributed across three separate repositories: substrate, polkadot, and cumulus. Each of these repositories had its own focus and responsibilities within the ecosystem.
With the release of Version 1.1.0, these three repositories have been consolidated into a single monorepo called polkadot-sdk. This consolidation will make the development process easier, allowing developers to manage and contribute to the codebase more effectively. It will also simplify the deployment and maintenance of the Polkadot network. The transition to a monorepo seems to offer various advantages, such as better code organization, improved collaboration among developers, and easier management of dependencies.
Another significant aspect of Version 1.1.0 is its compatibility with specific versions of the Rust programming language compiler (rustc). Ensuring compatibility with the correct Rust compiler version could be crucial for maintaining the stability and reliability of the Polkadot software.
Polkadot Staking Milestone
Meanwhile, Polkadot has excitingly announced that its Staking Dashboard has surpassed 1 million page visits at the prestigious TOKEN2049 event held annually in Singapore. This achievement highlights the increasing interest and participation within the Polkadot community, showcasing the platform’s importance in the Web3 ecosystem.
The Staking Dashboard, which is a critical tool for protocol users, provides vital information about the network’s staking activities. Stakeholding, a critical component of Polkadot’s security and governance, allows token holders to actively participate in securing the network while earning incentives. The popularity of the dashboard among users indicates the growing interest in staking within the network and the increased participation of users.