Web3 Foundation launches $65 million prize pool for Polkadot JAM upgrade

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The Web3 Foundation has launched a prize pool of 10 million DOT tokens, equivalent to approximately $65 million, to support the implementation of the highly anticipated Join-Accumulate Machine (JAM) upgrade to the Polkadot’s ecosystem.

On May 27, Polkadot’s founder, Gavin Wood, revealed that the project’s community had ratified the proposed upgrade with a near-unanimous governance vote.

JAM Implementers’ Prize

The Foundation said its initiative aims to foster innovation and enhance the Polkadot ecosystem through diverse implementations of the JAM protocol, thereby increasing the network resilience.

The prize encourages the creation of JAM implementations in various programming languages, including OCaml, Go, and Zig.

To qualify, participants must meet specific milestones such as importing and producing blocks, achieving performance standards on Kusama and Polkadot, and passing security audits.

The initiative is designed to…

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