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Parity Technologies Releases Substrate 2.0 to Build Custom, Scalable Blockchains Interoperable with Polkadot

Substrate has achieved a major milestone; the blockchain framework has released version 2.0, which is also compatible with Polkadot, which, along with Kusama, is already running the latest version.

Polkadot (DOT), built on Substrate, is currently the 6th largest cryptocurrency with a market cap of $3.74 billion, currently trading at $4.40.

Polkadot blockchain developer, Parity Technologies announced the launch of the second version of its blockchain building kit on Wednesday. This blockchain framework basically allows you to create and customize the blockchain “precisely” for your application or business. The new release provides the developers with additional tools to do just that.

With an aim to develop a Web 3.0, Substrate acts as a tooling kit for developers making their own blockchains that are interoperable with Ethereum’s co-founder Gavin Woods’ Polkadot.

The new release comes with 70 composable “modules” called “pallets” to play with various design ideas. These pallets, which can be developed using FRAME, help add basic and extended functionality.

“Substrate 2.0 comes with many new pallets that will help you quickly and easily build and deploy your blockchain runtime with the right properties for you and your network.”

Version 2.0 also includes modules for getting off-chain data on the blockchain. This new feature called off-chain workers communicates with the main chain to keep all network participants up to date and remove the massive data sets and intensive processes. Parity states,

“Substrate 2.0 comes with a suite of pallets to make data integration much more efficient for blockchains that depend on existing and/or real-world data.”

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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