Gavin Wood: Polkadot will usher in 5 important technological breakthroughs in 2024

Polkadot founder Gavin Wood outlined the technology development blueprint for 2024 in his annual review. Wood pointed out that the new year will be very busy for Polkadot, with four important infrastructure projects expected, including Agile Coretime, On-Demand Parachains, Ethereum Snowbridge, and Kusama bridging. In addition, Elastic Scaling technology is expected to emerge in 2024 as the fifth major technological breakthrough.

Wood also stated that he looks forward to expanding Polkadot's DAO (decentralized autonomous organization) primitives, including new scholarship programs, multi-asset sub-treasuries, expanded XCM, and some exciting new primitives under development. Polkadot's new non-forking block generation consensus algorithm, Sassafras, has also taken shape and is expected to be used on the testnet starting in 2024. Parity Labs is also developing multiple new technologies, including a recent RFC (closed, currently undergoing significant iteration in the prototype stage) called CoreJam, which may provide some clues about the direction of technological development.