Polkadot, a prominent blockchain project, is gearing up for a significant overhaul of its Relay Chain protocol. In preparation for this update, the network has recently implemented the Asynchronous Backing upgrade, which optimizes the verification process for Parachain blocks. This enhancement is expected to double the speed of block production and increase block space availability by 6-10 times, paving the way for supporting large-scale platforms like Mythical Games.

The Polkadot ecosystem, known for its innovative sub-blockchain networks or parachains, will see increased block space usage with this update. Asynchronous Backing is projected to boost efficiency by 8 times, enabling the network to achieve targeted scalability without compromising security. This upgrade is crucial for supporting Web3 applications in areas like gaming and decentralized finance (DeFi).

Polkadot has been driving enterprise adoption through developer-focused innovations. The recent update has contributed to the growth of DOT, the native token, with an 11.09% increase over the past week. The network is listed on top cryptocurrency exchanges and remains among the most active blockchains in the sector due to ongoing development work.

The Asynchronous Backing update is one of three major technology stacks paving the way for Polkadot 2.0. The community is now focused on the "Elastic Scaling" and "Agile Coretime" updates, which aim to bring additional benefits and performance enhancements to the Polkadot ecosystem.