Polkadot Co-Founder Proposes Join-Accumulate Machine Protocol to Replace Relay Chain

Polkadot co-founder Gavin Wood has introduced a graypaper outlining the Join-Accumulate Machine (JAM) protocol, which would replace Polkadot's Relay Chain with a more modular design. JAM would incorporate a parachains service that can run existing parachains built on the Substrate blockchain framework. The Web3 Foundation has announced the JAM Implementer's Prize, a 10 million DOT prize pool aimed at fostering diversity in the development of the JAM protocol. Decentralized community-driven funding protocol Polimec has revealed the first wave of projects set to raise funds on the platform, including Polkadot development platform Apillon and investigations DAO gotEM.