6 Major Parachain Developments happening in 2024

Parachains are Polkadot’s ground-breaking innovation that has been enabling a wide range of enterprises to develop advanced, future-proof Layer-1 blockchains that are easily customizable for application-specific use cases. Speaking about 2023, it was a cherishing year for Parachain and the monthly active addresses saw notable growth from 104,000 to 2,00,000, and this growth was seen across all the leading Parachains.

06 Major Polkadot Parachain developments coming in 2024

1. Agile Coretime

2. On-demand Parachains

3. Elastic Scaling

4. Asynchronous Backing

5. Ethereum Snowbridge

6. Kusama Bridge