Polkadot Passes Proposal #1143, Transitioning from Slot Auction Mechanism to AgileCoretime Mechanism
According to Golden Finance, the Polkadot community has approved Proposal #1143, transitioning from the previous slot auction mechanism to the Agile Coretime mechanism. Agile Coretime is a new parallel chain resource allocation mechanism. Unlike slot auctions, it allows projects to rent network computing resources (Coretime) through a sale, simplifying the allocation process, increasing flexibility, and eliminating the high costs and uncertainty associated with the auction model.
In addition, the community has voted in favor of the detailed plan for Coretime sales in the latest proposal #1161, including setting initial prices and sales parameters.