TechFlow reports, citing The Defiant, that Fabian Gompf, the newly appointed CEO of Web3 Foundation—the development body behind Polkadot—said in an interview that Polkadot is about to undergo a major transformation. Polkadot will abandon its parachain slot auctions and instead adopt a new mechanism allowing application developers to rent blockspace on demand. Polkadot's parachain system "will fundamentally change by the end of this year or early next year."
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