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Key Points
Polkadot has completed its transformation to version 2.0, with the final elastic scaling upgrade launching less than a week ago. This upgrade allows Polkadot to function like a decentralized version of Amazon Web Services, providing pay-as-you-go computing power without corporate control.
Since the launch of its upgrades in 2022, Polkadot has introduced three core updates: Agile Coretime, Async Backing, and Elastic Scaling. Despite its technical improvements that enhance speed and flexibility, Polkadot is currently viewed as significantly undervalued in the cryptocurrency market.
The crypto market is experiencing a downturn, yet institutional interest is increasing due to supportive government policies and anticipated ETF developments. Polkadot’s advancements position it as a promising investment in the evolving Web3 space.
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