Polkadot 2.0 Blockspace As A Service (BaaS) is expected to be launched in the second quarter of 2024. The main change in 2.0 is the shift from parachain slot auctions to Coretime leasing. Lastic will provide a marketplace for buying and selling block space.
Polkadot's core time leasing provides a different resource management method - selling block space in batches or instantly: 1. Batch core time leasing provides stable and predictable resource allocation, and the block space will be on a continuous 28-day cycle Purchased, unused block space can be sold as NFT in time slices. 2. Instant core time leasing provides on-demand block space. Small projects, medium-sized projects, DApps, smart contracts and traditional enterprises can purchase the amount of block space that suits their needs. Initially, the price of BaaS will be cheaper, but then the price will naturally adapt to current demand. This is a market that everyone can participate in. This new model is currently being tested on the Rococo testnet (Q4 2023) and will be live on Kusama (Q1 2024) and Polkadot (Q2 2024) shortly.
Lastic has begun developing the core time market. Lastic is currently designing a static model with simulated data and showing user interaction behavior on the future core time chain. Lastic won a grant in the Web3 Foundation's Round 19 Grant program with the primary goal of developing a user interface designed specifically for the Polkadot BaaS. (PolkaWorld)