Polkadot greenlights $65 million fund for JAM architecture

The Polkadot (CRYPTO:DOT) community has approved a substantial $65 million development fund aimed at advancing the Join-Accumulate Machine (JAM) architecture.

This upgrade is designed to significantly enhance scalability and flexibility within blockchain applications across the Polkadot network.

The initiative, supported by the Web3 Foundation, includes a prize pool to incentivise the creation of diverse JAM implementations, fostering decentralised innovation and growth.

Despite a current bearish trend in DOT price, technical analysis suggests a potential bullish reversal with a falling wedge pattern formation on the charts.