Polkadot officially launched 2 elastic scaling through referendum 1721

ChainCatcher news, according to official information, the Polkadot (波卡) referendum 1721 has passed, marking the project's official entry into Phase 2.

This upgrade cancels the parachain slot auctions, initiates elastic scaling, lowers the entry barrier for developers, and plans to be compatible with the EVM environment, enhance liquidity, and reduce high staking rewards. The annual inflation rate of DOT is expected to drop to 3.1% by 2026. The Polkadot Hub and related liquidity plans are expected to launch in 2026.