Polymesh(POLYX) Polymesh V7 on Mainnet

Polymesh Testnet has now been updated to 7.0, which is the next major release of Polymesh. This major release includes breaking changes for both the Polymesh chain API and associated tooling (SDK, REST API, SubQuery) which those integrating with the chain should be aware of.

FEATURE OVERVIEW

Asset ID

Polymesh no longer requires each asset to have a unique ticker. Instead, each asset is assigned a unique AssetID when created. A unique ticker can optionally be linked to the AssetId during creation or any time thereafter. This change impacts storage and APIs, as AssetID will now uniquely identify assets instead of tickers.

Staking

A more recent upstream version of the Staking pallet brings efficiency improvements and some modifications to the election process. Tokenomics and inflation are unaffected.

Keys

Optimized storage of secondary keys and their associated permissions improves the efficiency of these lookups for extrinsics. MultiSig The

MultiSig

implementation has been updated to simplify the association between MultiSigs and their Identities. It now provides flexibility in specifying which key pays for MultiSig signer transactions and consolidates the behavior of MultiSig keys with other keys.

Venue ID

Settlements in Polymesh no longer require a Venue ID, simplifying peer-to-peer transactions that don't go through an exchange or matching venue. The Mainnet update is scheduled for November 19th, 2024.

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