Gavin Wood, the founder of Polkadot, has released a grey paper outlining the initial JAM specification, aiming to explore the future proposals of Polkadot. The JAM specification combines elements from both Polkadot and Ethereum, providing a globally permissionless object environment that incorporates secure off-chain computation and can run in parallel on a scalable network of nodes. JAM introduces a decentralized hybrid system, building smart contract functionality primarily driven by Polkadot's underlying architecture. JAM is permissionless, allowing anyone to deploy code as a service and pay for resources by purchasing and allocating CORE-TIME to guide code execution. Additionally, a CORECHAINS service compatible with Polkadot has been envisioned.

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News from TechFlow: Gavin Wood, the founder of Polkadot, has released the initial Jam specification in the gray paper, discussing the content of future proposals for Polkadot.
The gray paper defines Jam, which combines elements of Polkadot and Ethereum, providing a globally permissionless object environment and incorporating secure off-chain computation to run in parallel on a scalable node network.
Jam introduces a decentralized hybrid system and builds smart contract functionality, primarily driven by Polkadot's underlying architecture.
Jam is permissionless, allowing anyone to deploy code as a service and pay fees based on resources, guiding code execution through the purchase and allocation of core-time.
They also envision a CoreChains service compatible with Polkadot.
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Gavin Wood Releases JAM Specification Grey Paper, Discussing Future Proposals for Polkadot