#DOT Asset Hub is the "asset hub" in the Polkadot ecosystem - it carries the creation, management, and cross-chain transfer functions of all fungible and non-fungible assets within the ecosystem.


In simple terms, Asset Hub is the "token factory" and "asset settlement layer" of the entire Polkadot multi-chain system. Any parachain or application can register assets here, conduct transfers, or interoperate with other chains.
In the past, Asset Hub operated under the old parallel chain architecture. This migration is a comprehensive upgrade - Polkadot is migrating Asset Hub to the new Agile Coretime model and improved system architecture, laying the foundation for future smart contracts and cross-chain economy.
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