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What is Instantaneous Coretime?

Previously referred to as "Parathreads" or "Pay-as-you-go Parachains," Instantaneous Coretime is sold on the Relay Chain immediately prior to its usage on a block-by-block basis. It allows for the immediate allocation of core resources for Tasks without the need to pre-schedule or participate in the periodic Bulk Coretime sales. Instantaneous Coretime credits are non-transferable and non-refundable, only usable for immediate core allocation.