Crypto NewsPolkadot (DOT)

Parachains are now live on Polkadot: The first blocks are being produced

                                                            Polkadot hat die Einführung der ersten Parachains angekündigt, einer Reihe einzelner Blockchains, die innerhalb seines Ökosystems parallel laufen werden, wie das Projekt in einer Pressemitteilung mitteilte <em>CryptoKartoffel</em> am Samstag.

This is what awaits you in this article

Polkadots first batch of Parachains

According to the official announcement, slots will be different for the first parachains Blockchain-Assigned to projects built on the Polkadot network and focused on different niches. This includes decentralized financing (DeFi), Cryptocurrency investments and loans, and smart contracting.

The first Parachains to rent a slot on Polkadots Relay Chain for up to 96 weeks are Acala, Moonbeam, Parallel Finance, Astar and Clover.

In particular, Polkadot believes that as its ecosystem continues to grow due to increased interest in the Metaverse, more logs will become visible, leading to a shift from running on a single blockchain to interconnected chains.

A multichain framework

The development takes place five years after the publication of the vision of a heterogeneous multichain framework in the Polkadot whitepaper.

the Parachain from Polkadot is an important achievement in the achievement Ethereum the vision of co-founder Dr. Gavin Wood for a connected blockchain framework.

“No single blockchain design works optimally for every application. Every chain has tradeoffs that make it suitable for some uses and not for others. The Parachain model was developed with the belief that the future of Web 3 will have many different types of blockchains working together, ”said Dr. Wood.

He added that blockchains need to adopt the concept of the internet to address different needs by providing a variety of services, and he believes that parachains are capable of providing such a solution.

Polkadot to assign 100 parachain slots

Polkadot will ultimately assign 100 parachain slots in batches to various blockchain projects built on its network in the coming months.

While the first batch of Parachain slots were allocated through an auction process, Polkadot said not all slots are allocated through a similar process.

However, it has started preparations for the second batch of the Parachain auction process, which will begin on December 23, 2021 and will include a total of six auctions.

According to Polkadot, the six winning projects will start on March 11, 2022 on its main network.

Parachains already on polkadots Kusama

It is worth noting that the Parachains ran successfully on Polkadot’s Canarian network Kusama with 13 slots allocated so far.

While KILT Protocol won the sixth Parachain slot as reported, Composable Finance was declared the winner of the 12th Parachain auction in Kusama.

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Source: Crypto News Deutsch

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