Polkadot r Parachain Launch
Parachains are a variety of specialized blockchains that connect to Polkadot's backhaul chain and constitute the “multi-chain” aspect of Polkadot's groundbreaking multi-chain architecture. They include the latest piece of technology outlined in the Polkadot documentation, and their launch marks the final milestone in Polkadot's multi-stage launch process, which began on May 26, 2020 with the launch of the initial verification version. Relay circuit Polkadot.
In addition, parachains have already successfully operated in Kusam, Polkadot's canary network, since Statemine launched on June 3, 2021. Since then, 11 parachain slot auctions have been successfully held on Kusam, for a total of 12 live parachains. These parachain teams performed several “hopeless” network upgrades and processed several million transactions. Combined with the parachain auctions in Kusam, over 2.4 million KSM have been crowdfunded from over 49,000 unique addresses, indicating significant community involvement in the parachain launch process. The fact that such activity has been going on at Kusam for over four months without significant issues is an important factor when considering parachains ready to launch on Polkadot.
Polkadot unlocks a huge amount of tokens for participation in parachain auctions
Statistics show that from January 24 to February 20, over 55 million DOTs will be unlocked from staking across the entire network - a specific amount of 55,562,626.19.
Projects Announcing Parachain Bidding Plan
Karura - Acala pioneer network
decentralized financial center and stable currency on Kusama
Karura announced the Paradrop plan, meaning that if Karura manages to secure the Kusama Parachain slot, those who block KSM to help Karura place a bet on the slot will receive KAR tokens in return.
The exact amount of the airdrop has not yet been determined, but an approximate amount will be announced shortly.
exemplary auction participants
Who will you vote for?
Best regards Crypto Generation