Parachains News
This Is What Has Happened In The Polkadot Ecosystem Over The Last Week
The Polkadot ecosystem is one of the most active networks in the blockchain space. Over the last week, several developments ...
An Unknown Parachain Wins the 27th Kusama Parachain Auction Without Crowdloan
Parachain auctions for Polkadot’s canary chain Kusama are going smoothly and for the first time, an unknown parachain wins the 27th parachain auction even without a crowdloan.
Integritee Network Wins the 21st Kusama Parachain Auction
Integritee Network has won the 21st Kusama parachain auction and will now be onboarded as the 23rd Kusama parachain.
Polkadot Parachains: NFT Platform Efinity Secures the 6th Parachain Slot
NFT platform Efinity has secured the sixth Polkadot parachain slot as it has won the sixth parachain auction.
Crust Network to Become the 21st Kusama Parachain After Wining the 19th Parachain Auction
Crust Network, a Web3.0 decentralized storage network for Metaverse, will be connected with Kusama Network as the 21st parachain as it has won the 19th parachain auction.
Parallel Finance Secures the Fourth Parachain Slot on Polkadot
Parallel Finance has secured the fourth parachain on Polkadot after winning the fourth parachain auction.
Encointer to Become a Common Good Parachain on Kusama, what it is?
Encointer, a Substrate-based project focused on digital identity and an idea called universal basic income (UBI), is going to be a common good parachain on Polkadot’s canary network Kusama.
Kusama Parachain Auctions: DeFi Protocol Genshiro Wins the 15th Auction
Kusama parachain auctions are running smoothly, and the team has announced the conclusion of the 15th auction with DeFi conglomerate Equilibrium’s sister network Genshiro as the winner.
Acala Secures the First Polkadot Parachain Slot After Winning the 1st Auction
The first Polkadot parachain auction has ended, and Acala, the DeFi hub of Polkadot, has secured the first parachain slot on Polkadot’s Relay Chain.
Composable Finance’s Canary Network Picasso Will be the 13th Kusama Parachain
Composable Finance’s canary network Picasso will now be onboarded as Kusama’s 13th parachain at the start of the next lease period as it has won the 12th parachain auction.
News about Parachains
A parachain is a parallel chain that attaches to the main network of a blockchain, operating independently of it, but taking advantage of its multiple benefits.
The main network is known as Relay Chain. Among the main benefits it confers to parachains are decentralization, security and scalability.
Polkadot’s blockchain is the pioneer in the use of this type of technology. And it has already developed an important network of parachains that have put it at the forefront of the market.
