The Polkadot ecosystem is one of the most active networks in the blockchain space. Over the last week, several developments took place in its ecosystem. Firstly,
Parachains News (Latest Publications)
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.
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 has won the 21st Kusama parachain auction and will now be onboarded as the 23rd Kusama parachain.
NFT platform Efinity has secured the sixth Polkadot parachain slot as it has won the sixth 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 has secured the fourth parachain on Polkadot after winning the fourth parachain auction.
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 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.
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 now be onboarded as Kusama’s 13th parachain at the start of the next lease period as it has won the 12th parachain auction.
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