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.
Kusama parachain auctions for the third batch of 24 parachains has commenced on Monday, October 25, after two days of delay.
Polkadot and its canary network Kusama is now moving forward quickly to unleash its full potential as the next phase ...
After Kusama, the main Polkadot chain is now all set to host the first parachain on its Relay Chain as the team has announced that the much-awaited Polkadot parachain auctions would begin on November 11, 2021.
Altair Network has joined the Kusama Network as the 10th parachain as it was announced the winner of 9th parachain slot auction.
Basilisk Finance is now the 8th external parachain on Polkadot’s sister network Kusama as it has won the 8th parachain slot auction.
Calamari Network has become the seventh real-world parachain on Polkadot’s canary network after winning the seventh Kusama parachain auction.
dTrade, a decentralized exchange (DEX) for perpetual swaps and options powered by Substrate SDK, is building its DeFi derivative protocol on Moonbeam Network, a Polkadot parachain for Ethereum-compatible smart contracts, to bring derivative trading on Polkadot.
Polkadot Network is steadily moving towards launching the much-awaited parachain functionality as the first round of parachain slot auction for its sister network Kusama has ended.
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.