Home CryptoCurrency News Polkadot Network is Closing in for Launching Parachain Functionality

Polkadot Network is Closing in for Launching Parachain Functionality

Polkadot Network is closing in to launch much-awaited parachain functionality. Kusama, the canary network of Polkadot, is ready for the rollout of parachains on the network.

In a blog post on Monday, May 17th, Polkadot and Kusama creator Gavin Wood explained the process of rolling out parachain on the network. According to the blog post, 4 phases of Polkadot launch is complete and phase five, the final phase in the launch of Polkadot is beginning.

Last week, Parity Technologies, the core team behind the development of Polkadot blockchain, release the latest Polkadot version 0.9. Parachain functionality will first be launched on Kusama Network. According to Gavin Wood, Polkadot version 0.9 also includes the requisite logic for deploying parachains to the network.

The latest release also includes the “final logic for running parachain slot auctions and logic for crowd loans which can be used to crowd-fund the auction bids.” With that, Kusama “is finally ready to host parachains.”

But the parachain launch will not begin immediately. Wood explained:

“Polkadot’s parachains launch is expected to begin once two things have happened: firstly, a full external audit should be completed on all new logic. Secondly, the Kusama canary network should have demonstrated that the new logic works in the wild by executing at least one successful auction involving crowd loans and hosting at least one functional parachain.”

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Wood did not give the exact time for the launch of parachains but said that the audit road to getting everything started on Kusama had already begun. This will be three step process. First, a Shell parachain, an empty chain with no functionality beyond upgradeable, will be deployed on Kusama.

If the Shell parachain runs smoothly for 24 hours, governance will vote to upgrade the Shell parachain to become the Statemine parachain, the Kusama instance of Polkadot’s Statemint parachain, that will be a “common-good chain which allows the hosting of arbitrary assets, both fungible and non-fungible.” In the third step, Kusama will being the auctions if the Statemine parachain works properly.

According to the blog post, much of KSM tokens are locked in Kusama’s staking system and cannot be moved without seven days’ notice. Therefore, Kusama website will announce the auction date one week in advance. Initially, there are five planned Kusama parachain auctions, each seven days apart.

Further auctions will follow if no major issue blocks the path. Gavin Wood concluded:

“After Kusama’s first auctions complete successfully, one would expect Polkadot’s auctions to happen soon after. When the final parameters of auctions have been determined, they will be published alongside the auction schedule.”

Polkadot Network started the evaluation of its parachain functionality with launch of Rococo test back in August of 2020. Some expected the rollout of parachains to occur in the first quarter of 2021, but was delayed due to problems with the Rococo testnet’s stability.


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Atiq Ur Rehman
Electronics Engineer with a passion to write about Disrupting Technologies like Blockchain. He joined Crypto-Economy in July 2019.
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