Polkadex Co-founder Vivek Prasannan on Parachains, Crowdloans, and Polkadot’s...
Polkadot’s parachain auctions have been one of the most hotly anticipated events in the platform’s history. After the first raft of projects battled it out during November and early December, now the auctions for slots six through eleven are underway. And one of the contenders vying for a slot is Polkadex, the order-book-based DEX built […]
Related News
On the 6th of May, Polkadot’s most recent auction round came to an end, generating over $13.8 million and bringing a new platform to the system. The winner of this auction, Polkadex, put up 973,324 DOTs across over 6000 community member donations, demonstrating the incredible community push that was behind this win. Polkadot is an interoperable blockchain ecosystem that offers high levels of security, user-driven governance, high energy efficiency, and is readily built for rapid scalability. Part of this scalability comes through its interoperable parachains, with many different blockchain....
The rollout of the Polkadot protocol has been ongoing since August, when the project launched its Rococo testnet. Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network. According to Wood, the development arm behind Polkadot, Parity Technologies, had released an upgrade — Polkadot version 0.9 — for Kusama, which “is now finally ready to host....
Polkadot co-founder Gavin Wood has suggested in a recent interview that parachains are “technologically” ready to launch on his sharded blockchain protocol Polkadot, and it is now down to the platform’s governance process to set that in motion. Parachains are highly customizable layer-1 blockchains that run in parallel on Polkadot, connected to the shared security of the layer-0 central Relay Chain, and can include their own economies and native tokens. The long-awaited parachain rollout marks the final piece of the core functionality for the project to be delivered, realizing the....
As you might already know, parachains are different individual layer-1 blockchains, running in parallel within the Polkadot ecosystem, on the Kusama network – and soon to be Polkadot as well. While they leverage the central Relay Chain to stay connected and secured, they benefit from Polkadot’s other properties, such as its security, scalability, interoperability, and governance. The uses of parachains are multiple. Taking the advantage of Polkadot’s cross-chain composability feature, any sort of data or asset can be sent between parachains. While it makes Parachains eligible to....
One of the most anticipated projects of 2021, Polkadex, announced its Initial DEX Offering in partnership with Polkastarter launchpad. A non-custodial high-frequency trading decentralized exchange Polkadex is getting ready for its upcoming IDO on Polkastarter. Polkadex is creating a superior decentralized exchange that will disrupt the current status quo of cryptocurrency trading both for professional […]