How Polkadot’s Interoperable System is Created Through Parachains
One of the central problems that affronted many of the earliest blockchain ecosystems was a lack of interoperability, with isolated chains having less utility and creating problems when data needed to be transferred between them. This problem persisted for much of blockchain’s early history, until the creation of protocol systems that sought to tackle interoperability. […]
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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....
There is now a clear path to finally using Polkadot, but issues with the testnet suggest there may be delays. The Polkadot project released a detailed roadmap on Monday for the highly anticipated rollout of parachains and slot auctions, which should mark the full launch of the protocol.The roadmap is divided into three main stages. The current phase is the Rococo testnet environment, where developers can test mechanisms to communicate between various Polkadot parachains, its analog of shards. The platform uses a mechanism called Cross-Chain Message Passing-lite, or XCMP-lite, to allow....
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’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 […]
The parachain slot auctions are the next big milestone due on the Polkadot roadmap. So, what can we expect? Polkadot’s parachain auctions will mark the most significant milestone on its roadmap since the mainnet launch in 2020. Currently in the testnet on the Rococo network, the next stage of the launch will involve the rollout of parachains on Polkadot’s crazy cousin, the “canary network” Kusama. The rollout of Polkadot parachains on the main network will follow. What does this mean? The Polkadot mainnet has officially been in live operation for nearly a year now. However, only the....