Polkadot parachains full of promise, but lack of launch date raises concern
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....
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As the launch date for parachains nears, a new initiative is constructing a decentralized finance (defi) index token that tracks Polkadot projects aimed at helping investors diversify their holdings through a single instrument. Six Projects Provide Soft Commitments to Join Polkadot Index Network Token The growing interest in Polkadot and its novel parachains has seen the blockchain’s native token become the source of frenzied speculation over the last few months, joining the list of the top ten cryptocurrencies by market capitalization. Now, with approaching parachain launches for....
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....
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 launch of parachain shards on Polkadot will also mean the release of Tether on the network. Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network.Tether is the oldest stablecoin to reach significant adoption and it has recently surpassed $40 billion in circulating supply. Though there have been concerns in the past as for its reserve status, the company recently committed and followed through with periodic....
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....