Gavin Wood Says Parachains Virtually Ready to Launch on Polkadot
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....
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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....
The first Kusama parachain auction could happen by mid-June if the council votes in favor of a recently released tentative schedule. Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time.The tentative schedule, subject to the approval of the Kusama Council and other KSM stakeholders, will see the maiden parachain auction concluded by June 17, with the bidding period continuing....
In a recent Realvision interview, the developer Gavin Wood explains how Polkadot reimagines the innovation ecosystem from the ground up. Wood also discusses how the Polkadot protocol is both similar but also different than Ethereum, the second-largest crypto asset by market valuation. Polkadot: A Bet Against Maximalism Innovation involves the pioneering and actualization of a creative new way of doing something. For famed blockchain programmer Gavin Wood, Polkadot is the platform that unlocks the potential of swifter blockchain innovation. By building a platform of platforms, or 0-layer....
Gavin Wood, founder of Ethcore, recently renamed to Parity Technologies Ltd, has published a paper presenting Polkadot, a new network that aims to provide interoperability between private and public blockchains. The concept is somewhat similar to sidechains, but sidechains “are pretty much limited to token transfers for now,” says Peter Czaban from Ethcore. On the other hand, “Polkadot handles canonicaliztion of the parachains and enables rich communication” – he added. Moreover, according to the paper, each sidechain requires its own security while Polkadot aims to provide “pooled....
The Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions. Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains. According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions, namely, Acala, Moonbeam, Parallel Finance, Astar, and Clover. With individual blockchains running in parallel within the Polkadot ecosystem,....