Polkadot marks calendar after it releases parachain auction schedule

0
5

Polkadot is in the news today after founders Gavin Wood and Robert Habermeier announced Polkadot’s first parachain auctions. This comes following unanimous approval from the blockchain’s on-chain governance council members.

The news marks a landmark achievement as it fulfills the final core technical element of the whitepaper published five years ago. Web3 Foundation member Joe Petrowski shared the proposal on Polkadot’s community governance discussion platform, polkassembly.io.

According to the blog post, there will be 11 parachain auctions divided into two batches. The first Polkadot parachain auction of the initial batch is scheduled for 11 November 2021. It will continue at a rate of one per week for five consecutive weeks until the final auction on 9 December 2021.

Why is this so important?

Parachains are diverse, specialized blockchains that connect to the Polkadot Relay Chain and constitute the “multichain” aspect of Polkadot’s groundbreaking multi-chain architecture. What’s more, this launch of parachains will initiate the final stage in the project’s long launch roadmap.



Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here