Tag: parachain

The fifth parachain slot on Polkadot’s Kusama platform has been awarded to DeFi staking protocol, Bifrost. The announcement was made by U.S. crypto exchange Kraken on July 20, 2021. It added that the auction for the fifth parachain slot ended on block 8,355,247 and Bifrost won it with a total amount of 142,431 Kusama tokens (KSM) worth an estimated $23 million bonded to...

We are excited to announce that Kraken is now supporting Karura (KAR). Deposits and withdrawals are now open. Trading will begin Tuesday, July 20, at approximately 15:30 UTC. Note: Trading is not available to residents of the USA, Canada, Australia and Japan. What is Karura?… The post Karura (KAR) Trading Starts July 20 - Deposit Now...

We are excited to announce that Shiden secured the third parachain slot on Kusama – Congratulations! Slot 3 Winner Shiden (SDN) – A smart contract platform for decentralized applications (dapps) on the Kusama network. Shiden is built to support “layer 2” solutions, which refers to… The post Shiden Wins The Third Kusama Parachain Slot...

The Kusama and Polkadot networks have a limited number of parachain slots. The network allows the parachains to acquire Kusama (KSM) for the parachain bidding via crowdloans. Recently, Crust Shadow, Shiden,...

The Kusama parachain crowdloan auction, wherein interested projects can bid to book a slot, is currently ongoing. Kusama (KSM) is well-known as a canary network of Polkadot, strategically designed to cater to the needs of designers and developers looking to test implementations and experimentations. These tests are usually very important before the official launch of these features on the mainnet. It is crucial...

Litentry seeks to solve a controversial problem of the crypto industry, which whether the community admits it or not, is necessary. It wants to connect identifiers with blockchain-based wallets in a way that instead of a third- party, the blockchain checks users' identities. With Litentry, crypto and blockchain projects could offer dedicated services as per the identity's qualified data....

Polkadot is building a blockchain ecosystem and it’s far from the ICO craze of 2017. Polkadot enables an internet where independent blockchains can communicate with each other in a secure, trust-free environment. Polkadot is t...

The Kusama and Polkadot parachain auction(s) is one of the most anticipated events of 2021. Shawn Tabrizi, a core software developer with Parity Technologies, took us through the whole process. Tabrizi explained at Polkadot Decoded that Polkadot is a Layer Zero blockchain that will connect different Layer 1 blockchains to form a connected multichain blockchain. These Layer 1 blockchains are called parachains. Polkadot...

Another astounding week in cryptocurrencies pushed the price of major digital assets through the roof last week. Ethereum certainly stole the limelight by reaching a new all-time high of $4,067. While most altcoins followed the lead of Ethereum...

Polkadot's native token, DOT, struggles to move past its resistant level, leaving investors and traders wondering as the rest of the market continues to flirt with new highs. However, this altcoin made headlines with the launch of a new investment trust and as parachain auctions were about to hit the market. Moreover, Polkadot projects continue making developments to add value to its ecosystem....

Kusama is Polkadot's canary network designed for designers and developers to run experiments and test implementations before merging any feature on the main chain. It has a lower barrier to entry and faster governance parameters compared to Polkadot. Kusama isn't a testnet. Instead, the team has built it to function...

The Polkadot network has three integral parts in its architecture: relay chain, bridges, and parachains. Parachains are Layer 1 blockchains that have their state transition function. For instance, a blockchain can be an identity chain and another can be a smart contract chain. Parachains' governance and economics define them, which then allows them to have their design and specifications....

ParaState, the project that aims to become a Polkadot parachain and extend the frontier of Ethereum with substrate framework announced an important milestone. According to the information shared with Altcoin Buzz, ParaState’s first public testnet is live. The public testnet named Plato went live on 22 March. Furthermore, the testnet warm-up period will give future ParaState users an opportunity to verify what the...

The fourth-largest crypto network, Polkadot, continues to expand in terms of partners, and the Plasma Network is the latest to team up with the project to increase throughput. Plasm Network is a multi-virtual machines scalable smart contract platform running on Polkadot. It supports Layer 2 scaling...

In a massive rally, Polkadot (DOT) has entered the ranks of top-ten cryptocurrencies by market cap leaving behind long-time giants like Litecoin (LTC) and Bitcoin Cash (BCH). At press time, the DOT price is up 40% above $11.50 with its market...

Plasm Network, a leading dApp platform built on the Parity substrate, has successfully connected to Polkadot’s Rococo V1 testnet. According to an official blog post, Plasm Network is the first-ever parachain on Rococo V1. For the uninformed, Rococo V1 is Polkadot’s first-ever public testnet parachain....

Gavin Wood, founder of Polkadot, Kusama, and Parity, discusses what he calls the "meta-protocol," Polkadot. In this episode, he talks about: his vision for Polkadot and the problems he set out to solve when conceiving it why he considers Polkadot a meta-protocol...