Tag: parachains

Aug 29 2022

Kylin network wins parachain auction 25 on Polkadot

Aug 29 2022 Published at CryptoSlate under tags  avalanche kylin parachains polkadot

Kylin network (KYL) has emerged winner of the latest parachain auction 25 on Polkadot (DOT). According to a blog post, the data management platform said the win represents a "significant milestone in its journey to build the data framework for all...

Aug 15 2022

Acala submits governance proposal to burn $1.28B aUSD following investigation of exploit

Aug 15 2022 Published at CryptoSlate under tags  hacks outage parachains stablecoins

Polkadot ecosystem's stablecoin Acala ($aUSD) suffered an exploit over the weekend that led to a malicious actor minting $1.2 billion out of thin air. The Acala team "paused" operations via an emergency governance proposal to investigate the issue. On August 15, a governance proposal was submitted to "effectively burn" $1.288 billion aUSD...

Aug 10 2022

Astar Network and Acala Announce Partnership in a Major Boost to DeFi on Polkadot

Aug 10 2022 Published at Crypto Briefing under tags  dapp parachains press release

Polkadots innovation hub Astar Network is thrilled to announce a partnership with the leading DeFi network Acala to supercharge DeFi on Polkadot. The two leading parachains have come together to...

Apr 29 2022

Subsocial, a Kusama-based platform reimagining social networks for the Web3 era

Subsocial is an open platform that allows anyone to launch their own decentralized social networks and marketplaces. Based on Kusama, Polkadot's canary chain, Subsocial enables developers to create decentralized versions of the social networks we're used to while making them censorship-resistant and completely customizable....

Apr 28 2022

Moonriver to unlock 1.1M KSM in May as leasing period comes to an end

Apr 28 2022 Published at CryptoSlate under tags  altcoins crowdloans parachains

The Moonriver team has announced the Big Unlock event, where it will unlock 1.1 million Kusama (KSM) that was locked in the first batch of parachain crowd loans. The funds will be unlocked "around May 15," when the lease period is expected to end....

Mar 31 2022

Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana

Mar 31 2022 Published at CryptoSlate under tags  acala avalanche bridge defi ethereum

Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the...

Mar 11 2022

“Wen Ford Focus?” How one of the Kylin community members might get a new car

Mar 11 2022 Published at CryptoSlate under tags  defi dot ksm kyl parachains

A provocative reply by one of the Kylin community members to the project’s Twitter post that celebrated a recent milestone prompted the network to start a challenge in which one lucky individual is expected to win a car. Designed to provide the data infrastructure for the future DeFi and Web 3 powered by...

Feb 23 2022

Aventus allies with Scytale in a bid to win a Polkadot parachain slot

Feb 23 2022 Published at CryptoSlate under tags  altcoins dot parachains

Aventus Network (AvN) recently announced teaming up with Scytale Ventures, a blockchain venture capital firm that will help the Layer 2 solution reach its goal of becoming a Polkadot parachain....

Feb 18 2022

Kylin’s Network canary parachain Pichiu is gearing up to secure its slot on Kusama

Feb 18 2022 Published at CryptoSlate under tags  parachains

Just like Kylin Network is poised to bring a cross-chain platform that would power the data economy on Polkadot, it’s canary parachain, Pichiu, would do the same, only sooner–on Kusama. Initially, Kylin aimed to launch directly on Polkadot, but the growing adoption of Kusama led the team to adjust its...

Feb 10 2022

True benefits of Polkadot’s Parachain concept are about to be revealed, taunts DFG Founder James Wo

Feb 10 2022 Published at CryptoSlate under tags  adoption interview parachains people

CryptoSlate caught up with James Wo, the Founder and CEO of Digital Finance Group (DFG), to talk about interesting developments that are about to unravel in the budding ecosystem between the two sister blockchains–Polkadot and Kusama. DFG focuses on blockchain equity and token investment, with a...

Jan 14 2022

Vitalik Buterin on why cross-chain bridges will not be a part of the multi-chain future

Jan 14 2022 Published at CryptoSlate under tags  defi parachains

In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future. My argument for why the future will be *multi-chain*, but it will not be *cross-chain*: there are fundamental limits to the security of bridges that hop across multiple...

Jan 11 2022

Ethereum-compatible smart contract parachain Moonbeam is live on Polkadot

Jan 11 2022 Published at CryptoSlate under tags  dot eth ksm movr parachains

The day of the long-awaited launch has dawned, as Moonbeam, an Ethereum- compatible smart contract parachain, went live on Polkadot....

Dec 31 2021

Efinity becomes the winner of Polkadot’s sixth parachain auction

Dec 31 2021 Published at CryptoSlate under tags  dot enj eth ksm nfts

Efinity joins the league of Polkadot parachain slot auction winners–Acala, Moonbeam, Astar, Parallel Finance, and finally, Clover Finance. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency–DOT....

Dec 28 2021

German telecom giant supports Polkadot, acquires DOT tokens

Polkadot, the “blockchain of blockchains” infrastructure developed by the Parity project, has entered a partnership with T-Systems MMS (MultiMedia Solutions), a subsidiary of the German telecommunications giant Deutsche Telekom. As per the...

Liquidity solutions for the Polkadot ecosystem

Dec 28 2021 Published at CryptoSlate under tags  parachains

As the industry focus moves from the Bitcoin scaling problem to the Ethereum scaling problem, the Polkadot ecosystem is still evolving positively. With the parachains of Kusama and Polkadot already running solidly, whatever the solution is, it is resolving the issue of growing crypto demand with an inefficient underlying architecture. Polkadot's founder, Gavin Wood, has...

Dec 24 2021

Footprint Analytics: Guide to Moonriver (MOVR)

Dec 24 2021 Published at CryptoSlate under tags  parachains

Founded in 2015, Polkadot has been the focus of much attention this year due to its parachain auctions. Footprint Analytics has written an in-depth analysis of Polkadot's ecosystem: Footprint: Will Polkadot be Blockchains 3.0?...

Dec 21 2021

Dec 18 2021

Dec 10 2021

Parallel Finance wins Polkadot’s fourth parachain slot auction with $300 million raised

Dec 10 2021 Published at CryptoSlate under tags  dotusd parachains

Parallel Finance announced winning Polkadot’s fourth parachain slot, with contributions totaling 10,75 million DOT–equating to roughly $300 million. In order to win the auction, contributors and investors vote by...

Dec 06 2021

Subsocial network wins Kusama’s 16th parachain auction with over 100k KSM raised

Dec 06 2021 Published at CryptoSlate under tags  parachains

Subsocial Network, a decentralized platform designed to support the creation of decentralized social networks has won the most recent Kusama parachain slot auction. A total of 16.5 million (16.5% of the total supply) SUB tokens will be allocated as rewards for crowdloan participants. It is only the 4th crowdloan to hit the cap of 100k $KSM. Subsocial is building the...

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