Yugocean
Valued Contributor
Polkadot will launch 5 parachains on its platform on December 17th 2021.
Polkadot is a blockchain protocol that was created by Gavin Wood (the co-founder of Ethereum). This protocol is characterized by the ability to connect a limited number of parallel blockchains, or para-chains, to a secure multichain network called the Polkadot Relay Chain.
The slots in Polkadot relay chain are auctioned via staking votes. In this auction system, investors stake in Polkadot (DOT). The higher the stake, the more votes will be counted. The one with the highest stake wins the auction and is included in the parachain.
DeFi project “Acala”, decentralized smart contract platform “Moonbeam”, plasma network “Astar” and lending/staking protocol “Parallel finance” have won the first four slots in Polkadot Parachain, with only one spot left before December 17th, when the Five Parachains will be launched on the Polkadot platform.
Polkadot is a blockchain protocol that was created by Gavin Wood (the co-founder of Ethereum). This protocol is characterized by the ability to connect a limited number of parallel blockchains, or para-chains, to a secure multichain network called the Polkadot Relay Chain.
The slots in Polkadot relay chain are auctioned via staking votes. In this auction system, investors stake in Polkadot (DOT). The higher the stake, the more votes will be counted. The one with the highest stake wins the auction and is included in the parachain.
DeFi project “Acala”, decentralized smart contract platform “Moonbeam”, plasma network “Astar” and lending/staking protocol “Parallel finance” have won the first four slots in Polkadot Parachain, with only one spot left before December 17th, when the Five Parachains will be launched on the Polkadot platform.
