Sunday, July 3

Polkadot Launches Its First Parachains By CoinTelegraph

© Reuters. Polkadot launches its first parachains

Today, after five years of technical development, it is proud to launch the first parachains on its network, individual blockchains that work in parallel within the ecosystem, this launch occurs just days after having changed its brand branding, logo, and also having successfully completed the first round of parachain auctions.

This milestone marks a breakthrough for interconnected blockchain technology as this technology has become more widely adopted in recent years, the lack of interoperability between different networks has remained a major obstacle, they commented from Polkadot.

In this first launch in which the winners of the first auction round, Acala Network, Moonbeam, Parallel Finance, Astar and Clover, are the protagonists, with project proposals from teams of parachains focused on topics such as decentralized finance, investments, loans, and even smart contracts, will be able to rent this space at Polkadot for up to 96 weeks at a time. And as the ecosystem grows, especially with the incipient appearance of metaverses, dozens of protocols will become more and more visible, and under that scenario, there will not be a single blockchain, but there will be – they explain – several interconnected chains.

Read the full article on Cointelegraph

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