Monday, July 4

Polkadot Envisions Web3 Disruption With Multiple Parachain Launches By CoinTelegraph

© Reuters. Polkadot foresees Web3 disruption with multiple parachain launches

The open source blockchain platform announced the launch of its first parachains (or parallel chain) aimed at improving interoperability between multiple blockchains.

According to the announcement, the Polkadot team invested five years developing the parachains, which were assigned to the teams through auctions, namely Acala, Moonbeam, Parallel Finance, Astar and Clover.

With individual blockchains running in parallel within the Polkadot ecosystem, auction winners will be able to lease spaces on the Polkadot relay chain for up to 96 weeks at a time. Developed by Polkadot founder and co-founder, Gavin Wood, Relay Chain helps coordinate consensus and communication between parachains:

Read the full article on Cointelegraph

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