Following the first five auctions, in which Karura and Moonriver were winners, five more are scheduled for September.
Kusama announced Yesterday it was announced that the next batch of five parachain auctions will take place in September.
As Polkadot’s “canary network,” Kusama inherits Polkadot’s blockchain architecture. This architecture consists of different blockchains, called “parachains”, each with their own native token and economy, which can run in parallel with a central relay chain.
After the launch of the common good parachain Statemine, Kusama’s first five parachain auctions took place in June and July.
The first winner was decentralized finance (DeFi) hub Karura, followed by smart contract platform Moonriver, multi-chain decentralized application (dApp) layer Shiden, privacy infrastructure Khala, and multi-chain middleware platform Bifrost. rice field.
Slot winners are already taking advantage of the upgrade capabilities provided by Substrate, and Parachain is also working on cross-chain collaborations.
Six parachains currently running on Kusama are being monitored for stability and performance. The core development team at Parity Technologies, responsible for Polkadot and Kusama, observed occasional temporary stalls in block finalization, but finalities were generally stable, along with block production and approvals. .
We believe more parachains won’t make the problem worse, and Parity recommends that the next parachain auction take place in September. The 6th Parachain Auction will start on September 1st at 12:00 GMT and a winner will be selected on September 8th. The seventh auction will begin an hour after him, with the remaining auctions occurring weekly.
The auction is for the lease period and each participant bids for the amount of KSM they wish to lock up during the lease period. Projects can be funded through their own bids or through crowdfunding from the community.
Kusama provides a testing ground for Polkadot technology. Once the Kusama parachain is running smoothly and all audits have been performed, Polkadot will also have the parachain functionality enabled.
A date for the Polkadot parachain auction has not yet been given, but could be announced in the coming weeks following Kusama’s success.
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