Gavin Wood Says Parachains Virtually Ready to Launch on Polkadot
September 29 2021 - 6:30AM
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Polkadot co-founder Gavin Wood has suggested in a recent interview
that parachains are “technologically” ready to launch on his
sharded blockchain protocol Polkadot, and it is now down to the
platform’s governance process to set that in motion. Parachains are
highly customizable layer-1 blockchains that run in parallel on
Polkadot, connected to the shared security of the layer-0 central
Relay Chain, and can include their own economies and native tokens.
The long-awaited parachain rollout marks the final piece of the
core functionality for the project to be delivered, realizing the
multi-chain architecture of both Polkadot and its sister network
Kusama. Kusama Parachain Success Clears Path for Polkadot As the
canary network and live proving ground for Polkadot’s technology
and functionality, Kusama cleared the path for Polkadot’s
parachains following a governance vote in June to commence the
auction process of slot leases to add parachains to Kusama. A
schedule for the first batch of five separate Kusama parachain
auctions was then set between June and July, with each auction
lasting 7 days. All slot auction bids were cast by crowdloans for
the full duration leasing period, meaning the prospective parachain
projects leveraged support from the decentralized community of KSM
token holders for their bids, incentivized via project tokens or
other rewards. Promisingly, 80% of prospective Kusama parachain
projects, responding to an anonymous survey, said they planned to
launch on Polkadot too. Kusama’s maiden parachain auction was won
by Acala’s DeFi hub Karura, with Moonriver’s decentralized smart
contract platform and Shiden’s multi-chain dApp hub securing the
second and third slots. Trustless computation platform Khala picked
up the fourth, with DeFi staking service Bifrost claiming the final
berth in the first round of auctions. Following the success of this
first round, the schedule for the second batch of slots 6-10 was
approved by the community to commence on September 1. Decentralized
identity project KILT, privacy preservation protocol Calamari, and
liquidity infrastructure platform Basilisk picked up slots 6-8,
with auction 9 currently underway at the time of writing. Days
Rather Than Weeks Addressing the inevitable “when Polkadot
parachains?” question from the interviewer, Wood said, “Sorry I
can’t give you a date. I’d love to, but what I can tell you is
things are going well on the Kusama side for trying out parachains.
The audit, I’m not sure if it’s complete yet, but if it’s not
complete, it’s going to be completed in the next few days. Right?
Days, not weeks.” Wood added, “We need to fix any of the issues
that come from the audit. As far as I know these are relatively
small issues, nothing huge. And then after that, it’s really just
up to the governance of Polkadot. “Polkadot’s a governable meta
protocol. We have to get this through governance. I can’t flick the
switch myself, but what I’m able to do is say, technologically
speaking, parachains are ready – and it’s up to the governance of
Polkadot to get them out there.” Given the apparent stabilization
of the initial Kusama parachains that are working almost
seamlessly, following the imminent completion of the audit, DOT
stakeholders will be able to vote to enable parachain functionality
on Polkadot and agree on an initial slot auction schedule. Projects
behind successful Kusama parachains, such as Acala and Moonbeam,
are expected to be the leading contenders to become one of the
initial Polkadot parachains, completing the launch stage of a
network seeking to deliver an interoperable, scalable, secure, and
decentralized multi-chain ecosystem for Web 3.0. Image
source: Parity.io
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