Polkadot Network is Closing in for Launching Parachain Functionality
Polkadot Network is closing in to launch much-awaited parachain functionality. Kusama, the canary network of Polkadot, is ready for the rollout of parachains on the network.
A parachain is a parallel chain that attaches to the main network of a blockchain, operating independently of it, but taking advantage of its multiple benefits.
The main network is known as Relay Chain. Among the main benefits it confers to parachains are decentralization, security and scalability.
Polkadot’s blockchain is the pioneer in the use of this type of technology. And it has already developed an important network of parachains that have put it at the forefront of the market.
Polkadot Network is closing in to launch much-awaited parachain functionality. Kusama, the canary network of Polkadot, is ready for the rollout of parachains on the network.
Polkadot’s oracle parachain Paralink Network has partnered with Deficliq, a lending platform that offers both collateralized and uncollateralized loans, to integrate its oracle service with the lending platform.
Plasm Network announced closing a $2.4M investment round led by Binance Labs. Binance had announced a plan to fund the Polkadot ecosystem, and it’s their first
The long-awaited parachain functionality on the Polkadot blockchain platform has now begun as Plasm Network, a decentralized application (DApp) hub on Polkadot, has become the first parachain on the Polkadot parachain testnet Rocco V1.
Polkadot team has released the second version of its parachain testnet dubbed Rococo V1. Rococo V1 has followed Rococo V0 that was launched earlier this year.
Polkadot introduced a new testnet this week as a step toward full parachain functionality in the network. The new testnet, called Rococo, integrates Cumulus and HRMP
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