Just like Kylin Network is poised to bring a cross-chain platform that would power the data economy on Polkadot, it’s canary parachain, Pichiu, would do the same, only sooner–on Kusama. Initially, Kylin aimed to launch directly on Polkadot, but the growing adoption of Kusama led the team to adjust its course and reconsider managing two…
CryptoSlate caught up with James Wo, the Founder and CEO of Digital Finance Group (DFG), to talk about interesting developments that are about to unravel in the budding ecosystem between the two sister blockchains–Polkadot and Kusama. DFG focuses on blockchain equity and token investment, with a portfolio that ranges from Layer 1, Layer 2, Web3,…
In a much-publicized tweet this past week, Vitalik Buterin voiced his opposition to the use of cross-chain solutions by Ethereum and other blockchains, in favor of a multi-chain future. My argument for why the future will be *multi-chain*, but it will not be *cross-chain*: there are fundamental limits to the security of bridges that hop…
The day of the long-awaited launch has dawned, as Moonbeam, an Ethereum-compatible smart contract parachain, went live on Polkadot. With the completed launch process, the winner of the second slot auction became the first fully operational parachain on Polkadot–ready to welcome the deployment of over 80 projects. Project deployment Moonbeam is expected “to light up…
Efinity joins the league of Polkadot parachain slot auction winners–Acala, Moonbeam, Astar, Parallel Finance, and finally, Clover Finance. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency–DOT. The sixth parachain slot goes to Efinity According to Enjin’s Twitter announcement, Efinity won its slot with 7.7 million DOT contributed by…
Polkadot, the “blockchain of blockchains” infrastructure developed by the Parity project, has entered a partnership with T-Systems MMS (MultiMedia Solutions), a subsidiary of the German telecommunications giant Deutsche Telekom. As per the announcement, T-Systems MMS will “promote secure communication between blockchains.” T-Systems MMS will use its infrastructure to participate in the Polkadot public blockchain network…
As the industry focus moves from the Bitcoin scaling problem to the Ethereum scaling problem, the Polkadot ecosystem is still evolving positively. With the parachains of Kusama and Polkadot already running solidly, whatever the solution is, it is resolving the issue of growing crypto demand with an inefficient underlying architecture. Polkadot’s founder, Gavin Wood, has…
Founded in 2015, Polkadot has been the focus of much attention this year due to its parachain auctions. Footprint Analytics has written an in-depth analysis of Polkadot’s ecosystem: Footprint: Will Polkadot be Blockchains 3.0? Footprint Analytics：Moonriver TVL And as Polkadot grows, so too does its ecosystem. Moonriver, the second parachain to get a slot in…
Parallel Finance announced winning Polkadot’s fourth parachain slot, with contributions totaling 10,75 million DOT–equating to roughly $300 million. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency, and with more than 30,000 supporters, the DeFi lending protocol secured its place in the expanding ecosystem. Parallel Finance secures its lease…
Subsocial Network, a decentralized platform designed to support the creation of decentralized social networks has won the most recent Kusama parachain slot auction. A total of 16.5 million (16.5% of the total supply) SUB tokens will be allocated as rewards for crowdloan participants. It is only the 4th crowdloan to hit the cap of 100k…