- Polkadot founder Gavin Wood wrote in a blog post that Kusama is ready to host parachain slot auctions.
- Kusama will host parachains before auctions go live on Polkadot.
- The auctions will last for five weeks and determine which project gets to operate a parachain on the canary network.
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Polkadot’s founder Gavin Wood has announced that parachain auctions on Kusama should take place from next week.
First Parachain Auctions to Launch
Parachain auctions on Polkadot’s canary network Kusama will begin from Jun. 15, the project founder Gavin Wood wrote in a Tuesday blog post.
Both Polkadot and Kusama are trying to create an interoperable network of 100 parachains plugged into a central Relay Chain. Kusama is an identical network to Polkadot except its role is to function as a test network and experiment with various technology features before they can be rolled out on Polkadot.
Parachains will host different decentralized applications that can simultaneously interact with one another through the relay chain. Given each network can only have a maximum of 100 parachains, auctions will be used to determine which crypto projects get to run their parachains.
Polkadot launched on mainnet over a year ago and is yet to launch a parachain. While the team has sent mixed signals about the auction schedule, the Polkadot community has been pushing for the auctions to begin as soon as possible.
Now, Wood has confirmed, the team has finally reached the auction stage. Beginning Jun. 15, there will be auctions running weekly on Kusama for five consecutive weeks.
While there will likely be hundreds of crypto projects that participate in Kusama parachain auctions, some of the notable teams include Acala, Darwinia, Equilibrium, HydraDX, Karura Network, Robonomics, and Moonbeam.
As parachain auctions have never taken place before, they will first be organized on Kusama. For its role as the canary network, Kusama has already launched a parachain known…