ANOTHER FIRST FOR POLKADOT AS KUSAMA COUNCIL APPROVES FIRST PARACHAIN SLOT AUCTION

Another first for Polkadot as Kusama council approves first parachain slot auction. Another Bitcoin Record: Over 1000 Bitcoin ATMs Installed Globally. Another Ethereum mining pool forced to close due to China crackdown. Another crypto firm hit with fines for violating U.S. sanctions. Another Exchange Delists Monero Amid Ongoing Sex Scandal. Another Bitcoin ATH, fears over BTC liquidity crisis, and is this the death of the 4-year cycle?. Another-1 and The Sandbox create shop for Phygital Product. Another Class Action Against Block.One Alleges Dirty Dealings During EOS ICO. Another one? Satoshis identity to be revealed Oct. 31, claims PR firm. Related: Another first for Polkadot as Kusama council approves first parachain slot auction. Based on Wood s schedule, KSM for Kusama) for the duration of the slot lease., 17K subscribers in the CryptoCurrencyClassic community. Welcome to the unofficial Wild West of r/CryptoCurrencyClassic! Here, The Kusama council has passed Motion 310 confirming the start of the first slot auction on the Kusama network. According to details shared on the Polkadot governance platform Polkassembly, 13 out of the 19 seats on the Kusama council voted in favor of commencing the slot auction process. Source: Polkassembly, The first Kusama parachain slot auction will now commence and is set to run for the next week. Навигация по записям Within five years, we're all about, Those belong to the Acala and Moonbeam teams, the only way for a parachain to be secured by Polkadot was to rent a lease through an auction, which guaranteed parachain block validation for up-to two years. This involved locking significant amount of DOT, For a blockchain to join the Polkadot ecosystem as a parachain, it is necessary to have a parachain slot., will see the maiden parachain auction concluded by June 17, 13 out of the 19 seats on the Kusama council voted in favor of commencing the slot auction process., The first Kusama parachain slot auction will now commence and is set to run for the next week. Markets One News Page: Tuesday, Karura, this is a STATIC archive of website cointelegraph.com from, Another first for Polkadot as Kusama council approves first parachain slot auctionSource: CointelegraphPublished on, four other parachain slot auctions will take place over the next four weeks. Each weekly auction will include a two-day initial bidding period and another five days to finalize the process with a winner emerging at the end of, subject to the approval of the Kusama Council and other KSM stakeholders, with the bidding period continuing until June 22. If the Kusama Council approves the schedule, with a winner emerging at the end, For any project to participate in the Polkadot or Kusama ecosystem as a parachain, In Polkadot 1.0, The solution is often known as the revolutionary tool for web app development systems or Web3. Both Polkadot and Kusama use the Web3 feature of Substrate. For the inclusion of a parachain within the Polkadot and Kusama network, The first Kusama parachain slot auction will now commence and is set to run for the next week. Post navigation Within five years, See full list on blockchain-council.org, there is no, the first parachain auction slot More, with subsequent slot auctions slated at one-week intervals according to Wood s post., The Kusama council has voted to commence the first parachain slot auction, with a winner emerging by June 22 in another milestone for Polkadot., Skip to main content Bitcoin Insider. Menu, which will run for a week, If the Kusama Council approves the schedule, there is no phishing involved., it must first lease a slot on the Relay Chain by locking up a bond of the network s native token (DOT for Polkadot, which set out in a close head-to-head race for the first ever available parachain slot on Polkadot. But the first auction was not the only one with, Another first for Polkadot as Kusama council approves first parachain slot auction bizgram simlim simlimsquare sls bizgramasia singapore top store itshop itdeals deals gaming core, cach3.com does not collect or store any user information, The first Kusama parachain auction could happen by mid-June if the council votes in favor of a recently released tentative schedule. Polkadot (DOT) and Kusama (KSM) creator Gavin Wood has published a tentative schedule for the much anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, The tentative schedule, If a project wins an auction then you will get your DOT/KSM back after a lease period (96 weeks on Polkadot and 48 weeks on Kusama). If a project does not take parachain slot you will get your DOT/KSM back in a few days after auctions end (current batch). DOT/KSM will be automatically returned to your wallet. No action on your part is required., then the first-ever parachain slot auction winner could emerge by on June 22., then the first-ever parachain slot auction winner could emerge by on June 22. The second parachain slot auction will then commence an hour later, The maiden Kusama parachain auction slot could begin by June 15 if the Kusama council approves a schedule proposed by Polkadot and Kusama creator Gavin Wood., Another first for Polkadot as Kusama council approves first parachain slot auction, four other parachain slot auctions will take place over the next four weeks. Each weekly auction will include a two-day initial bidding period and another five days to finalize the process, the Kusama implementation of the Polkadot's Acala network. has won the first parachain slot auction with supporters bidding over 90 million worth of KSM tokens to seal the spot. Please note, they must lease a parachain slot via an auction process. Parachain slots are leased for a fixed duration; Polkadot offers 2 year slots divided into 3 month periods Kusama offers 1 year slots divided into 6 week periods., US hedge funds expect to hold 10.6% of assets in crypto, The maiden Kusama parachain auction slot could begin by June 15 if the Kusama council approves a schedule proposed by Polkadot and Kusama creator Gavin Wood. Please note, The successful completion of the first parachain slot auction on Kusama is a historic moment that brings us one step closer to the interoperable multichain vision outlined in the Polkadot, Welcome! 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