Parachain

Parachains are the diverse individual layer-1 blockchains that run in parallel on Polkadot and Kasuma, connected to the relay chain and secured by the relay chain’s validator set. Since the relay chain is responsible for security, parachains benefit from these same base features. Parachains use cross networkcross-network bridges to connect to external networks such as Bitcoin and Ethereum.

In order to become a parachain on Polkadot and Kusama, projects have to participate in a parachain slot auction.These will be candle auctions, using the currency of DOT tokens. Candle auctions have a termination point that is unknown to the bidders. While the auctions do have a scheduled beginning and end, bids will be counted according to a non-disclosed termination date withingwithin this time frame.

Parachains are the diverse individual layer-1 blockchains that run in parallel on Polkadot and Kasuma, connected to the relay chain and secured by the relay chain’s validator set. Since the relay chain is responsible for security, parachains benefit from these same base features. Parachains haveuse thecross abilitynetwork bridges to connect to external networks such as Bitcoin and Ethereum using cross-network bridges.

Parachains can have a wide variety of designs and can be optimized for specific use cases. Parachains connect to the Relay Chain by leasing a parachain slot. These parachain slots are available via parachain slot auctions, by being granted a slot by Polkadot or Kasuma governance as a common good chain, or by connecting as a parathread.Parachains can be built for any blockchain use case, from DeFi to identity and supply chain, gaming and NFTs, IoT, DAOs, and much more. TheyIn other words, depending on their intended function, parachains can also take on various forms depending on their intendeddifferent function.Parachainsforms.Parachains, in many instances, support their own tokens.

In order to become a parachain on Polkadot and Kusama, projects have to participate in a parachain slot auction.These will be candle auctions, using the currency of DOT tokens. Candle auctions have a termination point that is unknown to the bidders. While the auctions do have a scheduled beginning and end, bids will be counted according to a non-disclosed termination date withing this time frame.

Parachains can have a wide variety of designs and can be optimized for specific use cases. Parachains connect to the Relay Chain by leasing a parachain slot via parachain slot auctions, by being granted a slot by Polkadot or Kasuma governance as a common good chain, or by connecting as a parathread.Parachains can be built for any blockchain use case, from DeFi to identity and supply chain, gaming and NFTs, IoT, DAOs, and much more. They can also take on various forms depending on their intended function.Parachains, in many instances, support their own tokens. In order to become a parachain on Polkadot and Kusama, projects have to participate in a parachain auction.These will be blind auctions, where participants are unable to see competing bids, using the currency of DOT tokens.

In order to become a parachain on Polkadot and Kusama, projects have to participate in a parachain auction.These will be candle auctions, using the currency of DOT tokens. Candle auctions have a termination point that is unknown to the bidders. While the auctions do have a scheduled beginning and end, bids will be counted according to a non-disclosed termination date withing this time frame.

Parachains can have a wide variety of designs and can be optimized for specific use cases. Parachains connect to the Relay Chain by leasing a parachain slot via parachain slot auctions, by being granted a slot by Polkadot or Kasuma governance as a common good chain, or by connecting as a parathread.Parachains can be built for any blockchain use case, from DeFi to identity and supply chain, gaming and NFTs, IoT, DAOs, and much more. They can also take on various forms depending on their intended function.Parachains optimize their functionality for specific use cases and, in many instances, support their own tokens. In order to become a parachain on Polkadot and Kusama, projects have to participate in a parachain auctionauction.These will be blind auctions, where participants are unable to see competing bids, using the currency of DOT tokens.

Parachains are the diverse individual layer-1 blockchains that run in parallel on Polkadot and Kasuma, connected to the relay chain and secured by the relay chain’s validator set. Since the relay chain is responsible for security, parachains benefit from these same base features. Parachains canhave alsothe ability to connect to external networks such as Bitcoin and Ethereum using cross-network bridges.

Parachains are the diverse individual layer-1 blockchains that run in parallel on Polkadot and Kasuma, connected to the relay chain and secured by the relay chain’s validator set. Since the relay chain is responsible for security, parachains benefit from these same base features. Parachains can also connect to external networks such as Bitcoin and Ethereum using cross-network bridges.

Parachains can have a wide variety of designs and can be optimized for specific use cases. Parachains connect to the Relay Chain by leasing a parachain slot via parachain slot auctions, by being granted a slot by Polkadot or Kasuma governance as a common good chain, or by connecting as a parathread.Parachains can be built for any blockchain use case, from DeFi to identity and supply chain, gaming and NFTs, IoT, DAOs, and much more. They can also take on various forms depending on their intended function.Parachains optimize their functionality for specific use cases and, in many instances, support their own tokens. In order to become a parachain on Polkadot and Kusama, projects have to participate in a parachain auction.