Parachain

Mosaic Chain secured a parachain slot on the Polkadot Relay Chain — securing the rights necessary for its mainnet launch. According to a recent Mosaic Chain announcement, the network won the rights to be connected to the Pokadot (DOT) blockchain for 96 weeks—from July 3, 2024, to May 8, 2026. The Polkadot Relay Chain will secure the new network. Parachains.info shows that Mosaic Chain won the 73rd parachain slot through a self-funded effort. The auction page shows that the project…

Polkadot has launched a new Ledger app designed to streamline parachain management and enhance network security, thanks to contributions from Zondax, Alzymologist, and Parity Technologies. New Ledger App To Streamline Parachains Polkadot has introduced a new Ledger app to address the crucial challenge of runtime upgrades, which are essential for the network's evolution and security. Scheduled for release around July 1st, this update coincides with Polkadot's next runtime upgrade, ensuring compatibility with the latest network features and improvements from the…

Polkadot has established itself as a dominant player in the crypto space with its native token, DOT, one of the market’s largest and most popular cryptocurrencies. Polkadot’s ecosystem has several projects building dApps and protocols for the Polkadot ecosystem.  Parachains On Polkadot  One of the main reasons why Polkadot (DOT) is unique is its parachain auction system. Any project wishing to launch a parachain and connect it to Polkadot’s Relay Chain must win a parachain slot auction. Parachain slot bids…

The recent runtime upgrade of Polkadot’s mainnet triggered interest in the blockchain community.  Polkadot’s runtime upgrade utilizes Wasm in Substrate, which is powering Polkadot and related chains, to allow runtime updates without hard forks.  The recent runtime upgrade of Polkadot’s mainnet triggered interest in the blockchain community. Nevertheless, the improvement caused an unintended pause in block production across different parachains. Notably, Moonbeam Network, a prominent parachain, confirmed disruptions around 10:UTC on April 21st. Even though the purpose of this upgrade…

Polkadot is one of the most successful projects focusing on improving the underlying technology that helps power decentralized applications (dApps).  Polkadot uses parachains, an integral part of the Polkadot ecosystem. These are heterogeneous blockchains connected to Polkadot and are interoperable with the Polkadot network and other parachains.  What Is A Polkdadot Parachain? Polkadot was created by Ethereum co-founder Gavin Wood and Peter Czaban. Wood published the Polkadot whitepaper in 2016 and also launched the Web3 foundation a year later. The…

Blockchain platform Ontology has announced that it is building a solution on Polkadot blockchain. As per a press release, Ontology explained that it has partnered with Parity technologies to integrate its Decentralized Identity (DeID) solution on the Polkadot network. The Decentralized ID solution will help Ontology have better access to cross-chain compatibility on the Polkadot blockchain. The Parity Asia team will undertake the development of DeID as part of the partnership. Eric Wang, an executive at Parity technologies, believes that…