Polkadot was first introduced in a Whitepaper almost five years ago. Now, the heterogeneous multichain network announces a massive milestone – its parachains are officially ready to launch on the mainnet.
Polkadot’s parachains are one of, if not the most integral component of its network. They represent diverse and specialized blockchains that connect to Polkadot’s Relay Chain.
They also constitute the multichain aspect of Polkadot’s architecture and are the final piece of the puzzle, so to speak.
Today, Polkadot announced that parachains are ready to be launched, and the team, spearheaded by Gavin Wood and Robert Hebermeier, revealed that the first auction might begin on November 11th, 2021.
It’s important to note that parachains have already been successfully deployed and running on Kusama – Polkadot’s Canary Network since June this year. In the months since then, Kusama auctioned 11 parachain slots. As a result, Kusama’s network saw massive activity and has been running smoothly nevertheless, which is an important factor considering how ready Polkadot is for the parachain launch.
Dr. Gavin Wood and Robert Habermeier, speaking at the Sub0 conference on behalf of Parity Technologies, announced Parity’s position that all of the potential technical barriers to the launch of parachains have been successfully surpassed.
Habermeier also explained that there are optimizations in the work, including contextual execution, which should speed up the block time, parathreads, and so forth.
According to the Proposal for First Parachain Auctions on Polkadot, there’s a suggestion for rolling out 11 auctions batched in two.
The first batch would start on November 11th, 2021, and see the final auction taking place on December 15th. This means that there will be an auction every seven days.
The second batch, on the other hand, would start on December 23rd and finish on March 9th, 2022. This means that there will be an auction every fourteen dates.
This proposal isn’t final and has to be voted in for the dates to be set in stone.