Polkadot has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement, as it fulfills the final core technical element of the white paper published five years ago.
Parachains are uniquely distinctive layer-one blockchain platforms that operate laterally alongside the main Polkadot network, in addition to being tethered to the Polkadot Relay Chain. Their purposeful function can be witnessed across a multitude of areas from decentralized finance to smart contracts.
Speaking at the Sub0 Conference as representatives of Parity Technologies, Polkadot founders Gavin Wood and Robert Habermeier confirmed that Polkadot now
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