Polkadot is ready to enter the next phase of its phased rollout. The founder of the project, Gavin Wood announced this. Polkadot’s launch began about ten months ago with the Rococo testnet. Three stages have already passed successfully, the last of which allowed the project to move to a decentralized system. Now the turn has come for the last, fourth stage. When the developers must realize their vision of creating a platform with support for multiple chains or so-called parachains. The final phase involves deploying parachains in Kusama, Polkadot’s canary network. And integrating the Kusama network to host the parachains on Polkadot’s Substrate platform, developed by Parity Technologies, the technology firm behind Polkadot.
According to lead developer Gavin Wood, the move is in line with Polkadot’s vision of complete decentralization and no access rights. The blockchain built as a heterogeneously segmented and scalable multi-chain, allowing for a wide range of integrations in an inclusive system that allows betting, smooth updates and an open, functional governance system for users and participants.
According to the announcement, the parachains via Kusama will be launched following a full external audit of the new version of Polkadot and Kusama. It has already begun and is expected to be completed “in the near future”. In addition, Kusama must demonstrate its performance in practice. By running at least one crowdfunded auction and running at least one functioning parachain.
Polkadot — one of the strongest players in the crypto market
Polkadot is developing a scalable smart contract platform where many different chains can interact with each other. In its short history, Polkadot has demonstrated a highly decentralized and open source staking system, seamless upgrade capability, and open, functional management. However, until this time, it existed as a single circuit in isolation. This will change with the launch of the parachain functionality.
Parity Technologies recently updated Polkadot to version 0.9. This recent release includes implementations of parachain deployment logic on the network, with parachain slot auctions and crowdloan logic functionality updated for auction bidding.
As soon as the parachains show their viability, auctions will be launched in Kusama. They have already been tested on test networks. But Kusama differs from them in that it has a traded asset with real value. They will announce the first auction on the Kusama website 7 days in advance. Over the next two months, the developers also plan to test the stability of the system. Now the volume of transactions in it deliberately limited by more than 75% relative to the real possibilities.
In the future, they will remove these restrictions, which will allow the network to gradually reach the theoretical maximum load. Initially, the parachains in Polakdot expected to launch before the end of the first quarter of 2021. However, during tests on the basis of the Rococo test network, company revealed failures, and one parachain didn’t work for more than a day.