The Polkadot project, with the update of its road map, established that parachains or small blockchain networks will be launched on the Kusama network. This will happen after they complete a period of testing, optimization and audits in the testnet called Rococo, which would mark the full launch of this protocol.
In the document published on its portal, it is indicated that the parachains are the last piece of basic functionality that is delivered, and will allow Polkadot to carry out its scalable multi-chain architecture.
The roadmap is divided into three phases. The first of them is the current one, which refers to the testnet ( testnet ) Rococo, through which developers can test mechanisms for the interoperability of networks linked to Polkadot.
Describes the roadmap, that the platform uses a mechanism called XCMP-lite ( Cross-Chain Message Passing-lite ) that enables parachains to send generalized tokens and messages to each other through the relay chain of Polkadot, the central coordinator of the re d.
Second, the team will take care of resolve the final items such as the dispute resolution process and the approval vote. When this is complete, they will pass the Pokaldot code base which will be officially complete.
The third phase is the celebration of a voting process that will allow to enable Polkadot’s parachains in the Kusama network, which is another blockchain managed by the same team. They say that it is like their “premium”.
After all the audits have been completed, they will proceed to vote to start the parachain auctions.
What happens before the implementation of parachain?
In a video posted on YouTube, Gavin Wood, CTO Ethereum co-founder and founder of Polkadot, explains that “Polkadot is implementing the most robust roadmap for security, scalability and innovation. Having released the genesis block of its relay chain ( relay chain ) in May 2020, Polkadot is now on track to launch several parachains in 2021. ”
However, does not specify the date in that this launch will be effective , which was expected for the first quarter of this year, since its development has advanced only more than half.
There have been problems with the stability of the Rococo testnet. For example, one of your parachains has got stuck at block 1036. A GitHub pull request titled “New Genesis” suggests that there was a significant stability incident on the testnet.
Stages of Polkadot preview
On its website, the Web3 Foundation indicates that it will launch Polkadot in the authority test mode . During that time, most users will be able to claim tokens from their Ethereum contracts, do staking with tokens and declare their intention to validate or nominate.
Validators will also be able to set their session keys in preparation for proof of stake, and the Web3 Foundation will be able to use the Sudo key to manage the chain and enable more features.
Additionally , ensures that Polkadot will allow a balance transfer, which is in the progress stage for the next phase. Explain that to enable the remaining functionality, the Polkadot government will have to pass one (or a series of) runtime updates.
Launch of Polkadot’s “Candidate Chain 1” network
On May 27, 2020, Polkadot launched the launch of its main network, known as “Candidate Chain 1 “(CC1), CriptoNoticias reported.
” This first stage of Polkadot’s CC1 provides two key things: claims and certifications; and investments, ”wrote Polkadot Founder Gavin Wood. In other words, Polkadot’s governance parameters are being left for the first time with limited functionality.
At the time of writing, the price of Polkaldot’s DOT token is USD 31.32, with a market capitalization of USD 28 million and a volume traded in the last 24 hours of USD 4 million.
The post Polkadot Blockchain Network Deployment Roadmap Update appeared first on World Weekly News.