Polkadot Blockchain Network Deployment Roadmap Update

Key facts:

They plan to vote to enable small blockchain networks on the Kusama network.

After audits, a chain vote will be activated to introduce auctions in the parachains.

The Polkadot project, with the update of its roadmap, 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 on 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 to be delivered, and will allow Polkadot to realize its scalable multi-chain architecture.

The road map is divided into three phases. The first of these is the current one, which refers to the Rococo testnet, 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 via the relay chain of Polkadot, the central coordinator. of the network.

Second, the team will deal with resolve 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 holding of a voting process that will allow enable Polkadot parachains on the Kusama network, which is another blockchain managed by the same team. They say she’s like her “cousin.”

After all the audits have been completed, a vote will be taken 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 launched the genesis block of its relay chain in May 2020, Polkadot is now on track to launch several parachains in 2021. ″

Nevertheless, does not specify the date this launch will be effective, which was expected for the first quarter of this year, as 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 advancement of Polkadot

Gavin Wood, Founder of Polkadot: Polkadot is implementing the most robust roadmap for security, scalability and innovation. Source: Polkadot /

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, staking tokens, and declaring 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.

In addition, it ensures that Polkadot allow balance transfer, which is in the progress stage for the next phase. It explains that to enable the remaining functionality, the Polkadot government will have to pass one (or a series of) updates at runtime.

Launch of Polkadot’s “Candidate Chain 1” network

On May 27, 2020, Polkadot started 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 with limited functionality for the first time.

As of this writing, Polkaldot’s DOT token is priced at $ 31.32, with a market capitalization of $ 28 million and a volume traded in the last 24 hours of $ 4 million.