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Polkadot envisions Web3 disruption with multiple parachain launches
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cointelegraph.comOpen-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain) aimed at improving the interoperability between multiple blockchains.
According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions, namely, Acala, Moonbeam, Parallel Finance, Astar, and Clover.
With individual blockchains running in parallel within the Polkadot ecosystem, the auction winners will be able to lease slots on Polkadot's Relay Chain for up to 96 weeks at a time. Developed by Polkadot Founder and Ethereum co-founder Gavin Wood, the Relay Chain helps in coordinating the consensus and communication between parachains:
Today, Dec 18th,
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