Polkadot Announces Date for Parachain Auctions

Written By Guest User
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Full article by Ian Allison found here.

  • The team behind the Polkadot ($DOT) blockchain network has announced a start date for their parachain auction process, where blockchain projects are given slots to build on the Polkadot network.

  • The first of the auctions is scheduled to begin on November 11th, 2021 according to the Polkadot Council.

Screenshot 2021-10-13 at 13-58-38 Proposal for First Parachain Auctions on Polkadot.png
Screenshot 2021-10-13 at 13-59-03 Proposal for First Parachain Auctions on Polkadot.png

  • The parachain auction process is the latest step in fulfilling Ethereum co-founder and founder of Polkadot Gavin Wood’s vision for an interconnected blockchain framework. DOT co-founder Robert Habermeier has stated that “almost exactly five years after the vision of a heterogeneous multichain framework was first outlined in the Polkadot white paper, parachains are now officially ready for launch on Polkadot.”

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