Polkadot Network Updates
Polkadot founder Gavin Wood recently held an insightful discussion with Miami Mayor Francis Suarez, covering Web3 and decentralization. Watch their full conversation for a deep dive into the future of decentralized technologies.
Parallel Wins Fourth Polkadot Parachain Slot Auction
On December 9, 2021, at 20:52 UTC, Parallel secured Polkadot's fourth parachain slot auction by locking 10,751,500 DOT. This marks another milestone in Polkadot's ecosystem expansion.
Key statistics:
- Total DOT locked across all crowdloans: 108,015,900 (9.2% of total supply)
- Four projects have won slots so far
- Fifth auction began on December 10 at 02:51 UTC
Current crowdloan leaders:
- Clover
- Efinity
- Manta
- Litentry
Important Dates
All five winners from the first auction batch will connect to Polkadot's relay chain on December 18, 2021, at approximately 04:00 UTC, beginning block production as fully functional parachains.
Polkadot Parachain Party
Polkadot will host a historic Twitter broadcast on December 19 to celebrate the parachain launch. Join the #PolkadotParachainParty to witness this groundbreaking moment in blockchain history.
Governance Updates
- Referendum #43 passed, increasing active validators to 400
- Commercial contest (#AdsForChads) offers unique Polkadot merchandise for creative parachain advertisements
Kusama Network Highlights
Parachain Progress
- Zeitgeist won Kusama's 17th auction with 77,028 KSM locked
- 18th auction currently underway (Sakura leading)
- 18 parachains now connected to Kusama
- 25.4% of total KSM supply (2,995,000 KSM) locked in slots and crowdloans
Governance Decisions
- Referendum #158 passed, adding Encointer as a common good parachain (activated December 17 at 05:00 UTC)
- Runtime upgraded to v9130 after successful Referendum #160
- HRMP channel proposal between Statemine and Karura under discussion
Developer Resources
For those interested in building on Polkadot:
FAQ
When will the first parachains go live on Polkadot?
The first five auction winners will connect to Polkadot's relay chain on December 18, 2021.
What percentage of KSM is currently locked?
25.4% of all KSM is locked in parachain slots and crowdloans.
How can I participate in Polkadot's ecosystem?
👉 Start building with Substrate today to create customized blockchains for the Polkadot network.
What's the difference between Polkadot and Kusama?
Kusama serves as Polkadot's "canary network," featuring faster governance and more experimental features before implementation on Polkadot.
How many validators does Polkadot have now?
The recent governance vote increased the number of active validators to 400.
Where can I learn about staking updates?
Read Parity engineer Kian's monthly staking report for the latest changes to the staking system.
Final Thoughts
The Polkadot ecosystem continues to expand rapidly, with significant milestones achieved in both parachain deployment and network governance. 👉 Stay updated on the latest developments as we witness the growth of this innovative multi-chain network.