Polkadot, the network created to connect multiple blockchain networks, has just published its 2021 roadmap, in which it explains everything related to the long-awaited launch of its parachains.
Polka dots (DOT), the blockchain Designed to serve as a next-generation protocol that allows the interconnection of multiple blockchains, it is preparing to launch the famous and long-awaited parachains, which, as it explains, are the last piece of the puzzle that completes Polkadot's core functionality to unleash its full potential.
Parachains, which resemble the operation of shards to improve scalability and performance in blockchain networks, complement Polkadot's scalable multi-chain architecture. In its roadmap 2021In a recently published report, the network's developers explain that they are preparing several phases to implement Polkadot in all its splendor.
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Trial period and audit
First, the developers are preparing a testing, optimization, and auditing period, which once completed, will ensure that the parachains are fully ready for launch on Polkadot. The network will use governance, exercised through its native token DOT, to enable the parachains on-chain. They also explain that once these chains are live, the crypto community will be the one to determine what additional features and network upgrades should be added to Polkadot over time. All of this, through on-chain governance.
Currently, parachains are being deployed on the Polkadot testnet, known as RococoWithin it, developers are experimenting and implementing various forms of communication and interaction with other chains through XCMP-lite.
Once the testing and auditing period on the Rococo test network is over, and the developers have verified the functionality of the parachains in all possible scenarios, and are confident of their operation, they will initiate a voting process through their governance to enable the parachains on the network. Kusama from Polkadot.
Kusama Live Launch
The Kusama network will be the next testing environment for Polkadot parachains, after overcoming all the challenges in Rococo. This network, which will be launched live with real economic incentives, will allow its participants and the community in general to observe the effects of the parachains on the network, and to carry out all the necessary tests and optimizations to ensure its optimal functioning, the developers explain in the document.
Kusama will be the final planned testing environment for parachains, and once completed, these chains will be ready to launch on the Polkadot mainnet.
Polkadot parachains go public
The live launch of parachains within the Polkadot mainnet is the developers’ final step in officially completing the network’s functionality, based on its original design and the vision with which the project was initially created. The grand launch is planned for later this year, according to the developers’ projections, which indicate that “Polkadot is now on track to launch multiple parachains in 2021.”
Technology and innovation on Polkadot
Polkadot is a blockchain platform designed by the Web3 Foundation, to offer robustness, security, scalability and innovation, allowing participants and users to make transfers of tokens and any other type of data, through different blockchain networks. This network offers a wide range of possibilities for users, so it is presented as a great alternative to the problems faced by the current blockchain. EthereumOn Polkadot, users and participants have the ability to create a custom blockchain in minutes; and they can also enjoy economic and transactional scalability, meaning that Polkadot’s shared network of validators can distribute transactions across multiple parallel blockchains.
The network also features an innovative upgrade system, which does not require forks or hard forks to implement new features or improvements, or to fix bugs. It also enables a governance system, where each and every stakeholder in the network has a say.
In short, Polkadot combines a series of features and functionalities to offer decentralization, scalability and interoperability, making it a true innovation within the blockchain industry.
At the time of writing, DOT, the Polkadot token, reached a new all-time high of $30,4 USD per unit, and has a market capitalization of over $29.362 billion.
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