Polkadot’s much-awaited parachains are set to go live on the network later this year, its developers said in a post on Wednesday. The community can expect ‘Auctions’ from the proposed date of November 11 onwards.
Parachains are custom, project-specific blockchains that are integrated within the Polkadot (DOT) and Kusama networks—think of them like highly-specific blockchains operating atop the main Polkadot blockchain. They can be customized for any number of use cases and feed into the main blockchain, called the Relay Chain, considered to be the heart of the Polkadot and Kusama networks.
Speaking at the Sub0 conference today on behalf of Parity Technologies, the engineering team commissioned by Web3 Foundation to build Polkadot’s initial implementation, Wood and Habermeier announced Parity’s position that all technical barriers to parachain launch on Polkadot have been surpassed.