A proposal for Polkadot’s first parachain auctions was approved by its community today. These parachains are said to be the “last piece of core functionality” needed for Polkadot to realize its goal of multichain interoperability.
Polkadot, a Layer 1 project promising to make blockchain networks interoperable with one another, took a major step toward that goal today by voting to approve a proposal to launch its first parachain auctions.
The proposal was introduced on Polkadot’s community governance discussion platform, polkassembly.io, by Web3 Foundation member Joe Petrowski. He laid out that, given the success of Kusama’s parachains, as well as Parity’s public assessment that “the code for parachains, auctions, and crowdloans is ready for an initial production release,” Polkadot should be ready for this critical move.