Polkadot, a blockchain project promising to make networks interoperability, took a significant step forward by voting to approve its first auction. Polkadot prices have risen above $40 as the para chain auction date approaches.

Polkadot is a blockchain protocol that enables decentralized networks to work together. Its core is a network that allows users to connect their blockchains.


Polkadot and the Kusama Network have just released an upgrade that can be done in 8 hours. This is unlike other chains, which usually take months or even years to get ready. Kusama, a sandbox platform for blockchain app developers to test before releasing them on the Polkadot blockchain, recently announced the success of 11 part chain slot auctions.

Polkadot’s Price Reaction to the News

To ensure that its para chain technology and process are battle-tested before launch, the Polkadot team has tested them on its guinea-pig network, Kusama. It has now been set as November 11 as a likely deadline for receiving bids to build on Polkadot.

Polkadot’s Statement on Parachain Auction

“The Polkadot network can now officially lodge its initial parachains after months of testing and development. This is the first phase toward the network’s complete opening, which is scheduled for November 11, 2021.”

Gavin Wood and Robert Habermeier

Parity’s engineers, Paul Wood and Martin Habermeier announced that all of the technical barriers to the launch of parachains on Polkadot had been met.

What do experts think about the Parachain Auction

Final Words

Polkadot will assign a para chain slot to each auction for a total of 96 weeks, making it a continuous operation.

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