Polkadot Announces it is Ready to Launch Parachains on its Mainnet

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Polkadot developers have recently announced they are ready to deploy parachains on the platform. This will mark the final phase of a multi-stage mainnet launch process that started on May 26, 2020.

Parachains are a variety of specialized blockchains that connect to the Polkadot “relay” chain and constitute the “multichain” aspect of the platform’s architecture.

The Parity Technologies engineering team behind Polkadot development, as well as project co-founders Gavin Wood and Robert Habermeier, said at the Sub0 conference all technical barriers to launching parachains have been removed.

They said that the code is ready for deployment and has been audited.

The developers recalled parachains have been successfully operating on the Kusama testnet since July 2021. In total, 11 auctions for slots were held there and 12 “parallelized” blockchains are functioning.

Habermeier emphasized code readiness and code maturity are not equivalent. Therefore, Parity recommended, before finalizing the technical base, to limit the number of parachains loaded in Polkadot to 75% of their number in Kusama.

The recommendations were included in the proposal submitted for voting by validators to start auctions for parachain slots from November 11.

To participate in them, applicants will need unrelated DOT tokens.

The price of the project’s native token has reacted with an increase to the announcement. At the moment, the asset has risen by more than 20% over the past day. At its peak, the price rose above $43.