THE TIME HAS (MAYBE) FINALLY COME.
Polkadot is slated to go fully live later this year.
DOT was founded in 2016 by Ethereum co-Founder Gavin Wood. Polkadot enables scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment.
According to Polkadot Wiki Website, "Polkadot is built to connect and secure unique blockchains, whether they be public, permission-less networks, private consortium chains, or oracles and other Web3 technologies. It enables an internet where independent blockchains can exchange information under common security guarantees."
More information about Polkadot HERE :D
Coin98 showed up really well the well-fast-growing polkadot ecosystem (for their official Twitter JUST CLICK HERE)
So, WHAT ARE PARACHAIN AUCTIONS?
The next stage involves the launch of parachain auctions, a fundraising process where projects lock up 1 million to win one of 100 or so coveted parachain slots.
Before the auctions can commence, Polkadot’s various testnets need to be up to speed when it comes to finalizing blocks, said Petrowski.
For now, a shell parachain on canary network Kusama is producing blocks every three or four minutes.
Parachains are the last piece of core functionality to be delivered as outlined in the Polkadot whitepaper, and will allow Polkadot to realize its scalable multi-chain architecture. After a period of testing, optimization and auditing, parachains will be ready for launch on Polkadot, and can be enabled via on-chain governance.
Once parachains are live, the community will determine which additional features and network upgrades should be added over time.