- Polkadot creator Gavin Wood announces its para chain auction details on KSM.
- The tentative schedule will commence its first slot auction on June 15.
- The winner of the first slot auction will be selected on June 22, 11:00 am GMT.
On Tuesday, Polkadot (DOT) creator Gavin Wood announces its parachain auction details on Kusama (KSM). It can be recalled, Kusama network made headlines last week after hitting a milestone for being the first live and fully functioning parachain on KSM.
Notably, as Gavin Wood discussed in this announcement, Kusama exists as the Polkadot canary network and helps protect DOT from serious issues by allowing functionality to exist “in the wild” for as long as possible.
He further added,
“Since the amount of protection it gives is in some way proportional to the amount of time it is active prior to Polkadot, there is a clear reason for deploying this logic as soon as possible for the good of Polkadot.”This article was first published on coinquora.com