Polkadot whale and notable neighborhood member @DonnieBigBags tweeted that the Polkadot to Kusama bridge can be rolled out on the finish of this yr. He added that, by formally connecting each chains, Kusama is “extra vital than ever.”
This, for my part, makes $KSM extra vital than ever earlier than.
With that, ought to we count on Kusama to step out of Polkadot’s shadow and discard its standing as a “canary community?”
The Canary Community
Polkadot and Kusama each provide third events a extremely scalable interoperable platform to function their very own blockchains.
Builders Parity Applied sciences constructed each networks, porting Polkadot’s codebase to Kusama with minor tweaks, making them nearly an identical.
Nonetheless, Kusama’s position within the Polkadot ecosystem is as a preparatory community. In that, builders experiment with improvements there earlier than launching on Polkadot.
On that, @DonnieBigBags points out that Kusama “is just not a testnet,” saying some tasks decide to remain slightly than transfer to Polkadot, giving $KILT for example of a undertaking that’s doing this.
And, with the $DOT – $KSM bridge that’s quickly to launch, he implies extra tasks will observe $KILT’s instance and keep on with Kusama.
“$KSM is NOT a testnet and there are tasks solely deploying on there.
It doesn’t want a $DOT parachain.”
Kraken additionally weighs in on this by saying as a result of the Kusama community already hosts substantial financial worth, it’s unreasonable to name it a testnet.
Kintsugi wins the newest Kusama parachain slot
The eleventh parachain public sale slot was received by Kintsugi as bidding closed on Wednesday. The undertaking attracted over 8,000 contributions bringing in a complete of 200,000 $KSM ($74,445,973).
Kintsugi is a Bitcoin bridge that may convey liquidity for parachains resembling Karura, Shiden, and Moonriver, with the objective of accelerating ecosystem progress.
“kBTC is a 1:1 Bitcoin-backed asset on Kusama, maintained by a decentralized community of collateralized Vaults.”
Commenting on the win, Alexei Zamyatin, the CEO of Interlay, the event agency behind Kintsugi, stated the extent of help acquired spurs the group to wish to exceed expectations.
“Seeing this degree of help is extra rewarding than the rest — and motivates us to outperform all expectations and show our value to our neighborhood. We’re constructing the most effective bridge on the market — and received’t cease till we’ve modified the centralized established order.”
Parachain auctions work by $KSM token holders bidding for which undertaking they wish to see on the community.
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