The Polkadot Parachain is live and after several years of development the first group of projects has blossomed and paid off.

After winning the first Parachain auction the following year, the first five Parachains connected to Polkadot's mainnet were Acala, Moonbeam, Parallel Finance, Astar and Clover. Polkadot's Parachain was designed to solve blockchain interaction issues and create a variety of applications specifically for blockchains.

Polkadot, the principle that links multiple blockchains, released the first batch of five parachains. Parachain is an independent joint venture between Polkadot and its mission is to create a cohesive and cohesive community.

This explosion lasted five years. Finally, the first five auctions were connected to the main network after winning the first round of the Parachain auction. Parachain Auctions collect a large number of PolkaDOT DOT race tokens from the community supporting each project through a crowdfunding mechanism.

The first five Parachain projects (Acala, Moonbeam, Parallel Finance, Astar and Clover) focus on topics such as financial management (DeFi) to investments and loans.

The developer of Polkadot is also the creator of Ethereum Gavin Wood, which aims to solve blockchain issues and create a variety of special applications for them. Wood said blockchain should be able to provide a wide range of services, just as current models of the internet meet different needs.

"No blockchain design is perfect for every application. Every chain has a craft that is good for some applications but not useful for others," Wood said in a statement. "The belief in the design of parachain is that the future of Web 3 will be guided by a variety of blockchains."

Parachain race winners can hire parts of the Polkadot main relay chain, with a maximum loan term of approximately 96 weeks. Finally, Polkadot will provide 100 parachaines. Many niches will be regrouped in the coming months. According to media reports, not all openings were divided by the Parachain auctions, in part because of the use of controlled Parachains that work for the public good.

Bette Chen, founder of Acala, said in a statement: “Two years ago we decided to put all our efforts into the Polkadot and Substrate frameworks. To create the Acala parachain and provide a DeFi platform for the Polkadot ecosystem and other technologies, we are very excited. on new services (aUSD). "

Dan Reecer, vice president of development at Acala, said in an email that Parachain's initial announcement paved the way for a dedicated integration of DeFi-financial technology, including current financial and financial applications. other initiatives.

According to data from CoinGecko, the price of Polkadot assets, DOT, has changed significantly over the past 24 hours.