What will happen to Polkadot and its ecosystem after the Polkadot Parachain slots auction starts?

The time has come for the end of 2021. Thinking back to the development of the global blockchain years ago, it is no exaggeration to say that it is brilliant. GameFi seems to have started to show that blockchain technology is slowly 'making a comeback' and that certain blockchain applications or terms are well known to the public.

We can say that blockchain has arrived, and we have reached a stage where we are not asking what blockchain is, but how does this application or product work. the past.

Thinking back to the blockchain itself, it still faces a lot of challenges, such as the high cost of Ethereum, a poor balance between security and chain performance, and implementation delays that continue to persist. excite people. Plus, with last year's cross-chain crisis, people are still expecting ...

Fortunately, at the end of March, Polkadot announced the Parachain offer, which means that the work across the chain, which everyone criticizes, could change drastically due to the production of Parachain, seems unable to exchange data on the chains. The situation will continue to change, and some may wonder if the Polka Dot Parachain has that kind of power.

Below, it is recommended that you pay special attention to the changes that will occur in the Polkadot ecosystem after Parachain goes live, and the changes this may bring to the blockchain industry.

Polkadot Parachain auction site

1,What is the Polkadot Parachain Slots Auction?

The Parachain Slots Competition is strictly Parachain Slots. 80% of the slots will be sent to the reseller and 20% of the slots will be reserved for the Web3 Foundation to support the development of the community and the entire PolkaDOT ecosystem. Each Parachain has a 6-month rental period, and products entering the contest may choose to bid for one or more adjacent periods, with a two-year cap. Contest entry will be accepted by the DOT Lock, and the DOT will also be released after the lease expires.

Polkadot slots auctions are a form of candle auction that uses random bids that are slightly different from regular bids. The competition is divided into two stages from start to finish, during the security period the parties volunteer for the DOT contract, and upon random entry, the competition opponents will end immediately when selected by the system using a random beacon. VRF-based tracking goes back to the end to determine when the race will end.

In order to get the opening, the parties must commit more than the DOT before entering the random period, this strategy effectively prevented the "murder race" and encouraged the parties to be competitive at a reasonable price. .

2,Why did you do the Parachain competition?

Because the Parachain project requires part of the network capital, Polkadot's relay chain currently only supports 100 units, so the capital is only distributed through the network.

Second, Polkadot is a scalable and heterogeneous multi-chain blockchain, and the implementation of heterogeneous multi-chains depends on the unique design of Polkadot. The relay chains and parachaînes are an integral part of the Polkadot architecture. The relay chain is at the heart of the Polkadot network and is responsible for the integrity of the Parachain and the security of the entire network. It participates not only in the network, but also in the security of the Polkadot network. Different Parachains interact to develop their activity.

From another point of view, Parachain Slot Auction is also a test. Those who can get the slots will have to pay a higher price, and even the longer rental period has some necessary benefits for the safety of the games. Therefore, only successful and strong trades can win the niches. By connecting to Polkadot Network operations, they can join the military, create unified work, promote green innovation, and finally bring something new to the Polkadot Network. .

After the normalization of Parachain slot machine auctions

And you?

Kusama is Polkadot's proactive network, and Kusama's situation may predict Polkadot's next launch. Based on the current plans of the Parachain slot machine auction for Kusama, Kusama has developed a detailed tournament description to run the tournament every 7 days, and the shortest time for Kusama Parachain slots is 48 this week, with a total of 48 Parachains inside. the slits. will be auctioned. This means that once the 48th competition is over, the first one will end the lease and be available for the next competition. In this way, Kusama was able to organize a race a year ago and make Parachain a good race.

It is best if Polkadot normalizes Polkadot parachain slot machine auction like Kusama, then if Polkadot parachain slot machine auction normalizes, it will affect Polkadot and Polkadot ecosystem. Impact and users of the project?

1,In the case of peas

Polkadot can enter the running phase to recover, some parachaines need to start functioning properly, this means Polkadot ecology has started to end and pass the initial phase. Many green industries can begin to distribute industrial applications, and improving the ecology will gradually lead Polkadot into the big crypto industry.

All Polkadot activity is divided into two main roles and three scales.

As the name suggests, the two main areas of commercial and non-industrial eco-commerce are manufacturing in Polkadot's own ecosystem as a commercial intra-economy, and industry. Polkadot by the bridge. This is called the eco-economy.

While the Polkadot auction has started to operate normally, it at least shows that the market for the Polkadot ecosystem has steadily improved. At this point, the focus shifted to creating interconnected lines and creating equal public preferences. The commercial access bridge in Polkadot belongs to a kind of popular public parachain.

Our scale is mainly related to the ecology industry, the first active Polkadot scale, the second Polkadot parachain tool scale and the third Polkadot parachain ecological project tool scale. .

Currently, Polkadot Parachain is working hard to develop its own ecosystem, that is, the third stage has just started to develop. The cost of the second staircase depends on the growth and development of the third staircase. The second stair will be repeated in the first, and this third stair is part of a temporary and recalculated event.

Therefore, next Polkadot will be the second step in the development of internal and external ecological economy, the next step of the government has planned and will focus on supporting this information. The non-green industry has been spurred on by improving the public interest chain, such as the cross chain, a recent example of which is the Filecoin -Substrate Bridge Improvement Team of the ChainSafe Group.

On the flip side, the ecology industry is often associated with quick hackathons, enhancing Grant's plan to increase the use of Polkadot technology, supporting various groups in Polkadot ecology, and actively developing secondary plans. . . At the same time, this employee will provide a similar service to “Developers for Developers” for the second task, helping them to better improve their own ecosystem. will promote the commercial development of tertiary projects.

As for the Polkadot grade, we have to talk about the Polkadot Parachain Slots Auction. As for the competition, many participants began to criticize Polkadot for its high retail price. This is not necessary for ecological improvement. It should be made clear here that the consequences cannot be determined by the circumstances in which the individual game begins, and the value of the future bet may be significantly reduced. .

Early slot machines are supported, so many jobs will be competing for the first few races to complete some support, so strong competition will push opponents' value to very high prices. However, in practice there is no significant difference, so some parts of the project choose to avoid the edge and draw of the parachain slots at the bottom.

As Polkadot Parachain auctions normalize, slots will not be an inadequate product, competition will be high, and cost will not be high. And there will be more options for the Polkadot Green Project after the news goes live. After all, the cost of competing on Parachain will not be higher than the cost of using interconnections.

In addition, the price of the Parachain Slot can also be settled with Crowdloan, and if it is not supported enough, it means that the operation itself has not been completed. Enough, so we have to work harder.

So, in fact, parachain slot auctions are also an alchemy that examines the merits of these functions, and these processes are more responsible for the participants. Alternatively, you can select the wire to meet your own cross-chain requirements. Therefore, it cannot easily be said that the cost of the game is too high as there are many ways to raise capital to join Polkadot which will affect the development of the Polkadot ecosystem.

2. For ecological projects

For items auctioned on Polkadot Parachain Slots, a two-year measurement period (by default, the shortest open period) will be open to determine if the hole can still be drawn. These programs require heavier workloads.

The process of the Polkadot Parachain Slots Auction was born from the seeds of survival of the fittest. , you will only be able to resume racing once the future work has been better. This helps to leave the good jobs in the Polkadot ecosystem rather than the bad parts chasing the good ones and leaving the whole ecosystem in a vicious cycle.

By the time competition returns to normal, more interconnections have already been made at Polkadot, allowing Parachain campaigns to improve their own ecosystem and plenty of parachains to explore on crossing incidents. However, Polkadot's ecology is still an environmental niche, so how to become a Polkadot leader in one's own niche will be key to these slot machine jobs. Now some of the more popular content like smart contracts, DeFi sites and other content is very competitive and it could be an uphill battle to see who can fight to be a leader. If there is competition, there has to be a renewal. There will be a lot of encouragement and funding. It is clear that these parachaines are a kind of public channel. Therefore, we must pay attention to their development.

For the positions that have not yet been opened, we have to work hard to get more support in order to have enough support to enter the competition because of the lower competition cost. When the auction starts to slow down and you can work hard to reach it, there will be a new awakening to complete the finale.

Or like to create chat threads and be the first team to use chat threads instead of rushing to bet on the slots, log into Polka Dot first to improve your self-esteem and think about it. compete for slot machines when you are big and strong. , it is also an idea.

For app applications, Parachain auction normalization is best for them. As there are already a large number of parallel chain projects connected to Polkadot, the logic of multi-chain deployment should be followed and should only be deployed once for each relatively good Polkadot chain. As a result, the more Parachain, it can grow rapidly on its own, as further business expansions, and the Win-Win Polkadot ecosystem can grow.

Unlike some existing projects, thanks to Polkadot's status, many Polkadot distribution chains can bypass information from these different chains to create a cohesive system. Now Zenlink and RMRK are exploring better in this direction. We have presented this new format to Polkadot in detail in the "New Polkadot Ecological Track Different from Parachain: Distributed Blockchain Network Application".

3. For general users

The normalization of auctions makes Polkadot a new place to gather and play for the long haul, with plenty of room to get good tokens, and it is seen that DOT will prove to be sufficient and fully committed to innovation. player. .

Second, each Parachain project will begin to implement its own ecology. If Parachain could follow the public links in August, that is, through the publicity of its public support campaigns, it would attract and implement more mature and effective DeFi projects. . Its multi-channel ecological funds or sponsors can participate in ecological activities to quickly make their own TVL bigger and stronger, and publish it on various Polkadot parachaines. Incentive plans are also a great incentive for modern users. Choosing the best Parachain project that will support the development will make it easier to obtain the development grant.

P.s.

As of this writing, the second prize of the Polkadot Parachain has already been won and the third prize has been opened. There will be parachain around the 18th, which may bring new opportunities for cross-chain issues.

Of course, for the way through the new channel, we don't know how Polkadot Parachain will perform when it goes live, but according to experts and the most dedicated people in the industry, there is still a lot to look forward to. With the start of the year 2022, it should also unveil a new vision. The Web 3.0 horn is also buzzing, and now is the time for Polkadot to introduce the charm of "ropes in full bloom."