Blockchain Projects Competing For Limited Spots on This Multi-Billion Dollar Crypto Network’s Upcoming Slot Auctions – Entrepreneur

Blockchain Projects Competing For Limited Spots on This Multi-Billion Dollar Crypto Network’s Upcoming Slot Auctions – Entrepreneur

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This story originally appeared on ValueWalk

Following the successful completion of the first installment of the Kusama parachain slot auctions throughout June and July, the Kusama team is gearing up to launch the next round of the auctions.

Q2 2021 hedge fund letters, conferences and more

Scheduled to commence September 1st, the forthcoming auctions will see the community’s most popular projects join the ecosystem via fair and secure auctions. The Kusama team will host five rounds of auctions over five weeks, whereby auctions begin within two days of initial bidding followed by a five-day ending period.

Kusama acts as the test environment, or canary network, for developers to experiment and validate the efficiency of their code and DApps before officially releasing them on Polkadot. Due to the trial-and-error nature of the Kusama testnet, developers can take advantage of a less stringent governance framework as well as lower staking requirements compared to the Polkadot network.

Kusama’s live blockchain network delivers a functional market and testnet conditions that other chains cannot provide. Kusama can achieve up to four times faster performance than Polkadot while maintaining scalability and interoperability as part of the revised governance process. This is why most of the upcoming blockchain projects are lining up to deploy their DApps on the Kusama network.

Following Up The Success Of The First-Ever Parachain Auctions

The first five rounds of the Kusama parachain slot auctions witnessed tough competition as value-added blockchain initiatives bid
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