Kusama parallel chain bidding is officially launched tonight Boca ecology is about to explode?

What are the signs that the polka ecology is about to boom? First, Kusama’s first parallel chain auction will go live tonight at 8pm, when KSM token holders will be able to participate in the bidding.

Recently, there have been a lot of big events in the polka ecosystem.

First, the first Kusama parallel chain auction will go live tonight at 8pm, and KSM token holders will be able to bid on it. Secondly, on June 15, Coinbase Pro announced that it will go live with Polkadot (DOT), with trading starting at or after 0:00 BST on June 17, and deposits are now open.

Does this mean that DOT is really going to explode after 4 months of sideways consolidation of Polkadot ecology? And what are the signs that the polka ecology is about to boom?

Poca’s technical level surges

At the end of May, Robert Habermeier, co-founder of Boca, spoke at the Boca community conference Plkadot Decoded about the types of parallel chains in Boca, their functions, and their impact on the future.

During the presentation, Habermeier argued that “something has been on paper for a long time, but paper is not reality, reality is what the code is executing. That’s our goal, the parallel chain is actually in the real implementation of this whole process”.

Any fancy features will eventually be reflected in the technology. If the technology development is difficult and expected, the ecology will cease to exist. Recently, Poca has been able to make a lot of progress in terms of technology.

A few weeks ago, on May 26, Polkadot officially released Polkadot 0.9.3, which introduces Polkadot substitute nodes, adds correct indirect reward points, adds proxy calls to Westend and Kusama, and targets rustc 1.51.0 and rustc 1.53.0-nightly were tested.

On June 4, the parallel chain Shell has been officially upgraded to Statemine asset parallel chain, which means Kusama network is officially live with the 1st public interest parallel chain statemine, through which the public interest parallel chain can issue main network tokens, such as USDT, directly on boca.

Gavin announced the specific time and other arrangements for the Kusama auction. kusama plans to open the first parallel chain slot auction on June 15 at 20:00; the second slot auction on June 22, 2021 at 20:00 BST; the third slot auction on June 29, 2021 at 20:00 BST; the fourth slot auction on July 6, 2021 at 20:00 BST; the fifth slot auction opens on July 13, 2021 at 20:00 BST.

Before the Kusama parallel chain auction is about to start, more than 500,000 KSMs have been locked in the crowd lending platform, of which, more than 350,000 KSMs voted for Karura, 75,000 KSMs voted for Moonriver and 63,000 KSMs voted for Shiden.

For Boca ecology, only when the slot is online means that the ecological development is officially on track, and different parallel chains can interact with each other across chains to formally build the DeFi ecology belonging to Boca, while before that, all parallel development settings can only be understood as the infrastructure construction stage.

However, even so, the total market value of Poca ecology has exceeded $4.5 billion, of which DOT market value accounts for nearly 50%.

The number of polka ecological projects on different quotation sites varies, with paramarketcap including 88 polka ecological projects and coingecko’s “Polkadot Ecosystem” tab including 78 polka ecological projects with a market value of over $4.5 billion.

Polkadot is gaining capital interest

In February, PolkaWorld interviewed Jacob Phillips, a Polychain researcher, and Ben Perszyk, head of the Ecosystem Fund, who shared Polkadot’s biggest strengths and biggest innovations, respectively.

Polychain Capital is a well-known U.S. digital currency hedge fund and one of the most recognized venture capital firms in the crypto space. Investors include well-known venture capital firms such as Andreessen Horowitz (A16z), Boost VC and USV.

Polychain believes that Polkadot’s biggest strength is its community: besides Ether, Polkadot is arguably the deepest community and has the strongest appeal for developers. Even before the parallel chain has launched, we have seen a large number of teams creating core DeFi infrastructure based on Polkadot, including DEX, lending, synthetic assets, equity derivatives, privacy, and more. Additionally, we are impressed by some of the community-driven efforts creating developer tools, educational materials, and hackathons. the grassroots community growth of Polkadot seems to be positioning the platform as a Schelling point for economic activity in the crypto ecosystem.

Polychain believes that Polkadot’s biggest innovations are Substrate and application-specific chains: in the coming years, we believe that more and more developers will choose to build applications on blockchains optimized for specific scenarios. substrate significantly reduces the technical costs for teams wishing to go this route, and Polkadot makes these chains in ecosystem to become interoperable and composable. This will enable a new generation of applications that could not exist on a separate smart contract platform.

In addition, on June 15, Coinbase Pro officially stated that it will go live with Polkadot (DOT) and that trading will officially go live at or after 0:00 BST on June 17 once liquidity conditions are met.

Coinbase’s status as the world’s largest compliant exchange also speaks volumes about capital’s concern for the Polkadot ecosystem.

That’s not all; in June alone, there were several incidents where the world of big capital was concerned about boca ecology.

First, in early June, the Swedish stock exchange NGM (Nordic Growth Market) now offers trading services for polka ETPs (exchange traded products), officially labeled “VALOUR POLKADOT (DOT) SEK”. The ETP is a product of digital asset investment firm Valour and is now live on the exchange.

Second, in early June, private venture capital firm Master Ventures launched a $30 million fund for crypto projects aimed at creating a parallel chain slot on Polkadot. The Master Ventures Polkadot VC Fund, the first of its kind, will invest in the most promising projects of Polkadot and its canary network Kusama, according to a statement from Master Ventures.

Finally, on June 12, Ether co-founder Anthony Di Iorio said he is investing in Cardano and Polkadot and betting on their future.

In an interview, Anthony Pompliano said.

“Now I’m back to simply living. I’m involved in a lot of different projects, but most of them are top-notch. I’m a huge fan of Polkadot, I’m a huge fan of Cardano. a huge fan of Charles (Cardano’s founder). You know, taking some different approaches in the way they do things, more on the academic side, what he does and coming up with things. I’m also a big fan of Gavin-Wood.”

Kusama parallel chain bidding is officially launched tonight Boca ecology is about to explode?

So, is Boca Ecology about to explode? We’ll see.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/kusama-parallel-chain-bidding-is-officially-launched-tonight-boca-ecology-is-about-to-explode/
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