After 5 years of research and development, a multi-stage launch that began in May of 2020, Polkadot launch is finally complete
Polkadot, a blockchain protocol that aims at bridging different blockchains, has announced that they have successfully completed the launch of their first five-set of parachains networks. Parachains will provide a unified interoperable ecosystem.
To mention them, Acala, Moonbeam, Parallel Finance, Astar, and Clover are the five Polkadot’s groundbreaking parachains that have just gone live. The achievement and milestone follow its five years of constant development. A successful plan to bring the parachains to the market.
The launch of parachains represents the culmination of the original vision outlined in the Polkadot Whitepaper in 2016. The Polkadot Paper outlined core features and sketched out the network’s sharded multichain design. Parachains are the final piece of core functionality, as outlined in the paper, to be fully launched. How project evolves from here is up to its community of DOT holders. Community will evolve future upgrades via the network’s on-chain governance system.
“After taking a bet on Polkadot and the Substrate framework when we started building over two years ago, we couldn’t be more excited to be launching Acala’s parachain to provide a DeFi platform and native, decentralized stablecoin (aUSD) to the Polkadot ecosystem and beyond,” said Bette Chen, Co-founder of Acala.
In his turn, Co-Founder Gavin Wood added: “No single blockchain design works optimally for every use case. Each chain comes with trade-offs making it good for some applications and not others. The parachain model was created with the belief that the future of Web 3 will involve many different types of blockchains working together.”
