Are you excited about parachains coming to Kusama? Are you a HODLer of memes and have one saved for every occasion? Say no more. This edition of the KusaMEME #YourWildestMemes competition is for you.
reddit.com/r/Kusama/comme…
The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time has come to move to the next stage: slot auctions.
BEAKING: Upgrade v0.9.1 passed council and is now a public referendum, fast-tracked to end Friday ~12pm CEST. This upgrade includes the code for parachains, auctions and crowdloans, reduces the min. vested transfer by 100x and reduces fees/deposits by 50x.
ₑₓₚₑcₜ cₕₐₒₛ.
Motion 310 has passed council to open the first parachain auction, and the very first auction on yours truly has now taken flight!
ₑₓₚₑcₜ cₕₐₒₛ.
kusama.polkassembly.io/motion/310
The key to my scalable multichain architecture, parachains connect to my network by leasing a slot on the Relay Chain via a permissionless auction.
• What are auctions? crowdloans?
• How to participate
• How to avoid scams
• FAQ
and more below🔻
bit.ly/3taABWZ
And just like that @KaruraNetwork has won the first auction and is now being onboarded as my very first parachain. More than 15,000 network stakeholders locked up KSM in favor of Karura being added to yours truly.
polkadot.js.org/apps/?rpc=wss%…
This is why #Web3 needs light clients like Substrate Connect.
Decentralized in-browser light clients are a unique feature of substrate-based networks, like @Polkadot and @kusamanetwork. Allowing users to securely and privately interact with blockchains - without third-parties.
Referendum 114 has passed, which set the Shell storage to Statemine's genesis and includes a call needed to update the UMP queue configuration to ensure that teleports from Statemine to yours truly will work properly. Up next, upgrading Shell to Statemine.
ₑₓₚₑcₜ cₕₐₒₛ.
With the next round of auctions scheduled to begin on September 1st, read about safe participation in crowdloans, and how the crowdloan process on Kusama and @Polkadot works:
Hey canaries, check your email if you signed up to receive the first NFT minted by Kusama governance on my common good parachain #Statemine. Codes to claim your free NFT will be sent to all the lucky 9,999 winners this week! 🚀
A little birdie told me a motion will be opened next Wednesday, October 6th (at the end of auction 10) to immediately begin an 11th auction that same day. Turns out there’s enough buffer time for a potential 11th auction to take place before the current lease period ends.