Polkadot whale and notable neighborhood member @DonnieBigBags tweeted that the Polkadot to Kusama bridge will likely be rolled out on the finish of this yr. He added that, by formally connecting each chains, Kusama is “extra necessary than ever.”
This, in my view, makes $KSM extra necessary than ever earlier than.
With that, ought to we anticipate Kusama to step out of Polkadot’s shadow and discard its standing as a “canary community?”
The Canary Community
Polkadot and Kusama each provide third events a extremely scalable interoperable platform to function their very own blockchains.
Builders Parity Applied sciences constructed each networks, porting Polkadot’s codebase to Kusama with minor tweaks, making them virtually similar.
Nonetheless, Kusama’s position within the Polkadot ecosystem is as a preparatory community. In that, builders experiment with improvements there earlier than launching on Polkadot.
On that, @DonnieBigBags points out that Kusama “isn’t a testnet,” saying some tasks choose to remain relatively than transfer to Polkadot, giving $KILT for example of a challenge that’s doing this.
And, with the $DOT – $KSM bridge that’s quickly to launch, he implies extra tasks will observe $KILT’s instance and follow Kusama.
“$KSM is NOT a testnet and there are tasks solely deploying on there.
It doesn’t want a $DOT parachain.”
Kraken additionally weighs in on this by saying as a result of the Kusama community already hosts substantial financial worth, it’s unreasonable to name it a testnet.
Kintsugi wins the most recent Kusama parachain slot
The eleventh parachain public sale slot was gained by Kintsugi as bidding closed on Wednesday. The challenge attracted over 8,000 contributions bringing in a complete of 200,000 $KSM ($74,445,973).
Kintsugi is a Bitcoin bridge that may convey liquidity for parachains resembling Karura, Shiden, and Moonriver, with the objective of accelerating ecosystem progress.
“kBTC is a 1:1 Bitcoin-backed asset on Kusama, maintained by a decentralized community of collateralized Vaults.”
Commenting on the win, Alexei Zamyatin, the CEO of Interlay, the event agency behind Kintsugi, stated the extent of help obtained spurs the crew to wish to exceed expectations.
“Seeing this degree of help is extra rewarding than the rest — and motivates us to outperform all expectations and show our value to our neighborhood. We’re constructing the very best bridge on the market — and gained’t cease till we’ve modified the centralized establishment.”
Parachain auctions work by $KSM token holders bidding for which challenge they wish to see on the community.
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