Data from the GitHub software source shows that Polkadot recognized more than 500 contributions daily in September, putting the multi-chain protocol at an all-time high.
- Polkadot’s XCM cross-consensus interoperability standard statistics reveal that 26,258 messages were transmitted between its parachains. On Polkadot’s GitHub in August, 14,930 developer contributions were recorded.
- 66 blockchains are now operational on Polkadot and its parachain startup network Kusama, according to project developers.
- Over 140,000 messages have been sent and received between chains across 135 messaging channels since the system’s launch. Together, the Polkadot and Kusama Treasuries have distributed a total of 346,700 KSM and 9.6 million DOT ($72.8 million) to finance budgetary requests in the ecosystem.
See Related: Wanchain Deploys New Bridges Connecting Moonbeam, Moonriver, Polkadot and Wanchain
What Are Polkadots Parachains?
- Parachains are Individual layer-1 blockchains tested on Kusama and operate in parallel on Polkadot. Parachains often support their tokens and tailor their functionality to certain use cases.
- Projects must participate in a parachain auction to be accepted as a parachain on Polkadot and Kusama. These auctions are the best equitable way to divide the available spaces.
- Participants in the parachain auction are given a certain length of time to submit bids on the projects they would want to see get a parachain slot. The project that received the greatest support at a randomly chosen bidding process will typically be granted access to a parachain slot.
- Crowd loans are used as the medium for auctioning off parachain slots, with the winning enterprise receiving the position. The first of its type happened in November of last year.
See Related: Polkadex’s Crowdloan Campaign Raises 973,324 DOTs ($13.8M) To Secure The 16th Polkadot Parachain Slot
