$DOT | #PARACHAIN THREAD

A multi-chain solution b/o inter-chain operability = diverse ecosytem of individual chains with specific uses & specs!

So...
#Bitcoin 1st trusted accounting/transactions
#Ethereum 1st decentralized world computer
#Polkadot 1st internet of blockchains!!
#POLKADOT

Consensus in @Polkadot is reached via $DOT - it's PoS mech.

Crucially, $DOT provides holders a voting stake to add, remove or modify existing #parachains & participate in governance decisions of the protocol

Ecosytem thread by @M_GCinTw 🔥
https://twitter.com/M_GCinTw/status/1342180408440594435?s=19
2021 Parachain season

#POLKADOT (Relay Chain) + #KUSAMA guarantee security b/o amount of #parachains

Parachain slots, however, are limited & auctioned off

> Slots last 2yrs + bid for 6mth lease
> Cost is b/o market supply & demand
> PROJECTS MUST BOND $DOT AT AUCTION = SCARCITY
#POLKADOT | PARACHAIN AUCTIONS

Participants get tokens from substrate-based projects BY LOCKING their $DOT or $KSM, & after the lease period recieve their $DOT or $KSM back AS WELL AS A PROJECTS’ TOKENS.

THIS WILL MAKE $DOT & $KSM SCRACE WHILE GROWING THE #POLKADOT ECOSYSTEM 🔥
#POLKADOT | PARACHAIN AUCTIONSParticipants get tokens from substrate-based projects BY LOCKING their $DOT or $KSM, & after the lease period recieve their $DOT or $KSM back AS WELL AS A PROJECTS’ TOKENS.THIS WILL MAKE $DOT & $KSM SCRACE WHILE GROWING THE #POLKADOT ECOSYSTEM
#POLKADOT | PARACHAIN AUCTIONSParticipants get tokens from substrate-based projects BY LOCKING their $DOT or $KSM, & after the lease period recieve their $DOT or $KSM back AS WELL AS A PROJECTS’ TOKENS.THIS WILL MAKE $DOT & $KSM SCRACE WHILE GROWING THE #POLKADOT ECOSYSTEM
#POLKADOT | PARACHAIN AUCTIONSParticipants get tokens from substrate-based projects BY LOCKING their $DOT or $KSM, & after the lease period recieve their $DOT or $KSM back AS WELL AS A PROJECTS’ TOKENS.THIS WILL MAKE $DOT & $KSM SCRACE WHILE GROWING THE #POLKADOT ECOSYSTEM
#POLKADOT | PARACHAIN AUCTIONSParticipants get tokens from substrate-based projects BY LOCKING their $DOT or $KSM, & after the lease period recieve their $DOT or $KSM back AS WELL AS A PROJECTS’ TOKENS.THIS WILL MAKE $DOT & $KSM SCRACE WHILE GROWING THE #POLKADOT ECOSYSTEM
You can follow @CryptoMagnified.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.