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Trishla Tyagi
Dec 18, 2021
by Trishla Tyagi

Parachains Are Now available! The Polkadot Launch Is Complete

parachains polkadot
Polkadot is celebrating an exciting and historic day today. Polkadot's launch is officially complete, with all auction-winning parachains now creating blocks on the network, after 5 years of active development and a multi-stage launch that began in May of 2020.

Acala, Moonbeam, Astar, Parallel Finance, and Clover were the winning parachains in Polkadot's first round of auctions. All of them have been successfully onboarded and are manufacturing blocks after accumulating a tremendous amount of community support through crowd loans, totaling almost 100 million DOT locked.

The launch of parachains on Polkadot brings the initial concept expressed in the Polkadot Whitepaper (aka the Polkadot Paper) in 2016 to fruition. Polkadot's fundamental characteristics were defined in the Polkadot Paper, as well as the network's sharded multichain design. Parachains are the final piece of basic functionality to be completely introduced, as stated in the paper. Polkadot's future development will be decided by its community of DOT holders, who will vote on any future improvements via the network's on-chain governance mechanism.

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Parachains Are Now available! The Polkadot Launch Is Complete
Trishla Tyagi
Trishla is a crypto writer and social media aficionado. She has substantial experience in covering updates, events, and news related to the crypto space, along with rapidly expanding blockchain and financial technology markets. Her experience in the cryptocurrency market has led her to become a crypto hodler herself.

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