Polkadot is ready for the auction of parachains, blockchains parallel to the central Relay Chain, and able to communicate with other blockchains for applications, smart contracts, DeFi or other specific functions. The team, after a long period of study, testing and development, has approved the launch phase of Polkadot and now it will pass to the vote of the community! The launch of the first Polkadot parachain auction will be on 11 November.
For those who follow the project founded by Gavin Wood and Robert Habermeier, they know well what the great goal of Polkadot is: interoperability between the multitude of blockchains. In fact, although the sector sees an increasing number of projects linked to its own network being born every day, the problem we are already noticing is the communication between them.
Despite the creation of bridges that somehow connect some blockchains faster, over time there will be a need for simpler, fluid and faster communication, as well as cheaper. For this reason Polkadot was developed.
The goal is to create blockchains parallel to the main one in order to allow efficient communication but also to connect the other blockchains with each other. Furthermore, and this is even more interesting, the possibility of obtaining its own blockchain, with its own tokenization and immediately being connected with all the existing ones.
In fact, not all companies are willing to hire a blockchain engineer and wait for the development of a stable network. Thanks to Polkadot, it is therefore possible to purchase a ready-to-use and customizable blockchain and this is truly incredible.
The blockchain will be a technology increasingly adopted in all sectors and in my opinion it is essential that access to its use is simple and immediate, not everyone has the time, the desire and the right information to understand all the technical aspects. Few care how the internet, nodes and exchanges technically work, but everyone wants to be connected to the network and for this they are willing to pay even more.
The enthusiasm of this new phase of Polkadot is dragging the buying pressure on DOT on the markets which has registered a 20% increase since the announcement of the parachain auction. At the moment the coin has surpassed the value of 40 dollars but many are betting that it will double its value over the next few weeks.
We'll see.