Kraken Bitcoin Exchange published this video item, entitled “Parachain Auctions Podcast: Polkadots and Moonbeams” – below is their description.
In this episode, Brian Hoffman, Kraken’s Crypto Platform Product Lead, sits down with Derek Yoo, the CEO of Purestake to discuss his team’s #Polkadot project #Moonbeam. Join the conversation as they discuss the fascinating world of Polkadot as Derek’s team embarks on a mission towards gaining one of the first slots on the new chain.
Recorded November 9th, 2021
00:37 – Moonbeam intro
01:30 – Success of Kusama’s Moonriver
6:05 – Unexpected issues and successes when Moonriver went live
11:30 – Polkadot vs Ethereum
13:00 – What makes Moonbeam unique?
18:40 Moonbeam’s crowdloan
29:18 – Moonbeam growth since Kusama auction
33:20 – What to make of bigger players integrating crowdloans into their platform
34:47 – Community interest (FOMO levels for Moonbeam)
36:17 – A taste of what’s to come
41:35 – Where to stay updated?
📱 Follow Derek, Moonbeam and Moonriver below📱
https://moonbeam.network/networks/moonriver/
🤔 What are Parachains? 🤔
Polkadot & Kusama Parachain Auctions Explained 🤔
Parachain slot auctions take advantage of Polkadot and Kusama’s ability to give developers ways to create new crypto assets and decentralized applications (dapps) on top of its blockchain.
For a little background, Polkadot (DOT) and Kusama (KSM) are designed around two types of blockchains:
📌 Relay Chain – The main network where transactions are finalized.
📌 Parachains – Custom blockchains anchored to the relay chain that use its computing resources to confirm that transactions are accurate.
👨💻 Where to learn more about Parachain Slot Auctions:
Most recent Blog Post: https://blog.kraken.com/post/11884/polkadot-parachain-auctions-are-now-live-on-kraken/
👉 Kraken Learn: https://www.kraken.com/en-gb/learn/parachain-auctions
📌 Kraken Blog: https://blog.kraken.com/post/9438
📜 Kraken Support Centre: https://support.kraken.com/hc/en-us/articles/360060824412
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#polkadotauction #GLMR #Kusama #parachains #Glimmer #MOVR #parachainauctions #DOT #auctions #para #moonriver
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The following information is provided to you for your convenience and for illustrative purposes only. It is provided by a third party (“Candidate”), not Kraken. It may be wrong and is subject to change.
Kraken does not guarantee, and does not assume any responsibility for, the acts or omissions of Candidate, the performance of their products or services, or the performance of the Kusama network.
These matters may relate (but are not limited) to: (i) any aspect of the Parachain Slot Auction process, such as its operation, outcomes, or functionality; (ii) any aspect of a Candidate’s Parachain Slot Auction bid, such as its success or failure, or whether the corresponding parachain network will be launched, functional, or deemed satisfactory or successful; (iii) the amount, functionality, value, or date of delivery of rewards for participation in a parachain slot auction; and (iv) your ability to reclaim any KSM you contribute in a Parachain Slot Auction.
Kraken does not recommend that you support, and does not endorse, Candidate or any other Parachain Slot Auction participant, or Parachain Slot Auctions in general.
Before participating in a Parachain Slot Auction, you must understand the risks and determine that such participation is appropriate for you.
See our Terms of Service for more information.
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Kraken Bitcoin Exchange YouTube Channel
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