Kraken Bitcoin Exchange published this video item, entitled “Who’s Calling the Shots at Polkadot?” – below is their description.
Today we welcome back Dieter Fishbein, Head of Ecosystem Development at Web3. In this conversation we uncover the mysteries of Polkadot’s governance, how the 11th Kusama auction snuck into batch 2, and a retrospective look at the auctions to date.
Recorded November 10th, 2021
🕸️ Web3 🕸️
https://twitter.com/web3foundation
Link Dieter mentioned:
https://polkadot.network/launch-roadmap/
⚠️ Be sure to follow us on your favourite podcast platform.
👉Apple: https://podcasts.apple.com/ca/podcast/parachain-auctions/id1567923627
👉 Spotify: https://open.spotify.com/show/0LcLxV4tYLPLNN5ZEmyyWd
00:00 – Intro
00:27 – What’s been happening since Dieter’s last podcast?
03:00 – A quick recap on Polkadot parachains
05:03 – Learnings from the Kusama parachains
16:00 – The Altair Win
18:55 – Diving into Polkadot’s governance
23:15 – What if the community makes a bad decision?
25:00 – Polkadot, the layer zero protocol
27:21 – What is the Council?
38:05 – What is the Technical Committee?
40:20 – Participating as a regular user
47:19 – How do things work at Web3?
52:52 – Crowdsourcing the brand redesign
55:40 – The 30-second Parachain Participation Pitch
57:50 – Where to stay up to date
🤔 What are Parachains? 🤔
Parachains are custom blockchains that are integrated within the Kusama network. They can be customized for any number of use cases and feed into the main blockchain and heart of its network, called the Relay Chain, thus benefiting from Kusama’s network security.
📚 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.
📝 Importantly, only 100 parachain slots are expected to be available, a number that is flexible and subject to change by governance vote over time. To claim one of these slots, the parachain projects have to win a parachain slot auction.
📷 For Kusama auctions, the project with the most KSM bonded to support its bid, at the time the auction snapshot is taken, will generally be able to claim the auctioned parachain slot.
📣 Projects may, in their discretion, give rewards to contributors who support their winning bid.
📌 If the auction is lost, the KSM bonded by contributors may be re-claimed at the end of that project’s specified campaign duration, which may last for one or more auctions.
👨💻 Where to learn more about Parachain Slot Auctions:
👉 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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#polkadot #parachains #web3 #polkadot #parachainauctions #DOT #auctions #para #web3foundation #KSM
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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.
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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