{"id":3239128,"date":"2021-07-08T19:19:57","date_gmt":"2021-07-08T18:19:57","guid":{"rendered":"https:\/\/theglobalherald.com\/business\/cryptocurrency\/parachain-auctions-podcast-exploring-karura-with-dan-reecer\/"},"modified":"2022-02-05T21:16:03","modified_gmt":"2022-02-05T21:16:03","slug":"parachain-auctions-podcast-exploring-karura-with-dan-reecer","status":"publish","type":"post","link":"https:\/\/theglobalherald.com\/business\/cryptocurrency\/parachain-auctions-podcast-exploring-karura-with-dan-reecer\/","title":{"rendered":"Parachain Auctions Podcast: Exploring Karura with Dan Reecer"},"content":{"rendered":"
Kraken Bitcoin Exchange published this video item, entitled βParachain Auctions Podcast: Exploring Karura with Dan Reecerβ β below is their description.<\/p>
π£ We are joined by the winner of the first parachain auction. In this episode, Brian sits down with Dan Reecer, the VP of Growth for Acala and Karura. Listen as Dan breaks down Karuraβs launch plan and the big picture strategy for Acala.<\/p>
Recorded May 24th, 2021 π£<\/p>
π± Follow Acala and The Karura Network π±<\/p>
Linktree: https:\/\/linktr.ee\/karuranetwork<\/a><\/p>
Twitter: https:\/\/twitter.com\/AcalaNetwork<\/a><\/p>
π± Dan Reecer π±<\/p>
Twitter: https:\/\/twitter.com\/danreecer_<\/a><\/p>
β οΈ Be sure to follow us on your favourite podcast platform. <\/p>
πApple: https:\/\/podcasts.apple.com\/ca\/podcast\/parachain-auctions\/id1567923627<\/a><\/p>
π Spotify: https:\/\/open.spotify.com\/show\/0LcLxV4tYLPLNN5ZEmyyWd<\/a><\/p>
π€ What are Parachains? π€<\/p>
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\u2019s network security.<\/p>
π Parachain slot auctions take advantage of Polkadot and Kusama\u2019s ability to give developers ways to create new crypto assets and decentralized applications (dapps) on top of its blockchain.<\/p>
π 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. <\/p>
π· 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. <\/p>
π£ Projects may, in their discretion, give rewards to contributors who support their winning bid. <\/p>
π If the auction is lost, the KSM bonded by contributors may be re-claimed at the end of that project\u2019s specified campaign duration, which may last for one or more auctions. <\/p>
π¨βπ» Where to learn more about Parachain Slot Auctions:<\/p>
π Kraken Learn: https:\/\/www.kraken.com\/en-gb\/learn\/parachain-auctions<\/a><\/p>
π Kraken Blog: https:\/\/blog.kraken.com\/post\/9438<\/a><\/p>
π Kraken Support Centre: https:\/\/support.kraken.com\/hc\/en-us\/articles\/360060824412<\/a><\/p>
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