Here is the ultimate guide to Polkadot and Kusama parachains.
Polkadot, which was founded in 2016 by Ethereum’s co-founder and former chief technology officer, Gavin Wood, is a layer-one heterogeneous scalable multi-chain network with shared security and interoperability. This means that the central Relay Chain provides layer-zero scalability and interoperability, and guarantees a secure message-passing between hundreds of simpler layer-one blockchains connected as parachains.
For example, proof-of-work networks are protected by PoW consensus options, just like others are protected by proof-of-stake options. All these networks handle diverse types of transactions and accounts that, in turn, makes their state machines unique. Also, Kusama has lower economic barriers for entry than Polkadot, thus launching a custom parachain is much easier, as well as becoming a validator due to the low minimum staking requirements. To increase the speed of the network, however, it has to provide less stringent governance parameters and partially give up stability and security.The Polkadot pliant architecture was created to facilitate interoperability between different blockchains.
As a mechanism of managing and implementing changes to blockchains, governance provides a means of accountable transparency and democracy for their communities. Unlike Kusama, Polkadot parachains are free to adopt any governance models they see fit, significantly reducing the probability of hard forks. Moreover, if a parachain doesn't want to create its own governance model, it can implement one of the existing, as it has access to a number of pre-built Polkadot on-chain governance models.
The Polkadot design also provides opportunities for privacy protocols that guarantee reliable operations with data while staying private. These valuable parachains are governance-granted, which means they are not allocated via the parachain auctions, but by the on-chain governance system. Their lease could only be removed via governance.Second, there are auction-granted parachains.
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