Polkadot Parachains Go Live, Capping Yearslong Tech Build for Ambitious Blockchain Project

Polkadot Parachains Go Live, Capping Yearslong Tech Build for Ambitious Blockchain Project
Polkadot, an underlying framework for connecting various blockchains, has launched its first set of parachains, individual networks running in parallel to create a harmonized, interoperable ecosystem.Some five years in development, the milestone follows the completion of the first five parachain auctions, a system of crowd loans amassing large amounts of DOT, the native token of Polkadot, gathered from each blockchain’s respective community.The first five parachains going live – Acala, Moonbeam, Parallel Finance, Astar and Clover – are focused on a variety of topics from decentralized finance (DeFi), to investments and loans.Polkadot was conceived by Ethereum co-founder Gavin Wood to solve…