Kusama Network Slot Auction Rules Announced, Does the Blockchain World Need Polkadot?
Recently, Polkadot officially announced the Kusama online slot auction rules, which shows that the Kusama online slot auction, which has been hot for several months, is finally about to see its true colors.Last week, when Gavin Wood announced that the Kusama slot auction would be launched in the past few days, many leeks thought that KSM would rise sharply in response, but the result was that the currency price plummeted. A friend of mine opened a long contract immediately after seeing the news, and was directly liquidated , which looks very disrespectful to Gavin Wood.In fact, if we think about it, it is not difficult to understand that KSM has soared like a rocket in the past few months, from about 50U at the beginning of the year to nearly 600U. This is entirely because the Kusama slot auction needs to lock KSM, resulting in the scarcity of KSM sex.In the army of buying KSM, many people really want to lock up KSM to get token rewards from the parachain project side, but there are also many big dealers who have no faith in Polkadot, so they don’t care how far Polkadot can go , What I thought was to take advantage of the popularity to speculate the price of KSM currency. When it was actually launched, it was already difficult to continue to speculate through the popularity, so I threw away the chips in my hand, cashed out and left to find the next target.
I took a look at the details of the auction. If you want to participate in the lock-up auction, I have a few points to remind you. The participation of retail investors is actually a crowd loan initiated by the participating project party. This means that retail investors provide KSM to support the bidding of the project party. If the auction is successful, then your KSM will be locked. It depends on how many phases the project party bids for. If it is 4 phases, your KSM will not be able to move for 2 years. This is your contribution. The project party will thank you. Reward you with tokens from your own project.If the auction is unsuccessful and you do not plan to bid for the next issue, your KSM will be unlocked and returned to you immediately.When crowd lending, it is important to note that Kusama’s local crowd lending mechanism does not require users to send KSM from their own wallets to third-party addresses to participate in crowd lending.Local crowdloan will conduct special transactions by using a mechanism called active index, and the KSM provided by everyone will be locked in the active index, so your coins are safe.Of course, some project parties may choose to use other mechanisms or platforms for crowd lending activities. In this case, be sure to confirm with the official, if you transfer to the wrong address, there is no way to get your coins back.The popularity of Polkadot has lasted for more than half a year. The background of Dr. Gavin Wood's halo, coupled with the idea of a parachain can solve the problem of Ethereum congestion, has made Polkadot very topical.Before the first parachain is launched, Polkadot-based ecological projects have been enriched in this field, such as ACA of Polkadot defi track, CRU of storage track and so on.Polkadot has not been officially launched yet, but its ecology can be said to be the second largest ecology after Ethereum. There is a Polkadot ecology map below, you can also take a look.Chatting with friends these days, we are discussing a question, whether Polkadot is needed in the blockchain world, and whether Polkadot will be the same as EOS back then. It was brilliant at the beginning, and it was a mess at the end.The original intention of Dr. Gavin Woo to create Polkadot is to improve Ethereum. When he was still in Ethereum, Dr. Gavin Wood was worried about the expansion of Ethereum. However, since the leader of Ethereum is V God, Dr. Gavin Wood and V God did not synchronize well with some things, and then Dr. Gavin Wood simply created Polkadot.However, Ethereum has been running stably and safely for so many years now, and the above ecology has become the largest asset of Ethereum. In addition, the Ethereum team is constantly accelerating the solution to the expansion problem, whether it is short-term layer2 or long-term shard chain Well, this all shows that the Ethereum team has found it difficult to tolerate other public chains' continuous encroachment on the ecology of Ethereum on the issue of expansion.So when the upgrade of Ethereum layer2 is completed, is Polkadot's cross-chain technology still just needed?I have always admired Dr. Gavin Wood. Polkadot's parachain is actually farther than Ethereum's layer2, similar to Ethereum 2.0.In other words, it will take several years for Ethereum to complete what Polkadot is doing now, but the current Polkadot is like a beautiful sports car, which has not been tested at high speed, and there are many factors of uncertainty , and for Ethereum, as long as it is steadily upgraded until the completion of 2.0, then its status will be difficult to shake.From the current point of view, in the future public chain structure, only Polkadot has the strength to compete with Ethereum, while Binance Chain Huobi Chain and Ethereum are not rivals at the same level. After the short-term layer 2 of Ethereum is completed It will make it difficult for these two centralized public chains to survive.But Polkadot is different. If Polkadot develops well and this sports car starts to run, it will indeed pose a certain threat to Ethereum, just like the current Android and Apple systems, which will form a two-power structure.This is also a good thing for blockchain practitioners. Only when there is a choice can there be a driving force for change. In fact, Polkadot is like a shopping mall. The following items are counters. Fangfang is like a supermarket, all the commodities in it are managed by the supermarket, and the rules of the supermarket must be followed.Polkadot seems to be more flexible. After all, each parachain can be modified based on itself, such as the Android system, while Ethereum, like the Apple system, has to be built within the framework of Ethereum.In any case, the entire blockchain is becoming more and more lively, a bit like the early days of the Internet in the 1990s, when various innovations began to pour in, we are really very lucky to have access to the blockchain at this time, it has changed The fate of many people will change the fate of more and more people in the future.Right now, the slot auction should be officially launched in the next few days. Polkadot’s popularity has lasted for so long, and it will be officially launched soon to see its performance. If there is a problem, then it is an honor or a misfortune, Ethereum will have a strong opponent, we will just wait and see.
