What is a Parachain Crypto?

What is Parachain in Polkadot?

Parachains are custom, project-specific blockchains that are integrated within the Polkadot (DOT) and Kusama (KSM) networks. Parachains can be customized for any number of use cases and feed into the main blockchain, called the Relay Chain, considered to be the heart of the Polkadot and Kusama networks.

What does Polkadot Crypto do?

Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network.

What are parachain auctions?

A parachain is an individual blockchain on the Polkadot ecosystem. Parachain auctions, in turn, allow DOT developers to register their projects on a parachain and get crowd loan funding for their projects — provided the governing Polkadot Council gives the idea its green light.

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