Introduction
Polkadot is gearing up for a significant milestone with the imminent launch of the Shell parachain. This article covers the latest developments in the Polkadot ecosystem, including governance updates, technical advancements, and Kusama network activities.
Polkadot Updates
Shell Parachain Proposal
- Motion 121: The Polkadot Council has approved Motion 121, proposing the registration of the Shell parachain on Polkadot. This minimal-functionality parachain lacks even basic account features and only processes messages from the relay chain. It will later upgrade to the Statemint common-good parachain via a public referendum.
- Referendum 41: Currently under public voting, this proposal will decide the fate of the Shell parachain. Voting concludes in 3 days. Track the vote here.
Brand Decentralization
- A chain-based vote is underway to decentralize the Polkadot brand, approved by the Council on January 4, 2021. This initiative aims to empower the community in shaping Polkadot’s future identity. Learn more about the vote.
Technical Releases
- Polkadot 0.9.12-1: Parity has released this runtime-only update. Validators do not need to upgrade their node software. View release notes.
Staking and Governance
- Referendum 40: A proposal to reduce Polkadot validators to 259 is currently failing. Check the status.
- Staking Rate: Polkadot’s staking rate has dropped to 56%.
Kusama Network Highlights
Auctions and Crowdloans
- 12th Slot Auction: Ongoing since October 25, 2021, with Picasso leading during the candle period. The auction is expected to conclude on November 1. Monitor the auction.
- Locked KSM: Approximately 2.53 million KSM (21.8% of total supply) is locked in crowdloans and parachain slots.
Governance and Upgrades
- Referendum 145: Passed, adding 100 validators to Kusama’s active pool. Details here.
- Referendum 147: Approved, updating Statemine XCM and modifying XCM parameters. View the vote.
- Referendum 148: Upgraded Kusama to runtime 9122. See the results.
- Motion 385: Calamari’s runtime upgrade proposal passed and executed. Read more.
Community Discussions
- A proposal to reduce HRMP channel deposit requirements is under community review. Join the discussion.
Security and Best Practices
Polkadot.js Extension
- Installing the Polkadot{.js} browser extension helps block known scam sites. Download here.
- Report new phishing sites to enhance security. Submit here.
FAQs
What is the Shell parachain?
The Shell parachain is a minimal-functionality chain designed to upgrade into Statemint, a common-good parachain.
How does Kusama’s auction system work?
Kusama uses candle auctions, where bidding occurs during a randomized "candle period" to prevent last-minute sniping.
Why is Polkadot’s staking rate declining?
Fluctuations in staking rates reflect changes in validator rewards and community participation.
Additional Resources
👉 Explore Polkadot’s latest developments
👉 Dive deeper into Kusama auctions
Conclusion
Stay tuned for more updates as Polkadot and Kusama continue to evolve. For real-time tracking, use the provided links and engage with the community through governance proposals.
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