Binance declared its support for the Polkadot Parachain Slot Auction in November 2021 in the News section of its blog. Participants will be notified closer to the auction. Polkadot is ready for the parachain deployment, according to the project’s co-founder.
Parachains are used to achieve complete interoperability across multiple Layer 1 networks. To join the network, each chain must gather the required amount of votes through auctions. Previously, the Kusama network conducted several auctions in June and July to test the procedure.
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