Polkadot Goes Live as Web3 Foundation Pushes Prospective Mainnet

[Paglamon]

Announced Tuesday, the genesis block of the blockchain-of-blockchains has been mined, according to a blog post from Web3 Foundation, Polkadot’s lead developer.

“This first stage of Polkadot CC1 provides two key things: Claims & attestation and staking,” Polkadot co-founder Gavin Wood wrote in another post. In other words, Polkadot’s governance parameters are being walked out for the first time with limited functionality.

Wood hinted at the impending soft-launch of the interoperability project earlier this month at the Ready Layer One conference.

Read more: ‘Very Near Launch’: Polkadot Founder Gavin Wood Details Network Rollout

An alternative vision for hosting decentralized applications (dapps), Wood began the development of Polkadot in late 2016. Wood also co-founded Ethereum – including writing the network’s yellow paper and its programming language, Solidity – before becoming disenfranchised with that blockchain’s progression toward a Proof-of-Stake (PoS) consensus algorithm (an overhaul commonly referred to as Eth 2.0).

“Polkadot CC1 is freshly born; beginning its ‘life’ at 17:36:21, Zug time,” Wood wrote. “We’re now at block #400, with Grandpa and Babe chugging along quite happily. So far so good.”
Source: https://www.coindesk.com/polkadot-goes-live-as-web3-foundation-pushes-prospective-mainnet