• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Friday, January 27, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Astar Network wins third parachain auction, DOT surges on news

News
by Gauri Bhatia
3 December 2021
Astar Network wins third parachain auction, DOT surges on news
Share on FacebookShare on Twitter

Japan-based Astar Network has won the third parachain auction after raising a total of 10,333,552 DOTs, worth approximately $372.9 million at currency prices. The first two auction bids were secured by Acala and Moonbeam networks.

With the winning of the Astar network, there are only two parachain auction slots left before the launching of the first five parachains on the Polkadot platform on Dec.17. Blockchains that won slots in the first five auctions, including the Astar Network, will connect to Polkadot at a block height of 8,179,200.

Decentralized project Polkadot aims at interoperability of several chains on its platform. However, the number of blockchains that can be connected to the Polkadot ‘Relay chain’ is limited to 100. Therefore, the projects which collect the largest amount of DOTs from supporters in a certain period can connect to Polkadot.

In addition, parachain refers to the individual blockchains that connect to Polkadot. All the 100 parachains that win the bidding will be connected to the core chain called the ‘relay chain’ of Polkadot.

Astar Network, previously known as Plasm Network, is a multi-chain Polkadot dApp hub that allows developers to add Plasma functions to their Substrate chain. Astar Network supports ‘Web Assembly, ‘Ethereum Virtual Machine’, and layer 2 solutions on its platform.

Previous Post

Bitcoin Capital AG lists two ETPs on Swiss Stock Exchange

Next Post

VanEck applies for digital asset mining ETF with US SEC

Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

Related Posts

Bitcoin, best January since 2013 ── American institutional investors lead | coindesk JAPAN | Coindesk Japan

Bitcoin, best January since 2013 ── American institutional investors lead | coindesk JAPAN | Coindesk Japan

by Damien Martin
27 January 2023

Bitcoin (BTC) has had its strongest start since 2013. The price of Bitcoin, the world's largest cryptocurrency by market capitalization,...

DEA releases collaboration NFT with popular mahjong game “Idol Janshi Suchie-Pai”

DEA’s NFT Marketplace Allows Buying With Fiat Currency

by Kurt Ebenzer
27 January 2023

Introduced fiat currency settlement to the NFT market Digital Entertainment Asset Pte. Ltd. (DEA), a global developer of the GameFi...

BuzzFeed Stock Soars 119% After OpenAI Content Boost

BuzzFeed Stock Soars 119% After OpenAI Content Boost

by Kurt Ebenzer
27 January 2023

BuzzFeed Stock Soars Following a report that US digital media company BuzzFeed plans to provide content using AI (artificial intelligence)...

No Result
View All Result

Recent Posts

  • Bitcoin, best January since 2013 ── American institutional investors lead | coindesk JAPAN | Coindesk Japan
  • DEA’s NFT Marketplace Allows Buying With Fiat Currency
  • BuzzFeed Stock Soars 119% After OpenAI Content Boost
  • Huobi Japan starts handling pallet token (PLT) | coindesk JAPAN
  • Ethereum L2 Demand Increases, Optimism Token Hits Record High
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News