KILT decentralized identity project from Polkadot winner of new auction on Kusama
KILT decentralized identity project from Polkadot winner of new auction on Kusama KILT decentralized identity project from Polkadot winner of new auction on Kusama

KILT Protocol, an open-source blockchain protocol designed to issue standalone, anonymous and verifiable credentials, has won Kusama’s sixth parachain auction and launched its core network.

Thank you!

The KILTprotocol has received tremendous support from the community. On September 1, the project reached the maximum limit of 220,000 Kusama (KSM) for crowdloan in the Kusama parachain auction. “THANK YOU to our passionate community for supporting KILT in auction #6. Our 12,211 votes helped put KILT in the topspot,” KILT Protocol representatives wrote on Twitter after the win.

Speaking at yesterday’s Crowdcast event, KILT Protocol founder Ingo Rübe said the project will now begin deploying its global network, introduce governance and vault, and add functionality such as decentralized identifiers (DIDs) and verifiable credentials, with the goal of completing the next steps and achieving decentralization within the next two to three months.

The latest Kusama parachain auction is the first of the second batch of five Kusama slot auctions, which is critical to the future success of the Polkadot network, whose core network has been launched but is not yet fully functional. Polkadot is a blockchain protocol that combines multiple specialized blockchains into a multichain, in which individual blockchains (parachains) connect and are secured by a relay chain (learn more about this here). Given the limited number of parachains that can be supported in the main chain , slot auctions are used to select the parachains to be added to it.

Narura Network from Acala, Moonriver Network from Moonbeam, Shiden from Astar (previously named Plasm), Khala Network from Phala and Bifrost have already secured their Kusama parachain slots in the first batch of auctions held earlier this year.

Polkadot’s blog post on the second batch of Kusama parachain auctions reads: “While our recommendations to launch parachain on Kusama are full of sharpżności ze względu na niepewność nowego środowiska, to doświadczenie toruje drogę do szybkiego i płynnego skalowania Polkadot […]. Im częściej Kusama zostaje poddawana stress-testom, tym szybciej i łatwiej będzie płynnie wdrożyć Polkadot.”

Może Cię zainteresować:

= 728 ) betterads_el_width = [“728”, “90”]; else if ( betterads_el_width >= 468 ) betterads_el_width = [“468”, “60”]; else if ( betterads_el_width >= 336 ) betterads_el_width = [“336”, “280”]; else if ( betterads_el_width >= 300 ) betterads_el_width = [“300”, “250”]; else if ( betterads_el_width >= 250 ) betterads_el_width = [“250”, “250”]; else if ( betterads_el_width >= 200 ) betterads_el_width = [“200”, “200”]; else if ( betterads_el_width >= 180 ) betterads_el_width = [“180”, “150”]; if ( betterads_screen_width >= 1140 ) { document.getElementById(‘sanzydwxt-192260-1819026310-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 1019 && betterads_screen_width < 1140 ) { document.getElementById(‘sanzydwxt-192260-1819026310-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 768 && betterads_screen_width < 1019 ) { document.getElementById(‘sanzydwxt-192260-1819026310-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width < 768 ) { document.getElementById(‘sanzydwxt-192260-1819026310-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}]]>