Polkadot creator Gavin Wood proposes June 15 for first Kusama parachain auction

Polkadot and Kusama creator Gavin Wood has revealed a tentative schedule for the much-anticipated Kusama parachain slot auctions. 

According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time.

The tentative schedule, topic to the approval of the Kusama Council and different KSM stakeholders, will see the maiden parachain auction concluded by June 17, with the bidding interval persevering with till June 22.

If the Kusama Council approves the schedule, then the first-ever parachain slot auction winner may emerge by 11:00 am on June 22. The second parachain slot auction will then begin an hour later, with subsequent slot auctions slated at one-week intervals based on Wood’s submit.

After the first 5 weekly auctions, Wood advisable a pause to judge the efficiency of the community earlier than commencing one other batch of 5 parachain slot auctions based mostly on the aforementioned schedule.
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Back in May, Cointelegraph reported that Kusama was finally ready to host parachains. According to Wood, Kusama builders are assured that there are not any technical hurdles to holding slot auctions or deploying parachains.

These auctions will decide which parachains shall be added to the Kusama relay chain — a canary community for Polkadot. Detailing the necessity to get Kusama parachains up and working, Wood mentioned, “Kusama exists as the Polkadot canary network and therefore to help protect Polkadot from a serious issue by allowing functionality to exist in the wild for as long as possible,” including:

“Since the amount of protection it gives is in some way proportional to the amount of time it is active prior to Polkadot, there is a clear reason for deploying this logic as soon as possible for the good of Polkadot.”

The one-week headups given for the beginning of the method is reported to permit the neighborhood ample time to unstake their Kusama (KSM) to fund auction bids.