{"id":14349,"date":"2023-12-15T16:06:30","date_gmt":"2023-12-15T15:06:30","guid":{"rendered":"https:\/\/kanga.exchange\/university\/?post_type=slownik&p=14349"},"modified":"2024-06-19T16:13:21","modified_gmt":"2024-06-19T14:13:21","slug":"parachain","status":"publish","type":"slownik","link":"https:\/\/kanga.exchange\/university\/en\/slownik\/parachain\/","title":{"rendered":"Parachain"},"content":{"rendered":"

Parachain is a shortened form from \u201cparallel chain\u201d. It is an additional parallel chain (chain) that works alongside the primary blockchain.
\nPolkadot and Kusama:
\nParachains are often associated with the Polkadot and Kusama ecosystem. Polkadot is a multichain platform, and Kusama is its test network. Both projects were created by Dr. Gavin Wood, co-founder of Ethereum.
\nLayer 1 in the Multichain Ecosystem:
\nParachains are considered Layer 1 in the multichain ecosystem, meaning that they operate directly at the level of the original blockchain, rather than being built as smart contracts on a layer above, as is the case with some other platforms.
\nBridges and Relay Chains:
\nIn Polkadot and Kusama networks, parachains are connected to the relay chain via bridges. The relay chain acts as the main chain, managing the consensus and security of the entire network.
\nSlot allocation:
\nSlot allocation (slot allocation) is the process by which parachains gain access to limited space on the main chain. Each slot is assigned for a specific period of time, allowing different parachains to use the main chain at specific intervals.
\nSharing Security:
\nIn the Polkadot and Kusama ecosystem, parachains share security with the relay chain, meaning they benefit from the computing power and security of the entire network.
\nMultilateral Interactions:
\nUnlike some other blockchains, where smart contracts operate on a single chain, parachains allow for multi-party interactions, which allows for more complex and extensive interchain interactions.
\nFlexibility and Scalability:
\nThe concept of parachains increases the flexibility and scalability of the blockchain ecosystem, allowing multiple parallel chains to operate simultaneously.
\nInnovation and Specialization:
\nEach parachain can be designed with specific applications or innovations in mind, allowing for the development of different functions and services within the Polkadot and Kusama ecosystem.
\nParachains are an important part of the development of the blockchain ecosystem, offering flexibility, scalability and the ability to collaborate between different parallel chains. Projects using this technology can adapt to different needs and applications, creating more advanced and diverse blockchain ecosystems.<\/p>\n