Polkadot: Parachain auctions are starting
November 8, 2021
Polkadot is a direct Ethereum competitor and a work a progress. But not for long, because the parachain auctions are starting. The market reacted positively when the good news spread last week and DOT is doing fine, while Bitcoin is still struggling to reach for a new high and breakout above 70.000 US-Dollars.
What is a Parachain, why is it so important and what will happen after the auction is closed? In today’s article, we are going to dive a little bit deeper into Polkadot.