Polkadot Highlights
The next phase for Polkadot and Substrate is here! Mark your calendars for the Sub0 Online Conference on October 13–14. This event will cover:
- Latest Substrate developments
- Insights from ecosystem projects
- A keynote by Polkadot founder Gavin Wood
Key Developments
- XCM Guide by Gavin Wood
Gavin published an introductory article on XCM (Cross-Consensus Messaging), explaining its purpose, mechanics, and future evolution. - Runtime Upgrade to v9090
Polkadot successfully upgraded after Referendum 33 passed. - Council Motion 107 Approved
Funding approved for Polkadot Ecology Institute’s treasury proposal. - Polkadot Ambassador Initiative
A Spanish-language Polkadot education hub is in development. - Referendum 32 Status
The proposal to increase validators from 297 to 299 is currently failing (4 days remaining).
Kusama Updates
Parallel Chain Auctions
- 6th Auction Winner: KILT secured the slot with 219,999.9 KSM locked.
- 7th Auction Live: Top bidders include Calamari (216,042 KSM) and Basilisk (156,345 KSM).
Governance Actions
- Motion 350 Passed: Initiated Kusama’s 7th auction.
- Motion 349 Approved: Funds allocated for Statemine integration into Kodadot UI.
- Referendum 132 Executed: Extended HRMP request TTL to 72 sessions.
Failed Proposals
- Referendum 133: Aimed to reverse Referendum 129’s effects but did not pass.
FAQ
Q1: What is XCM?
A: XCM is Polkadot’s messaging format for cross-chain communication, enabling interoperability.
Q2: How does Kusama’s crowdloan work?
A: Projects lock KSM tokens to bid for parallel chain slots; supporters contribute for rewards.
Q3: Why did Referendum 32 fail?
A: It required an absolute majority despite high DOT support, per Polkadot’s governance rules.
👉 Explore Polkadot’s official resources for deeper insights.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.