The Kusama Council has initiated a pivotal motion vote to upgrade the network to v0.9.1, deploying audited parachain, auction, and crowdloan functionalities. This marks a significant milestone for Kusama, enabling parallel chain operations and decentralized fundraising mechanisms.
Key Developments
1. Runtime Upgrade Approval
- Polkadot released v0.9.1 on May 13 (UTC), integrating audited parachain code.
- The Kusama Council, including PolkaWorld, swiftly approved the motion, accelerating the process via the Technical Committee.
- A public referendum is underway, with execution expected by May 14 (~9 PM UTC).
2. Statemint: The First System Parachain
- Statemint, Parity’s generic asset parachain, will debut as a common-good parachain on Kusama.
Features:
- Enables asset deployment directly on Kusama/Polkadot.
- Eliminates reliance on Ethereum’s ERC-20 for token issuance.
- Zenlink, a cross-chain DEX, plans to launch assets on Statemint and introduce a crowdloan DApp for auction participation.
3. Auction Timeline
- Post-upgrade, Kusama will support auctions/crowdloans.
- Statemint’s activation precedes the first auction. Voting for Statemint is anticipated soon.
- PolkaWorld will provide real-time updates and tutorials.
Actionable Steps for Participants
For Projects:
- Finalize auction strategies and crowdloan preparations.
- Ensure compliance with Kusama’s decentralized governance.
For Users:
- Unlock KSM tokens for crowdloan contributions.
- Research projects thoroughly—never transfer KSM to unverified addresses (high risk of scams).
Spotlight: Crust Network
Crust Network delivers a decentralized storage solution for Web3, supporting IPFS and other protocols. Its Maxwell preview network mirrors mainnet functionalities, including staking and decentralized storage markets. Recognized by Substrate Builders and Web3 Foundation, Crust prioritizes data privacy and ownership.
FAQs
1. When will Kusama parachains go live?
- Expected within 24 hours post-referendum (May 14).
2. What is Statemint’s role?
- A foundational parachain for asset issuance, reducing dependency on external networks.
3. How can users participate in auctions?
- Monitor official guides from PolkaWorld and ensure KSM is unlocked.
4. Are there risks in crowdloans?
- Yes. Only engage via verified platforms—avoid unsolicited contract addresses.
5. What makes Crust unique?
- Combines decentralized storage with compute layers, endorsed by Web3 Foundation.
👉 Explore Kusama’s parachain auctions
👉 Learn about decentralized storage with Crust
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