Ready Layer One: Base Layer Protocols Team for Virtual Developer Event
A virtual conference is being organized by a bevy of base-layer protocols – the Web3 Foundation, Near, Cosmos, Tezos, Protocol Labs and Polkadot.
Swisscom Blockchain has been awarded a grant from the Web3 Foundation to build a cloud-based protection layer for the Polkadot network.
Polkadot has released its first testnet, Rococo, for its parachain network. The testnet will commence with three parachains, Parity Technologies said.
Polkadot’s interconnected web of blockchains will require “a totally different application programming paradigm,” said Web3 Foundation tech lead Joe Petrowski.
It's only a proof-of-concept at this point, but there's now a model for locking BTC on the Bitcoin blockchain and minting PolkaBTC on Polkadot.
Polkadot is now live, following the launch of its first “chain candidate” (CC1).