What is a card slot auction (ksm card slot auction)
What is a slot auction? What is a slot auction? In the Ethereum network, when users want to auction blocks of a blockchain, they will first select the chain to participate. After auctioning slots through smart contracts, this public chain can allocate its block rewards to other developers for use. That is to say, for the convenience of everyone’s understanding and application, the card slot is a token used for mining, used for transactions or payment of transaction fees So what is a slot auction? We know that Cosmos, the bifurcated coin of Bitcoin, was created by the technology of “heterogeneous multi chain”. However, with the emergence of Ethereum network congestion, high transaction costs and more and more projects trying to solve this problem, these problems have emerged. For example, V Shen, the founder of Ethereum, believes that “if you don’t participate in this event, the whole network will collapse and all tokens will be reset to zero.”; And because the cross chain function of Cosmos can support the migration of more assets, it has become a viable Cryptocurrency asset. (Babbitt)
ksm slot auction
According to reports, the fifth round of slot auction for ksm will start on July 2nd. The current bidding users include Aave, Compound, 1inch, and 0x. It is reported that the KSM card slot auction will last for 48 hours, once every two weeks In this round of auction, the first batch of parallel chains will be invited to participate in the network’s testing network upgrade (expected to be in mid August), and the developers will make the final decision. The second batch of projects will launch their own main network launch process in the next few months. (Medium)
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