Polkadot (DOT) has set a timetable for the debut of the parachute auction on November 11, following unanimous approval from blockchain board members in the chain. Polkadot (DOT) has set a timetable for the debut of the parachute auction on November 11, following unanimous approval from blockchain board members in the chain. The news is a remarkable achievement as it fulfills the last major technical element of the white paper published five years ago. Parachains are a unique characteristic of Layer 1 block circuits that work alongside the Polkadot core network and are also connected to the Polkadot relay circuit. Their target functionality is evident in many areas – from decentralized financing to smart contracts.As representatives of Parity Technologies at the Sub0 conference, Polkadot founders Gavin Wood and Robert Habermeier confirmed that Polkadot now has the technical skills to implement Parachain, tenders, and loans for the first time. In an immediate response, proposal No. 118
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