Definition of Parachain. Meaning of Parachain. Synonyms of Parachain

Here you will find one or more explanations in English for the word Parachain. Also in the bottom left of the page several parts of wikipedia pages related to the word Parachain and, of course, Parachain synonyms and on the right images related to the word Parachain.

Definition of Parachain

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Meaning of Parachain from wikipedia

- user-created parallel chains called "parachains". The relay chain acts as the governance layer of the network, while parachains are auctioned, enabling users...
- blockchain that aims to become Polkadot's "smart contract hub" and serves as a parachain for Polkadot. The native token is "ASTR". The developers are members led...
- their own blockchain that can talk to other ledgers, forming a system of parachains. Developers can decide what kind of transaction fees to charge and how...
- Polkadot May 26, 2020 DOT Started with PoA then moved to PoS Yes No No Parachains on Polkadot support smart contracts, but not the relay chain. Avalanche...