PrimeXBT Lead Analyst Kim Chua: Dot and KSM Ready To Surge As Parachain Slot Auctions Nears
Polkadot (DOT), the blockchain much touted as the ETH-killer, will finally be on its way to hosting projects on its blockchain in the coming three months. While the exact timing has not been fixed, it is estimated to begin once its canary chain, Kusama (KSM), completes its fifth parachain deployment. What exactly is DOT, KSM, the parachain slot auction and why will the slot auction be positive for the price of DOT and KSM? DOT is the native token for the Polkadot blockchain with smart contract capability that uses a new proof-of-stake consensus mechanism that is vastly different from the other proof-of-stake blockchains out...