Parity Technologies' Polkadot has launched a testnet, Rococo, of the protocol's first parachain specification, according to a blog Thursday.
Parachains underlie Parity Tech's vision of a "Protocol for protocols."
Rococo allows developers to "Register" a Substrate-based blockchain as part of Polkadot's grander parachain network.
Substrate is a blockchain building kit for other networks to interoperate as a Polkadot parachain.
Rococo is the first test of inter-blockchain communication through its Relay Chain logic.
Rococo launched as a Proof-of-Authority network under the governance of Parity Technologies.
The testnet will begin with three parachains, the firm said.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Polkadot Releases Rococo, Its Test Environment for Interoperable 'Parachains'
Published on Aug 6, 2020
by Coindesk | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.