The Polkadot project led by Gavin Wood, who was a co-founder of Ethereum, announced the imminent launch of the Parachains protocol.

Parachains are decentralized application blockchains that connect to the mainnet and take advantage of its security and computing power.

Parachains are one of the building blocks of the Polkadut system.

Initially, the plan consisted of 100 “Parachains” slots, with an auction setting out who could “rent” Parachains for specific periods of time.

According for blog Published by the Polkadot team on February 25, some time slots will be made available for “judgment parachains,” also known as public good parachains.

These “Parachains in the Common Good” are designed to address the so-called “free rider” problem.

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Solve the free rider problem:

To understand the problem of the free passenger, we give the following example:

The government decided to impose a tax on car manufacturers to compensate for the pollution caused by it. In return, the cost of vehicles increases as car manufacturers add this cost to the price of the car, which leads to new buyers paying an additional amount.

Although everyone will later benefit from a less toxic and less polluted atmosphere, it is those who buy a new car that contribute to improving the environment and reducing pollution. Those who bought a car before the law was passed are considered free riders, as well as bike owners.

Polkadot wants to solve this problem known as the “free rider” by allocating a council and a technical committee to study the matter.

These boards will then decide whether to accept or refuse direct registration of certain Parachains.

According to the blog post, “Parachains” may appear at the system level and utility networks as eligible blockchain classes as a common commodity chain.

In other words and in a simpler sense, any Parachains that the Polkadot team consider to be beneficial to the overall ecosystem, bridges, identity projects, smart contract platforms, and governance would all theoretically be under consideration.

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The Polkadot blog states the following:

By allocating a subset of parachain slots, the entire network can realize the benefit of valuable parachains that may be underfunded due to the free rider issue.

Polkadot’s governance system will initiate social coordination and it will be exciting to see how it helps the network evolve to meet the needs of its constituent companies and stakeholders.

Polkadot prepares to launch Parachain:

The Polkadot team recently published a roadmap indicating that all upcoming parachains will be tested on regular parachain test networks, such as Rococo, and on the Kusama network.

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Kusama is a testing ground for parachain, which will allow developers to build, deploy, and experiment with Polkadot’s governance, installation, filtering, and validation functions.

Once the parachains are published, community members will have their say on additional features and network upgrades that should be incorporated over time.

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