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31 July 2021

Kusama Adds Bifrost as the Latest Parachain after Winning Auction

Kusama Adds Bifrost as the Latest Parachain after Winning Auction


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Bifrost is now the sixth Parachain on the Polkadot canary network, Kusama.

As per a post on Twitter on July 20, the project, which allows for staking liquidity on Polkadot’s Substrate, won the fifth and final Kusama Parachain auction slot, raising over 139k KSM coins from more than 5k unique addresses.

Like other Parachains, Bitfrost will exist independently on its chain, adopting its unique consensus algorithm but will draw its security from Kusama.

At the same time, the source of revenue for staking will be from offering security through staking in other Proof-of-Stake consensus algorithm networks

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