Jul 25, 2022 16:42
1 yr ago
44 viewers *
English term

Slot

English Tech/Engineering IT (Information Technology) Parachain
Slot in ''Parachain Slot Auctions''

To fairly determine which blockchains get to leverage the Kusama or Polkadot relay chains and their distributed computing power, the networks use Parachain Slot Auctions (or ‘Parachain Auctions’ for short).

Any explanantion as to what the word ''slot'' in this context technically means?
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Non-PRO (1): Yvonne Gallagher

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Responses

+2
2 hrs
Selected

A certain amount of computing power and carrying capacity of a network

A certain amount of computing power and carrying capacity of a network that the highest bidder can utilize (plug in). Since the network has a limited computing and carrying capacity, therefore its capacity, divided into slots, is auctioned to get the highest value.

A parachain slot is a scarce resource on Polkadot and only a limited number will be available. As parachains ramp up, there may only be a few slots that are unlocked every few months.
https://wiki.polkadot.network/docs/learn-auction

Parachain auctions on Polkadot and Kusama mark the beginning of parachain launches (or a renewal of the slot “lease” for each network), ...
To understand how Polkadot auctions works, it’s important to first understand parachains, which are individual blockchains running in parallel within the Polkadot and Kusama networks.
https://moonbeam.network/education/how-parachain-slot-auctio...



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Note added at 2 hrs (2022-07-25 19:12:47 GMT)
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It might have come from the term "expansion slot", where you can plug in an expansion card to upgrade the functionality of a computer.
Peer comment(s):

agree philgoddard
6 hrs
Thank you!
agree Anastasia Kalantzi
12 hrs
Thank you!
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4 KudoZ points awarded for this answer. Comment: "Thanks "
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