Parity Technologiesâ Polkadot has launched a testnet, Rococo, of the protocolâs first parachain specification, according to a blog Thursday. Parachains underlie Parity Techâs vision of a âprotocol for protocols.â
- Rococo allows developers to âregisterâ a Substrate-based blockchain as part of Polkadotâs 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 (PoA) network under the governance of Parity Technologies. The testnet will begin with three parachains, the firm said.
Read more: Polkadot Raises $43M in 72-Hour Private Sale: Source