Mosaic Chain wins 73rd parachain slot on Polkadot for mainnet launch, testing new features.

From Investing.com.

August 14, 2024 08:11:15 converts to Wednesday, August 14, 2024 08:11:15 am:

Mosaic Chain secures 73rd parachain slot on Polkadot Relay Chain for mainnet launch, connecting from July 3, 2024, to May 8, 2026. Testnet soon to beta-test new features like NFT-based Consensus Mechanism. Plans to launch dApp ‘Mosaic Alpha V2’ for decentralized portfolio management using Token Baskets. CEO emphasizes need for dedicated blockchain for financial services.

High traffic during Polkadot auction validates candle auction process, preventing last-minute sniping. Winner chosen through random block selection from past seven days. Mosaic Chain built on Substrate framework to offer decentralized governance, trustless interoperability, forkless upgrades, and light-client support. Goal is to enhance decentralized network capabilities for developers and users.

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