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Moonriver Set to Begin Five-Phase Launch Process on Kusama

Moonriver Set to Begin Five-Phase Launch Process on Kusama
  • Moonriver has just completed the first step of its five-phase launch process.
  • It is the first live parachain with an open and permissionless collator set powered by a custom parachain staking pallet.
  • In its next phase, it will begin to decentralize and add community-led collators.

Polkadot-based smart contract platform, Moonbeam, announced today that its companion network on Kusama, Moonriver, has completed the first step of its five-phase launch process. Phase Zero began last week when Moonriver started producing blocks on Kusama. This set up the network for the rest of the planned launch.

Notably, Moonriver is the first live parachain to have an open and permissionless collator set powered by a custom parachain staking pallet. This is essential to ensure censorship resistance and decentralization.

Within last week, the Moonbeam team finished verification of block production, finalization, and Moonriver’s interaction with the Kusama Relay Chain. Along with this, the team also upgraded Moonriver for fixes and compatibility with the latest versions of the relay chain.

Moving on, Moonriver will begin its phase one. In this phase, the community-led platform will begin to decentralize and add collators to the active set. As per its project updates page, these collators will take over block production for the network in the next few weeks.

The parachain plans to undergo several technology-related updates in this stage. This will include especially the collator election which will expand the active collator set to 32 active slots. These will be selected from the collators that performed best on the Moonbase Alpha TestNet. In phase two, on-chain governance will be enabled.

Moonriver has already shared a roadmap-like launch process for users on the Moonbeam website. It is similar to the ones followed by Kusama and Polkadot themselves. As per the process, each phase will last approximately one to two weeks, and it will take between four-six weeks in total to complete the rollout.

As of now, the platform has added that the Moonbeam foundation will manage staking and the collator set. Once the launch is complete, these will transition to an open and permissionless system.

Following the launch, all users will have full network functionality which includes staking, rewards, balance transfers, and smart contract deployment. Earlier, Moonbeam Foundation hosted a community-focused crowd loan for Moonriver’s launch. This received over 200,000 KSM from around 6,000 contributors globally.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.