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Far from being the “next Ethereum,” an “Ethereum killer,” or competitor to other networks, Polkadot dismisses the idea that there should only be one blockchain. The Relay Chain is “layer 0” of Polkadot, handling https://forexhistory.info/ consensus, security, and cross-chain interoperability. It manages a relatively small number of transaction types including governance mechanisms, Parachain slot auctions and leases, and the staking process. The Kusama network is already running the upgraded logic for parachain-hosting, Gavin Wood announced today —
