Top 7 Canary Network

#6 Khala Network ($K-PHA) is the @PhalaNetwork pre-mainnet on $KSM, which is a privacy-preserving cloud computing service and runs as a parachain on @kusamanetwork. Image
1/Khala offers computing power comparable to existing cloud services but which protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside TEE Enclaves in CPUs.
2/Khala can apply new tech & test out their performance and stability to see if they are worth applying on the Polkadot.Khala will utilize all of the core underlying tech stack such as: TEE Mining, Gatekeepers, Governance Module... & these features are continuously innovating.
3/TEE mining reward on Khala is up to 10,000,000 $K-PHA; The Khala TEE CPU Staking Requirements, Daily Reward Amounts, and Halving Cycle will be released soon;
Other design aspects are the same as the existing @PhalaNetwork Token Economics Model.
4/The inflation algorithm will follow the model described in the @PhalaNetwork whitepaper. The intent is to use yield to incentivize a healthy fraction of coin in the system into being staked on Gatekeepers to ensure the safety of the system while imposing a cap on inflation.
5/When Khala Network is live, @PhalaNetwork development team will go through several milestones, including POA → Gatekeeper & TEE mining launch → parliamentary election → moving out sudo.
The initial governance module will adopt a general Substrate module.
6/When TEE mining begins, profits will be collected to the Phala Treasury. Democratic votes on financial committee proposals and public proposals will dictate future distribution.
7/Phala core team members came from famous Internet companies such as Google, Tencent, etc. Hang Yin, Co-founder and Chief Scientist of Phala Network, was the head developer for the new Equihash mining algorithm of Bitcoin Gold.
8/Phala & Khala have partnership with many top projects of Polkadot ecosystem to help them to enable massive cloud processing without sacrificing data confidentiality. Image

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More from @PolkaWarriors_

26 May
The $KSM parachain auction is on the verge now & all is looking forward to seeing it. The preparation for the parachain rollout has come to the final steps. Despite the fact that the market is in a correction phase, DOT's projects are still busy preparing for the auction on KSM Image
Last week, the ecosystem has welcomed a lot of good news from different projects including the launching of new canary network & product, the closing of financing round.

Let’s together summarize severals highlights of last week and wait for more new updates in the near future.
1/@current - a leading U.S. financial technology company has partnered with @AcalaNetwork . The partnership has brought Hybrid Finance (HyFi) combining both traditional and decentralized financial applications.

Read 25 tweets
26 May
1/Speaking at #Consensus2021, @gavofyork expresses that currently, EVM is still very popular for most of blockchain developers & @Polkadot will always be ready to support EVM. However, he also emphasizes that for the long term, WebAssembly will be a smart contract replacing EVM. Image
2/“I can’t deny that a lot of people are already using EVM, so it’s super important to support these legacy protocols, these legacy languages, and that’s what we’re doing with Polkadot,” Wood said in a pre-recorded interview.
coindesk.com/events/consens…
3/Dr. Wood pointed out: “It’s foolish to just throw those away. But it’s not foolish to start thinking about where the next thing is, and that for me is using WebAssembly as smart contracts.”
Read 4 tweets
25 May
Introducing @DarwiniaNetwork Crab
1/Crab Network is the canary network of Darwinia, and is the first blockchain in the @kusamanetwork ecosystem to natively support cross-chain as well as smart contract & NFT. Crab intends to participate in the Kusama Parachain Slot Auctions. Image
2/Crab Network will have all the core technologies that Darwinia Network have and also it will be a place to test out new cool features and if these new features are stable enough then it will be applied to Darwinia Network on the @Polkadot ecosystem.
2-2/Features that Crab Network will have:
- Cross-chain Interoperability
- Evolution Land
- Smart Contract Solution
- Faster and Easier User Experience
Read 12 tweets
21 May
Top 7 Must-know Canary Network

#3 Moonriver - A canary network of @MoonbeamNetwork

Moonriver is the Kusama Implementation of the Moonbeam. It is like a place to test & deploy new technologies to see if it is stable enough to be deployed on the Moonbeam parachain on Polkadot
2/ Earlier Launch, Earlier Access
Since Kusama will enable parachain functionality in the first half of 2021, the Moonriver network will be able to deploy as a parachain before Moonbeam deploys to Polkadot.
2-2/That means developers will have earlier access to Moonriver to start building, experimenting & launching, & other participants will be able to access DApps & assets on that chain.
Moonriver's features:
- Complete Ethereum Compatibility
- Blockchain runtime
- Unified Accounts
Read 14 tweets
20 May
1/On May 19, @Kiltprotocol announced the launching of @social_kyc - a decentralised identity verification service.

With SocialKYC, users can manage, store & present their real-world credentials, as well as choose the elements of private information accessed by online services.
2/ To create SocialKYC, KILT Protocol has cooperated with Galaniproject, and it will be first implemented by some cutting-edge projects such as: @polkadex , @fractalprtcl , @SubsocialChain , @gameDAOco , and DeBio Network.
@christinemohan
3/SocialKYC aims to verify user’s internet identity by providing control of their social accounts (@LinkedIn @Twitter @tiktok_us @discord @github ...), email address or phone number. Once the credential is issued, the user's personal data will not be stored, siloed or shared.
Read 5 tweets
19 May
Top 7 Must-know Canary Network
#1 @ShidenNetwork

1/Shiden Network is a canary network that acts as an R&D chain of @Plasm_Network. PLM token holders can claim SDN tokens, the native token of Shiden at a 1:1 ratio. Shiden will act as a multi-chain Dapp layer on @kusamanetwork
1-2/Kusama Relaychain does not support smart contract functionality by design. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs and more.
2/ What Makes Shiden Unique?
Some core features of Shiden that make it unique:
- Multi Chain
- Basic Income for Developers
- Multi Virtual Machine
Also, Shiden Network will have all features that Plasm have such as:
- Operator Trading
- Lockdrop
- Modules
Read 8 tweets

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