Crypto News

Shell Makes History, Now the First Parachain On Polkadot’s Network

Shell registers as a Polkadot parachain after voting on referendum 41.
Furthermore, However, the parachain is to work with few functionalities.
Also, this shows the potentiality of Polkadot network getting adoption by companies around the world.

So, Shell has its official parachain on the Polkadot network. According to information on Twitter, Shell will only accept messages from the Relay Chain in order to upgrade itself.

More so, The official tweet from Polkadot reads.

“Polkadot’s first parachain has been added. Referendum 41 has passed registering the…”
“Shell parachain on Polkadot, to ensure block production, inclusion, and finalization…”
“The Shell parachain has extremely limited functionality: it does not even have the notion of accounts.”

Furthermore, Polkadot is one of the largest blockchain networks in the market.

As per CoinGecko, DOT, the native virtual currency of the Polkadot platform hits a price of $51.22 lately.

Notably, Shell deciding to work with Polkadot shows a clear interest in innovating in the crypto market. Also, Polkadot seems to be one of the best options right now. Of course, this is because It offers scalability to more traditional blockchain networks such as Ethereum (ETH).

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