PANews reported on April 27 that PolkaWorld published a statement saying that Coretime transactions on Kusama have begun, marking the end of the parachain time period. With the passage and execution of Kusama Referendum 373, the proposal upgraded the Kusama relay chain runtime to v1.2.0 and brought Coretime functionality. Immediately afterwards, the community passed Kusmaa Referendum 375 last Friday, allowing the Coretime chain to start selling Coretime. Currently, Kusama is in the Renew Period, which means that batches of cores are being sold.
After the renewal period, the Sale period begins, which is the period of on-demand purchases, including price discovery (Dutch auctions, auctions where prices decrease over time) and fixed prices. Agile Coretime brings a more flexible and dynamic way to manage blockchain resources. With the launch of Agile Coretime sales, the resource allocation pattern on Kusama has changed. Parachain auctions have stopped, and existing and future parachains on the relay chain will:
- Existing parachain leases will automatically migrate to bulk coretime. Leases that have not yet started will be canceled and the locked KSM will be refunded.
- Existing parachains can use the core time renewal feature to continue to allocate bulk core time to their cores without going through the regular purchase process.
