Why did KILT become a parachain on Polkadot?
Parachains are sovereign, layer-1 blockchains running in parallel within the Kusama and Polkadot networks. Conceived by Gavin Wood, co-founder and former CTO of Ethereum, parachains bring the future of the internet to a whole new level, allowing the scalability, interoperability, and security needed to really turn the promise of blockchain into the next generation of the internet, Web3. Using this technology, KILT can run with low transaction costs and a low carbon footprint.