Statemine: A Deep Dive Into Kusama’s Asset Hub with Joe Petrowski

This week the tables are turned on Relay Chain, with Jorrin Bruns (Support Engineer, Parity Technologies) interviewing co-host Joe Petrowski (Technical Integrations Lead, Web3 Foundation) as a guest representing his contribution to the Statemint/Statemine project. Statemine — Kusama’s version of Polkadot’s Statemint — is a common-good parachain for creating and managing assets and NFTs on-chain. It recently made history as the first live, featureful parachain to be onboarded to Kusama. Now that Statemine has been made permissionless, anyone can use it to create and deploy tokens and NFTs. The pair discuss computational resources, achieving faster speeds, lower transaction fees and the potential to shell out those fees for assets, while incentivizing validators. Petrowski also shares his insights into conceiving and deploying a parachain within two months, the Substrate build, and the project’s challenges from upgrading a runtime without governance to asynchronous asset management across chains, and what’s next for the project. Links Statemint announcement post (https://www.parity.io/blog/statemint-generic-assets-chain-proposing-a-common-good-parachain-to-polkadot-governance/) Statemine upgrade announcement (https://polkadot.network/statemine-upgrade-launches-new-phase-of-parachain-functionality/) Statemint’s GitHub repositary (https://github.com/paritytech/statemint) Highlights 01:17 What is Statemint? 05.40 Taking transactions off the relay chain 10:00 Statemine as the first common-good parachain 16:60 Teleporting assets across multiple chains 20:04 Implementing Statemint governance 23:35 Who is building common-good parachains? 25:49 Incentivizing validators 29:03 How Statemint interacts with other parachains 41:35 Considering asynchronous blockchain execution 44:48 Challenges building Statemint 49:54 Statemint’s runtime upgrade to become permissionless 50:30 What’s next for Statemint/ Statemine Special Guest: Joe Petrowski.