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Parachains are individual blockchains that work alongside the main blockchain in the Polkadot ecosystem. Each parachain has its niche and transactions are settled on the parachains network, preventing the main network from becoming congested. In this post, we’ll look at five innovative projects, including Centrifuge, Bit.country, Acala, Tinlake and Bit.Country. The platform is powered by a token (CFG), which offers blockchain security while also enabling holders to pay transaction fees, stake assets, and participate in the governance.