Polkadot News
What is Polkadot in simple terms?
Polkadot is a next-generation blockchain protocol that unites an entire network of purpose-built blockchains. It’s allowing them to operate seamlessly together at scale. It is designed to ensure that the main chain can be upgraded with minimal downtime while providing the ability for developers to write custom consensus algorithms and gas mechanisms.
Polkadot is a platform that serves as a solution to the limitations of current blockchains, such as scalability and security. It aims to connect the blockchain ecosystem by enabling diverse networks to interact with each other using its native DOT token.
Polkadot’s architectural technology
Polkadot is an open-source project that provides a heterogeneous blockchain network, which allows users to build their own blockchains while they are connected to Polkadot’s relay chain. The platform includes parachains and parathreads. Which links to the main Polkadot Relay Chain and can also connect with external networks through bridges.
Is Polkadot better than Ethereum?
Polkadot is a high-performance, scalable blockchain network that can handle over 1000 transactions per second with enterprise-grade security. In comparison, Ethereum supports 13-30 transactions per second most of the time and up to 150 during peak periods. It’s also far cheaper to send DOT comparing to ETH at the moment.
Why is Polkadot so popular?
Polkadot is attracting attention from investors because it will allow developers to link blockchains to the Polkadot system. Developers can create new blockchains, even linking them together into what’s known as a “heterogeneous multi-chain.” This gives Polkadot technology great potential for expansion and use.
Is Polkadot a good investment?
Polkadot cryptocurrency is a good investment for a few reasons. The first reason is that has one of the strongest teams in the space with Gavin Wood, who is also the co-founder of Ethereum. The second reason is its active community which is building Polkadot’s ecosystem. Thirdly, Polkadot’s technology is advanced and has the potential to disrupt many industries like e-commerce and banking because it can help to improve transactions in those sectors efficiently by using its distributing ledger technology.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Crust Network has partnered with OEC Network to Introduce Decentralized Storage Solutions.
Crust Network is ready to facilitate Web3.0 style, decentralized storage experiences for OEC users...
The Polkalokr Bridge (Bridgr) is officially live on mainnet. Users can now transfer $LKR tokens between Ethereum and Binance Smart Chain and take advantage of reduced transaction fees.
As...
The partnership will help eliminate the transaction fees imposed when users purchase insurance policies through our platform. Through this alliance, end users can engage in seamless...
Composable Finance is excited to be expanding the capabilities of Mosaic by integrating StarkNet into our cross-layer asset transferal system. As a permissionless decentralized ZK-rollup...
Moonbeam has officially begun its launch process to become a fully operational parachain
The initiation of the launch process follows a successful crowdloan campaign hosted by the Moonbeam...
tofuNFT has partnered with Shiden Network to launches on Shiden Network.
Shiden network is the Multi-Chain dApps hub on Kusama network, of which the most significant strength is dApps...
Polkalokr has partnered with Corestarter, a cross-chain fundraising, decentralised launchpad.
This collaboration will enable projects that have used Mintr to transition to Corestarter to...
Celer Network has partnered with ChainSwap to integrate cBridge into ChainSwap’s Cross-chain Aggregator.
Celer Network has collaborated with ChainSwap in order to integrate Celer’s...
Partnership between Solarbeam and SubQuery Network. Solarbeam is the largest DEX on Moonriver’s Kusama-based parachain with a peak TVL of more than $180m. This requires reliable,...
WePiggy has Integrated with Moonriver to Bring Multi-Chain Lending Protocol to Kusama.
WePiggy is coming to Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, starting...
Crust Network has partnered with Equilibrium for 3rd Party Crowdloan Channel
Crust Network collaborated with Equilibrium to support Crust for xDOT staking (voting in crowdloans via...
SpiderDAO has partnered with KILT Protocol to integrate into SpiderDAO’s range of routers.
KILT is a decentralized blockchain protocol for issuing self-sovereign, anonymous verifiable...
Polkadot Meetup for Developers – co-hosted by Trust Square
Details:
Join Online: https://us02web.zoom.us/j/84118451140
Polkadot Insider Speaker:
Bill Laboon (Director of Education and...
Pontem introduces partnership with DIA (Decentralised Information Asset).
This integration will allow users to access DIA oracle data including price feeds for popular assets like BTC, ETH,...
Joystream is now using the newest version of the Subsquid Protocol and continues to build the blockchain-native, improved version of video sharing services like YouTube. An operation of this...
Composable Finance’s goal has always been to leverage its robust tech stack to create a plethora of solutions that will advance the mainstream adoption of decentralization and Web3. We...
Colexion is bringing a collection of 30 exclusive NFTs featuring top Australian cricket players. The collection will be launched using the Polygon blockchain through a partnership with...
Damned Pirates Society, a pirate-based NFT project on Moonriver, recently shifted to using Pinata for their media storage, a first for a project in the extended Kusama ecosystem.
This...