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).
Banksea Finance announces integration with Moonbeam. This integration will give Moonbeam users access to an NFT valuation mechanism based on AI technology, that provides an NFT pool-based...
17.11.2021
Swaperry DEX provides a set of tools to assist traders assess the market, aggregate prices and make education decisions. These functions include adding liquidity pool, swapping, and pool...
17.11.2021
Through this collaboration, Evmos will be integrated into Mosaic, Composable’s cross-layer asset transferral system. Integrating Mosaic will provide a direct bridge to Evmos Hub,...
17.11.2021
PolkaBridge developing a multi-chain Automated Market Maker (AMM) type decentralized exchange The launch will allow the users to trade assets on different blockchains. It will be a new...
16.11.2021
This collaboration will bring MantaNetwork’s advance privacy features are coming to Manta’s own metaverse world for their community as well as the metaverses network...
16.11.2021
The Collaboration will support Asian game and app developers in leveraging Enjin’s non-fungible token (NFT) technology and decentralized infrastructure via the Polkadot-based NFT parachain...
16.11.2021
With the Moonbeam integration, Blockchain Monster Hunt will be able to support a strong parachain in the Polkadot ecosystem as well as with the existing compatibility for Ethereum, bringing...
15.11.2021
PolkaBridge is always working towards launching new innovative concepts and this time we are proud to announce the launch of our Initial NFT Offering (INO) platform, which will function...
14.11.2021
Crowdloan Cap 100,000 KSM Total Token Supply 100,000,000 SUB Crowdloan Reward Allocation 16,500,000 SUB (16.5%) Base Rewards 15,000,000 SUB (15%) Maximum Referral...
14.11.2021
This collaboration is to develop Solidity standards for RMRK-based Kusama assets. This will also allow Moonriver and other EVM chains to work with RMRK NFT infrastructure, providing advanced...
13.11.2021
Polkalokr has partnered with SupraOracles, a powerful cross-chain oracle that allows businesses to bridge real-world data to public and private chains, enabling interoperable smart contracts...
12.11.2021
SubSocial announces that it will be bidding for one of Kusama’s coveted parachain spaces. As a result, SubSocial also invites Kusama (KSM) holders to join in its crowdloan campaign in...
11.11.2021
KILT is a fully decentralized blockchain network. This means that BOTLabs GmbH, the company behind the development of KILT Protocol, has handed over decision-making to the community. From...
11.11.2021
PureFi, a decentralized protocol that provides compliance tools while maintaining the anonymity of users, and PolkaBridge, a Multichain & Cross-Chain Decentralized All-In-One Platform...
11.11.2021
Polkadex Network will be integrated into Subscan, the Web3 blockchain explorer for Substrate networks Users of the Polkadex Network will soon access Subscan to view and verify blocks and...
10.11.2021
$10M Kylin Ecosystem & Builders Fund. Fund Mission: The objective of this fund is to support visionary projects and developers who are inspired by the vision of decentralized data (NO...
10.11.2021
SubQuery is pleased to announce its partnership today with Web3Go , Polkadot’s newest data analytics platform. Similar to SubQuery, Web3Go is designed to be an easy-to-use project that...
10.11.2021
Acala Launches First Liquid Staking Product for Polkadot & Kusama The first liquid staking products in the Polkadot and Kusama ecosystem, Acala’s DOT and KSM Liquid Staking represent a...
06.11.2021
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