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).
EmiSwap has been approved by the Shiden Community for joining in Builder’s Program on October 7.
Shiden Network: Astar Network (previously known as Plasm) is a dApp hub on Polkadot that...
Litentry Crowdloan has collaborated with Bifrost to bring Liquidity DOT Derivatives.
Litentry Crowdloan is partnering with Bifrost, a parachain network that provides liquidity for staking...
Bridge Mutual Version 2 is set to launch on the 16th of November, 2021 at 10:00 EST.
Bridge Mutual V2 completely transforms the platform by introducing completely new features. First and...
Nova Wallet will receive a grant from the Moonbeam Foundation to implement MOVR and GLMR features in its mobile app.
Nova team to implement the following features in the Nova Wallet:
—...
Ethbox, the leading on-chain escrow platform, has launched on Reef Chain.
This integration makes it possible for Reef Chain users to take advantage of this amazing escrow service on Reef...
The partnership will combine Unique’s white-label NFT technology with SupraOracle’s novel oracle toolset to improve the composition of the dynamic NFTs that we’re nurturing...
Bifrost Finance SALP, The First Slot Auction Liquidity Protocol, Will Support Polkadot Slot Auctions
Bifrost is ready to deploy SALP services on Polkadot to support bidding for more projects. Polkadot’s Mainnet on November 11.
The focus of the chain in the third quarter of this year was...
Bifrost will be supporting Bit.Country Pioneer in the third batch of the Kusama slot auctions through the SALP Protocol and releasing its contributors’ bonding liquidity.
BitCountry &...
This integration brings the most widely-used EVM compatible block explorer to Moonriver and Moonbeam. This instance of Etherscan (on Moonbase Alpha, Moonriver, and Moonbeam) will be called...
Bifrost will be supporting Quartz in the third batch of the Kusama slot auctions through the SALP protocol.
The Quartz (Unique Network) aims to provide the feature rich and flexible...
Darwinia will join the Polkadot Parachain Slot Auction to support Polkadot ecosystem development.
Parachains are the diverse, specialized blockchains that connect to the Polkadot Relay Chain...
Within this collaboration to start-up a sponsor for its Open Source Strategy Forum (OSSF) in NY, November 9–10, 2021.
Open Source Strategy Forum (OSSF) is the only conference dedicated to...
Convergence Finance has Partnered with Cere Network to further bridge cryptocurrency with real-world asset investment.
The partnership will bridge the gap between traditional finance and...
PolkaPets new $PETS smart contract will be launching on the Moonriver, in partnership with Solarbeam. The $PETS token will officially be native to the Polkadot ecosystem, with the ERC-20...
POLC holders will be able to create free bank accounts on EQIBank. EQIBank is designed for global people and businesses and it is one of the most suitable banks for crypto. In the new...
Polkadex has partnered with OnFinality to offer one-click node deployment
Polkadex has partnered with OnFinality to give Polkadex community members the ability to run their own validator...
Coinversation has been upgraded from a single synthetic asset protocol to a derivative and NFT ecosystem with parachains, synthetic asset protocol, DEX and various NFT protocols.
During this...
CheersLand will implement its multi-game universe and multi-asset staking module on Polkadot and bring its Game-as-a-Service model to the Polkadot Ecosystem. CheersLand will consider...