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).
Total 1,000,000 $TEER token, 10% of Integritee’s total token supply has been allocated to reward crowdloan backers for their support in upcoming Kusama auctions.
New Early Supporter Bonus...
As part of BEPRO Network’s continuous work to bring cross-chain functionalities to the protocol, you can now move BEPRO from Ethereum to Moonriver. If you hold BEPRO on Ethereum and...
SwitchSwap is a fully decentralized platform for Web3 users to mint, manage and trade/swap NFTs from multi blockchains. SwitchSwap is designed to build a complete portfolio of decentralized...
Polkadex, seeks to combine the DeFi-based benefits of automated market makers (AMMs) with a CeFi-inspired order book model. With its ambition to bring its unique hybrid decentralized...
Karura Swap has collaborated with Bifrost Finance to introduce its newest trading pair BNC/kUSD. The pair will launch in Bootstrap mode on October 19 at 13:00 UTC with trustless trading...
Sora XSTUSD is a Stablecoin on SORA for Polkadot Ecosystem Public Testing.
What is XST?
Fisher’s Compensated Dollar
XOR SynThetics, hereafter, XST, are synthetic assets pegged to an index...
Oddiyana Ventures has partnered with PolkaBridge, the first decentralized bridge between Polkadot platform and other chains.
With this partnership, Oddiyana Ventures’ projects will have...
Crust Network Integrates with Moonriver to Bring Web3 IPFS Storage to the Kusama Ecosystem
Crust’s integration with Moonriver allows developers to utilize Crust’s decentralized storage...
Acala Quests is a gamified experience for learning about the Polkadot ecosystem and preparing for the Acala Crowdloan.
Acala Quests invites Acala Network community of supporters to level up...
Astar (previously known as Plasm) is a dApp hub in the Polkadot ecosystem that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart...
Rococo V0 enabled the first integrations of Polkadot with Cumulus and HRMP. The next evolution, Rococo V1, was much more focused on parachain consensus, utilizing a production-ready...
The Substrate Builders Program gives the Polkadex team the hands-on support, resources, & mentorship.
What is Substrate?
Substrate is the blockchain framework for a multichain future. It...
Crust Network will Provide Decentralized Storage to NFTs on UniArts.
Within this collaboration Crust will provide all NFTs in the UniArts network with data retention and retrieval by an open...
The integration will provides a novel opportunity for transfers between Moonriver and other solutions already integrated into Mosaic. Moreover, this allows a linkage between Mosaic and the...
Within this collaboration SupraOracles will support X Predict Market’s robust prediction events with our diversified data feed offerings. SupraOracles’s highly accurate and secure...
Moonlight has added $REEF BEP-20 Binance Smart Chain tokento its Bubble Maps product
Moonlight is a tool provider on Binance Smart Chain (BSC). Earlier this year, Moonlight introduced Bubble...
What Is Clover?
Clover Finance is a blockchain platform committed to providing an easy-to-use, one-stop comprehensive infrastructure platform, with the goal of reducing the threshold and...
Phase 1 Wrap-Up
Phase 1 of our Liquidity Mining Program had close to $1million in Total Value Locked (TVL) and a total of 450,000 $MATRIX tokens will be rewarded to those who...