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 is partnering with NEAR Protocol to introduce practical, powerful, and user-friendly IPFS-based decentralized storage solution packages to NEAR users and developers.
Crust...
Polkalokr proud to introduce the latest partner with IOEN and their fight to make DeFi a greener place.
IOEN’s mission is to bring everyone into tokenised energy simply and fairly. IOEN...
Spotlight series and are delighted to share that Singapore-based Signum Capital is another Holoride investor.
Signum Capital invests in distributed ledger technologies and crypto-assets....
Meter’s full bridge to Moonriver enabling 20+ assets transfer between blockchain networks. This will connect the Moonriver parachain and Kusama network to Ethereum, Binance Smart Chain and...
Polkamarkets is proud to announce the partnership with token bridge technology Meter.io. This partnership plays a critical role in Polkamarket’s roadmap towards its Moonriver mainnet...
The collaboration will make effort to prioritize and systematize on-chain revenue data transparency. The partnership will include strategic usage of automated data feeds, along with...
Within this collaboration both team will allow users to seamlessly engage with Ethereum — Polkadot liquidity and other DeFi offerings.
PolkaEx will be featured in the Netvrk Metaverse,...
Through this collaboration, Safle will support Router Protocol as a wallet and Web3 infra. services provider for their community. Router Protocol, will be assisting in bridging Safle to...
The Matrixswap team is proud to announce the strategic partnership with MELD Labs, a decentralized non-custodial lending protocol built on Cardano.
As part of the partnership, Matrxiswap...
KwikSwap is a relatively new cross-chain automated protocol on Polkadot & Ethereum incorporating Astar, Shiden Network Parachains as well as Binance Smart Chain. The KwikSwap protocol...
This partnership will Integrating Deeper Network into CryptoCar ecosystem nd will help CryptoCart tremendously with growth, and exposure to their massive community.
CryptoCart will offer...
Crust Network is partnering with HECO Chain to introduce practical, powerful, and user-friendly IPFS-based decentralized storage solution packages to HECO users and developers.
Crust Network...
This will provide new users a security and reliability guarantees that all Linear Finance synthetic assets will be minted, swapped, redeemed, and liquidated according to the most up-to-date...
DIA partners with Coinversation to leverage DIA’s transparent price feeds to secure Coinversation’s Polkadot-based synthetic asset and DEX platform.
Through this collaboration,...
Cere Network announces partnership with Lithium Finance. Lithium is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It...
Ares is pleased to announce a partnership with MXC Foundation, a team founded in 2017 in Berlin, Germany, with a core team that comes from an IoT background.
Validation and sharing of...
Centrifuge is the leading protocol helping borrowers finance real-world assets without banks or intermediaries.
Centrifuge unlocks tokenization of real-world assets, serving investors who...
Crust Network is bringing highly practical, powerful but handy IPFS-based decentralized storage solutions packages to the Polygon ecosystem.
Crust Network is ready to facilitate Web3.0...