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).
The second in the recurring series of Innovation in Polkadot DeFi events occurred on September 15th, 2021, with a panel of the most well-known and up-and-coming names in attendance. The...
Angular Finance is an isolated lending pair protocol built on Substrate. The unique features of Substrate enable the creation of a vibrant DeFi ecosystem.
Angular Finance will be an isolated...
Composable Finance hopes that parachain procurement is in our near future, and thus are hard at work perfecting what we are building for Picasso, our Kusama parachain. An exciting new step...
–Genesis Shards will be one of the Wisdom Seekers in the Lithium ecosystem and will receive accurate pricing information on pre-IDO tokens in a timely fashion.
-With Wisdom Nodes...
Automata is now live on Polygon via the Polygon Bridge! With reference to the PoS (Proof-of-Stake) Bridge, users benefit from transferring ERC-20 tokens to its equivalent on Polygon’s...
EMURGO becomes a strategic partner and advisor for Matrixswap
EMURGO, a global emerging technologies company focused on providing custom-built solutions. They are the leading solutions...
Composable Finance to release there incubator pool, a staking program which distributes the native tokens of projects launched on our Kusama parachain Picasso to PICA stakers .
This will...
The bug bounty program for Polkalokr is a great chance for our ethical researchers to test a highly technological project and earn attractive financial rewards for reporting on detected bugs...
Phala’s canary network Khala launched Khala Secure Workers system officially. Workers can obtain Khala rewards by registering and working online. At the same time, all users can use the...
The Polkadex team will publicly launch the Polkadex blockchain, upon which Polkadex’s products will be built and gradually released. The Mainnet release marks the most important milestone...
MyWish integration with Moonriver is a first step in the exploration of MyWish and Moonbeam cooperation. Automated token creation in Moonriver will allow users to create and launch a token...
As part of this partnership, Cover Compared users will gain exposure to and be able to purchase InsurAce.io’s premium insurance offerings. Simultaneously, the InsurAce.io community will...
The establishment of the Konomi Community Governance Board will be an important milestone in transitioning Konomi from semi-centralization to complete decentralization. When Konomi product...
Zenlink is pleased to announce that Zenlink SlotVault DApp is officially integrated with the Bifrost SALP protocol, providing users with the option to release the crowdloan...
Through the partnership, Standard Protocol will support X Protocol by integrating its stablecoin, MTR, in X Protocol’s prediction market and NFT marketplace to expand its dAPP ecosystem.
X...
Parity just accepted the request to include a link to Sub.ID on the accounts page in Polkadot.js, next to the links for Subscan, Polkastats, etc. You can now easily pull up the Sub.ID...
Parallel’s mission is to innovate and bring DeFi to the next level and to a broader audience. Today we are excited to reveal how Parallel Finance are using SubQuery data in their new...
Through this partnership, Seedify will direct new blockchain game projects towards utilizing Phala’s decentralized cloud computing resources. At the same time, Phala Network will introduce...