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).
Zenlink announced the 2nd Batch Initial Governance Board Members of ZenlinkDAO
The ZenlinkDAO Initial Governance Board plays a critical role in Zenlink Bootstrapping Governance, so after a...
Users can earn rewards when you stake cryptocurrencies and fiat for a period of time as an incentive to acquire and hold onto staking assets. Some staking coins may require a bonding...
Moonbeam Integrates with Covalent to Bringing Data Accessibility to the Moonriver Parachain on Kusama
The initial integration includes complete indexing of Moonriver, a parachain deployment...
Whitelisting details and IDO date for the Polytrade IDO on Polkastarter.
Polytrade $TRADE IDO is coming on one of the top IDO platforms, Polkastarter on 18th August, 2021. How to get...
Plutos Network will integrate Solana in its Synthetic Issuance and trading platform, for better scalability performances.
Plutos Network is built on leading Blockchains including Polkadot,...
Crust Network Has Partners With Functionland on Web3 Developer Tools.
Crust Network and Functionland will collaborate to help bridge the gap between front-end developer toolset and...
From August 6, 2021 to August 20, 2021(UTC), the users who stake ETH through the StaFi rETH App on HyperPay On-Chain Wallet could share the FIS token rewards pool which is worth of $10,000...
The partnership will enable Pinknode to be Konomi Network’s collator node, fully decentralizing and enhancing security for Konomi’s ecosystem.
Both partners are looking forward to...
Oraichain VRF now is running in a fully decentralized manner with the participation of 23 executors. While the executors receive rewards for contributing to the generation and verification...
Crust Network has partners with Bluna For Metaverse Decentralized Storage
Bluna and Crust Network Collaborate to enable Metaverse, Secure On-Chain Decentralized Data Storage.
Bluna and Crust...
Moonriver has completed Phase 2 of its five-phase launch process. Moonriver has now officially entered Phase 3, during which the network will remove Sudo (the superuser key) and hand over...
Celer Network Launches cBridge for Fast and Low-Cost Transfers
Celer Network’s multi-chain platform cBridge has just gone live on its mainnet. Users can now utilize the newly-launched...
Pinknode are officially rolling out our first community-run ambassador program.
They are looking to recruit and train a team of avid ambassadors who will help to take the community-building...
Through this partnership, the Cryptobuddy community will have early and updated research on all of KSM Starter’s IDO launches. This will help bring attention and traffic to the launchpad...
Myobu Integrates Chainlink VRF to Secure The “Fountain of Fortune” Giveaway Contract
Through this integration Myobu will have access to a tamper-proof and auditable source of randomness...
Polkadot Fifth event from the Encode Polkadot Club Series to be held on August 5.
Polkadot Announced The Fifth event from the Encode Polkadot Club series, a long-term educational programme...
Samecoin is a decentralized stablecoin protocol that allows the average person or business owner to perform seamless, digital payments. The protocol runs on its own utility token, SAME, and...
Infinity Gainz is passionate about decentralized finance. With our partner sharing the same values and vision, it is convenient to collaborate for the common goal. We will actively learn and...