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).
They team up with Astar and its growing ecosystems of existing and new DApps. Band Protocol partnership with AstarNetwork, a multi-chain smart contract platform on the Polkadot hub. They are...
11.07.2022
Solarbeam becomes the first dApp integrated of the Moonriver Chain into Depocket Dashboard DePocket to integrate Solarbeam into their dashboard. This new integration will provide additional...
11.07.2022
InsureDAO Now Live On Astar Network InsureDAO now live on Astar Network, as the multi-chain strategy, following the Optimism launch. Aiming to provide a safety net for protocols and users...
11.07.2022
Introducing Composable Research ComposableFinance Launching Composable Research. They envision Composable Finance orchestrating and composing DeFi primitives for the purpose of abstracting...
09.07.2022
StellaSwap Partners with ImmuneFi to Launch Bug Bounty Program StellaSwap Partners with ImmuneFi. To Launch a bug bounty program with ImmuneFi, one of the pioneers in bug bounty programs...
09.07.2022
Protofire is Building a Safe Astar Astar Partners with Protofire to deploy Astar Safe–a fork of Gnosis Safe Multisig–to improve transaction security for Astar Network. You can now...
08.07.2022
InsureDAO and Arthswap made a partnership! InsureDAO partners With Arthswap, is a leading DEX in AstarNetwork. Details of the collaboration Co-Underwriting Users can purchase insurance of...
07.07.2022
StellaSwap Launches Gas Refunds on Moonbeam & Polkadot, Allowing Free Txns by Staking xSTELLA The StellaSwap launches gas refund program for xSTELLA holders! This is the first such...
07.07.2022
Creating a world where anyone can safely collaborate with anyone, anonymously TempuraDAO has joined Astar Japan Lab, established on June 23rd, 2022, which aims to create case studies in...
07.07.2022
PeaqScan First Open-Source Blockchain Explorer For The Polkadot Ecosystem Powering the Economy of Things. PeaqScan First Open-Source Blockchain Explorer For The Polkadot Ecosystem. Also Peaq...
07.07.2022
Athos Finance Announces Partnership with Nomad for Cross-Chain Bridging Athos Finance partnership with Nomad, an optimistic interoperability protocol, to enable cross-chain bridging of $LINA...
06.07.2022
Polkadex Orderbook is Now Available on the Public Open Beta The time has come. The long-awaited Polkadex Orderbook is now live on the public Polkadex Testnet. But that’s not all: This...
05.07.2022
Integritee XCM Integration Conn ects the Moonriver Ecosystem with Enterprise-Ready Privacy Solutions Firstly, Moonriver integration with Integritee via XCM, Polkadot’s native cross-chain...
01.07.2022
Parascan Creates Open Source Block Explorer with the Power of Subquery Subquery partnership with Parascan, an open source and off-the-shelf block explorer for your next substrate chain....
30.06.2022
  ​​Pablo: a modular cross-chain DEX facilitating deep liquidity DeFi experience The Pablo DEX centerpiece of Composable Finance’s DeFi primitives and serves as the cornerstone of...
30.06.2022
Cosmize x Astar Degens Partnership Finally Arrives! Cosmize Partners With Astar Degens. They finally announce the official partnership with one of the most prominent Astar Network NFT...
29.06.2022
SubQuery, the Secret to Octopus Network’s Explorer SubQuery partnership with Octopus Network, a multichain crypto network for launching and running Web3.0 application-specific blockchains...
29.06.2022
Astar SpaceLabs Voyage Astar Has Launch SpaceLabs. SpaceLabs is the hub for passionate creative entrepreneurs looking to build the next generation of Web3 technology. They bring together...
29.06.2022
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