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 Partners with Cube Chain to Introduce Decentralized Storage Solutions Firstly, CrustNetwork partners with Cube Chain to introduce practical, powerful, and user-friendly...
23.06.2022
Moonwell Integrates Chainlink Price Feeds for Secure Lending Calculations Moonwell integrates Chainlink Price Feeds on Moonbeam Mainnet. By integrating, they are able to access reliable,...
23.06.2022
Activation Of Moonwell Artemis — All Systems Go Lunar Technology Foundation is pleased to announce the activation of the Moonwell Artemis protocol on the Moonbeam network! Moonbeam is...
23.06.2022
Parallel XCM Integration Brings PARA and Expanded DeFi Opportunities to Moonbeam Moonbeam integration with Parallel Finance and the availability of its native token, PARA, on Moonbeam....
22.06.2022
The Band Protocol Price Feeds — the most secure, scalable blockchain-agnostic decentralized oracle BandProtocol Price Feeds is now live on CLV. As the reliable oracle solution for the CLV...
22.06.2022
COSMIZE, The first Polkadot-based metaverse on AstarNetwork. Let’s explore the beautiful vision and story about Cosmize. They will bring you to where all your beautiful imagination...
20.06.2022
Band Protocol launches price feeds on CLV Firstly, Band Protocol Partners With CLV. They announced their latest partnership with another project on the Polkadot ecosystem, CLV. Previously...
18.06.2022
Acala’s aUSD set to become a major stablecoin on Pendulum when it obtains its Polkadot parachain slot. aUSD will be exchange on Pendulum with other 15+ stablecoins, utilized as a...
18.06.2022
Darwinia Integrates with Talisman: Assets Management Made Easy Darwinia integration with Talisman, a user-friendly and community-led wallet built for Polkadot and Kusama ecosystem, which...
18.06.2022
Artizen integrates with Biconomy funding public goods with cross-chain transfers and zero gas fees Artizen integrates with Biconomy. A mission to build the worlds largest web3 fund for...
17.06.2022
Developers and users on Moonbeam and Moonriver will now be able to utilize Pocket Network’s decentralized and permissionless RPC layer. Pocket collaboration with Moonbeam and Moonriver. By...
17.06.2022
SubWallet x Interlay: DApp & XCM Transfer Supported, Staking Coming Soon SubWallet and Interlay proudly announce the bilateral integration and long-term partnership. The two-way support...
17.06.2022
XYFinance now supports AstarNetwork! XY Finance is committed to creating a painless user experience when swapping on-chain assets between the industry’s best blockchains. They’re proud...
16.06.2022
Moonbeam, the top destination for multi-chain applications on Polkadot, Announced the Moonbeam integration of Chainlink Price Feeds as an oracle solution on its smart contract platform....
16.06.2022
Zenlink Builders Program Application On Astar. Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to becoming the DEX composable hub of Polkadot. By...
16.06.2022
OAK Network announced that the Turing Network now supports Horizontal Relay-routed Message Passing (HRMP), enabling Turing to communicate with other parachains using a standard...
15.06.2022
Astar partnership With Covalent! Covalent brings an excellent indexing solution to Astar. This partnership is part of their vision of making Astar the best blockchain to build on. Providing...
15.06.2022
Crypto.com happy to announce that Cryptocom DeFi Wallet now supports the Astar, Arbitrum, and Boba blockchains (requires 1.34.0 or above). Users can securely store their tokens and...
14.06.2022
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