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 V1 of the Polkamarkets Protocol uses an Optimistic Oracle mechanism to resolve markets. Developers can customize the default implementation and use Kleros courts to resolve...
14.06.2022
Tapio Protocol introduced tDOT, the first synthetic DOT to the Polkadot ecosystem. As new Parachains continue to go live in the Polkadot and Kusama ecosystem, they are witnessing an...
13.06.2022
SubQuery Extends Indexing to Acala’s New EVM+, Offering Universal EVM Support within Polkadot Firstly, SubQuery Extends Indexing To Acala. SubQuery Polkadot’s leading data indexer, the...
04.06.2022
In the continuous efforts to ensure seamless communication between parachains in a bid to improve the greater Polkadot and Kusama ecosystem. Parallel Finance x Equilibrium XCM Integration....
04.06.2022
Kromatika partnership with Biconomy, which is a Next-Gen Multichain Relayer Protocol. This way, Kromatika users will be able to enjoy one-click gas free blockchain...
04.06.2022
Calamari Network HRMP Channel with KaruraNetwork is officially online. Acala and Manta Announce Successful Interoperability Between Calamari and Karura. Manta Network, the privacy hub for...
03.06.2022
Firstly, AstarNetwork Partnership With BandProtocol. This partnership brings new opportunities for developers and anyone building on Astar. Band Protocol will be providing a reliable,...
03.06.2022
Boba Network, Layer 2 scaling solution on Ethereum, has gone multi-chain by expanding to two other Ethereum-compatible chains: Fantom and Moonbeam. Until now, Boba had only existed on the...
02.06.2022
Firstly, Parallel Finance is excited to announce that the HRMP communication channel between its sister protocol — Parallel Heiko Integrates On Moonriver. The primary use case of the open...
02.06.2022
UnoRe Integrates Chainlink Price Feeds. This integration involves the use of the ETH/USD Chainlink Price Feed, with ability to scale up in the future to meet ecosystem demand. Chainlink...
01.06.2022
Astar bug bounty program with Immunefi, Web3’s leading bug bounty platform, already protecting $100 billion in user funds. This invites blockchain developers and whitehat hackers to...
01.06.2022
Lido on Polkadot, developed in collaboration with MixBytes, is a liquid staking solution for DOT. Users can stake their DOT with Lido on Polkadot/Moonbeam to earn daily staking rewards and...
31.05.2022
Polkadex and NovaWallet partnership has evolved: Polkadexers can now stake and manage their PDEX securely directly from their mobile device thanks to the Nova Wallet app. Firstly, Nova...
31.05.2022
Officially Launches on Moonbeam Mainnet Firstly, WePiggy lending protocol has been officially launch on the Moonbeam at 15:00 (UTC+8) on May 30, 2022. WePiggy On Moonbeam Network will first...
31.05.2022
Nomination pools have been added to the Kusama runtime. Adhering to the tradition of the Polkadot ecosystem, Kusama is acting as the canary network here and is receiving this update first...
30.05.2022
FriendlyMarket Partnership with DotOracle Network. This collaboration comes in an effort to help bridge DeFi on to the Casper Network. DotOracle is a real-time decentralized Oracle and...
30.05.2022
LiNEAR Protocol is thrilled to announce another NEAR ecosystem partner. LiNEAR Protocol Partners With Burrow, an interest rate market protocol built on NEAR. The partnership enables...
27.05.2022
Bitcoin Suisse has added support for Centrifuge’s native token (CFG) on its proprietary, hyper-secure cold storage solution, the Bitcoin Suisse Vault. Bitcoin Suisse Integrates Centrifuge,...
26.05.2022
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