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).
Firstly, Acala is excited to announce its integration with Composable Finance — a cross-chain and cross-layer infrastructure for DeFi developers. Composable and Picasso, will integrate...
26.05.2022
StellaSwap Boosted Rewards for Nomad and Polkadot (DOT) farms effective NOW! This couldn’t come at a better time, with many being precarious about the state of the market. This boost...
26.05.2022
Firstly, SubQuery crossed a huge milestone in its development of the completion of season 2 of Frontier Testnet. It marks the close of the most critical season, and means that they can move...
25.05.2022
Firstly, Nodle Parachain is Live on Polkadot. Nodle has successfully migrated from the solo Substate chain to the Polkadot Parachain, therefore completing a crucial step toward the...
25.05.2022
Microsoft, one of the global technology giants and market leaders across various verticals, AstridDAO joins Microsoft for Startups program! AstridDAO, a decentralized money market with a...
24.05.2022
Firstly, Imbuer Partners with OakNetwork, within the partnership they will add significant value to the platform. The way that will achieve mass adoption of decentralized crowdfunding is...
24.05.2022
Firstly, SubQuery partnership with ImbueNetwork on their mission to build an accountability-driven crowdfunding platform. Imbue Network is a crowdfunding DAO leveraging the power of the...
24.05.2022
Today, Astar partners with MyConstant! This exciting partnership is bringing new ways for you to use your $ASTR tokens. MyConstant is a crypto-backed lending platform that allows you to use...
21.05.2022
Finally, StellaSwap strategic partnership with Transak, you’ll soon be able to buy GLMR — Moonbeam’s native token — with your bank account and credit cards! As part of simplifying...
21.05.2022
The Subsquid and ComposableFinance are excited to reveal today a new collaborative effort of truly cross-chain, cross-layer, decentralized finance. So far, developers from both teams have...
20.05.2022
Polkadex Integrates aUSD Acala as The Default Stablecoin for its Polkadot Parachain Polkadex integrates aUSD as its default stablecoin, and in return aUSD will get more liquidity from...
20.05.2022
Finally, SpiderDAO Nest Staking Program is now on the Moonriver Network. What’s more, SpiderDAO Nest staking Program is now available on the Moonriver Network. AnySwap enables current...
19.05.2022
Finally, Astar are thrilled to announce Algem — the new native liquid staking DeFi dApp on top of Astar Network offering new ways for ASTR users and holders to earn more. Furthermore,...
19.05.2022
Finally, NFT domains are coming to Polkadot & Moonbeam, StellaSwap Partners With UnstoppableDomains! StellaSwap, the leading DEX on Moonbeam, is excited to partner with Unstoppable...
19.05.2022
Finally, Astar Network Announces Compounding Rewards Feature is now LIVE! on Astar Network. Compounding Rewards are the newest feature on Astar for the Dapp Staking program. To Show...
18.05.2022
Finally, Equilibrium launches first orderbook DEX. The orderbook-based decentralized exchange (DEX) launched on the Dotsama ecosystem. Orderbook DEX will including following...
18.05.2022
Finally, SubQuery partnership with Yuser, an ecosystem built to make NFTs and other digital assets easy-to-use across the Polkadot ecosystem. SubQuery enables Yuser to display up-to-date...
18.05.2022
Autofarm is happy to be deploying on MoonbeamNetwork & to bring users 9 new StellaSwap & BeamSwap vaults! Moonbeam Network joins the Autofarm chain-family as the 16th chain to be...
17.05.2022
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