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).
Enabling Encentive’s community to launch turn-key DeFi modules across multiple blockchains
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They are thrilled to announce that Shiden has successfully completed its crowdloan and shiden secures its parachain slot on Kusama. They are thankful to users and everyone who contributed...
Subsquid Has Partners With Talisman, Innovate with Metadata Caching for Web3.
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SubQueryNetwork becomes the first open indexing data protocol to serve the Terra Money ecosystem. Terra is a blockchain protocol which deploys a suite of algorithmic decentralised...
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Astar Network announce the launch of Galaxia Finance. Galaxia Finance allows users to earn compound interest on their deposited assets. It automatically provides you with the optimal...
Crust Network Integrates With SubSquare, a governance platform designed for substrate-based blockchains.
A product of OpenSqure, SubSquare, scans and normalizes the blockchain governance...
Subsquid and Orcus Finance are hosting a live coding workshop. The workshop is free and open to all who are interested in learning. In the workshop, you will learn about Subsquids Indexer...
Wanchain has integrated new bridges that connect respectively Wanchain with Moonbeam, Moonbeam with the Polkadot Relay Chain and Moonbeam with Moonriver.
In addition to bridging GLMR, MOVR...
AstarNetwork Announces Feature To Subscan, an EVM smart contract verification! This feature gives developers the power to verify their smart contracts. Smart/token contract verification is...
IKONIC, the world’s first dedicated Esports NFT marketplace, Ikonic announces its adoption of Efinity, an NFT parachain built by Enjin.
Built on Polkadot, Efinity is designed to serve as...
Equilibrium Announces their strategic investor: LD Capital, one of the renowned and leading global blockchain/crypto investment funds that aim to ‘Redefine a Better World with Digital...
AstridDAO Partners With DIA. DIA’s customizable and transparent price feed oracles will serve as one of the price sources and power AstridDAO, the Multi-collateral and decentralized...
Metaguild is excited to announce that they have a partnership with Cometh.
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Gelato Brings Automation to Moonbeam Network
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Thea + PolkaIDO Public Testnet Release. Users can now bring tokens from Ethereum over to Polkadex and back as Thea deposits and withdrawals are now live on the Thea + PolkaIDO Public...
Astar Network announces launch of AstarPass, a tool that enables dApps to tap into Astar’s established community while providing perks to its users. For users, AstarPass is a way to get...
ComposableFinance Introduces Composable XCVM: building interoperable applications on Composable Parachain with CosmWasm.
XCVM makes smart contracts natively interoperable. The XCVM acts as a...