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).
Zenlink announced launch of Hybrid AMM, a Stable AMM and Standard AMM platform, which aims to use the smooth curve of Stable AMM as the middle layer of the trade path, thus compensating for...
Talisman Launch on Acala, Bringing a Better UX for Polkadot With Its User-Friendly Web3 Multi-Chain Wallet. Talisman’s launch on Acala will integrate the Talisman wallet, enabling users to...
Flowcarbon has Partnered With Centrifuge to unlock carbon project finance and scale the voluntary carbon market (VCM).
Flowcarbon will structure a pool of forward contracts – Emission...
SEOR has partnered with Moonbeam for Test Campaign for SEOR-LCDP Moonbeam Testnet.
Moonbeam is The easiest on-ramp to Polkadot, also is the most powerful Ethereum-compatible smart contract...
Celer Network is excited to announce the successful implementation of bridging supports for REI Network. Users can now bridge WBTC, USDT, USDC, WETH and DAI between Ethereum and REI Network...
Manta Network, the privacy hub for web3, has announced the successful cross-chain transfer of parachain assets with Moonbeam’s testnet, Moonbase Alpha.
With these XCM tests successful,...
Crust Network has partnered with Relation Labs. Relation Labs will use Crust Network’s data storage API service to access Relation One’s social DApp. Pictures and videos of users...
Revelation, a global hackathon by BNB Chain, as a partner, sponsor, and track owner. They are the owner of the Innovative Infra track portion of the hackathon and are excited to see the...
Crust Network deployed on OKC, a decentralized storage layer of the new internet, relied upon by the world’s top blockchain apps, to introduce practical, powerful, and user-friendly...
The Moonwell community has added support for cross-chain functionality, enabling native xcKSM — the first XC-20 asset supported for borrowing and lending on Moonwell Apollo on...
Moonriver Network announced the Moonriver Grant Hackathon. Starting March 23rd, the Moonbeam Foundation, with DoraHacks and Huobi Incubator, opened the Moonriver Virtual Hackathon.
Moonriver...
Orcus Finance has partners with Astar Builders Program
Astar has great potential on becoming a multichain dApp hub on Polkadot that will support multiple blockchains and virtual machines, as...
Polkadot Parachains and Venture Funds Team Up to Launch $250 Million ‘aUSD Ecosystem Fund’ to Grow Polkadot’s Native Stablecoin, Acala USD
Acala, along with an initial nine Polkadot...
SubDAO has partners with Darwinia to Jointly Explore Web3.0 DAO.
SubDAO will bring DAO infrastructure tools to the Darwinia and Crab Network ecosystem, and integrate Darwinia Substrate to...
Ankr will be supporting Standard Protocol on its journey in the Polkadot ecosystem over the next few quarters by providing performance monitoring and analysis for RPC validators on Standard...
KILT identity blockchain for issuing decentralized credentials will enhance Authtrail’s data integrity for enterprise
Authtrail and B.T.E. BOTLabs Trusted Entity GmbH (BTE), a developer of...
Astar are proud to announce our newest collaboration with doublejump.tokyo. In this partnership, doublejump.tokyo will expand its IP-based NFT business on the Astar Network as well as...
Phala Network has announced launch of PHA/kUSD Bootstrap and Liquidity Incentive Program on Karura Swap.
PHA (Phala Network Token) will be transferred between Karura DeFi Hub and other...