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).
Starfish Finance announces joining of AstarNetwork‘s incubation program. The collaboration is to bring a seamless DeFi x NFT-Fi experience, and we converge DeFi and NFT players in the...
Citizend announces partnership with Acala Network to Bring Its Natively-Built Token Launch Platform to Karura for the Polkadot and Kusama Ecosystem.
Citizend will launch on the Karura EVM+,...
Acala is working with the team at Anchor, a savings and borrowing protocol built on the Terra blockchain, to grow the decentralized stablecoin space through a variety of integrations...
Konomi has announced dual partnership with Bitstore and Encentive. This will further the reach of the Konomi Network and ensure that we provide our best resources to our...
ArthSwap has announced the launch of its Acceleration Project, “ArthShot”. With this IDO, ArthSwap has graduated from Astar Network’s Incubation Program and will launch a new program...
BlockchainSpace has partnered with Moonbeam NFT Platform, providing more earning opportunities to BlockchainSpace’s guilds and gamers. BlockchainSpace, the world’s leading hub for...
Imbue Network Integrates aUSD As Its Default Stablecoin for Crowdfunding on Polkadot
The Imbue Network, a decentralized venture capital crowdfunding platform, will become a part of the...
SubQuery announced partnership with Talisman. Talisman is a community-owned wallet built for Polkadot and Kusama. It allows users to take control of their crypto assets and help shape the...
Governance Module is launching on Crust Shadow Network on April 18th! The governance module has been extensively launched on the Maxwell Testnet and mainnet.
Introduction of governance...
Pandora Swap Token sale will be held on April 21.
Pandora Swap Empowering the future of Defi and NFT Marketplace in Web 3.0. The fastest and most secure DEX on the Astar Network.
Pandora...
Bifrost then deployed the SALP protocol on the chain, went live and integrated the cross-chain message XCM, supporting the demand for slot bidding for subsequent projects in a decentralized...
Solarbeam is bringing a new stable farm to the community:
💠 $kBTC/$wBTC
The Solarbeam Foundation is willing to be a purveyor of true decentralization within the DeFi space. So, believing...
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,...