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).
Starlay Finance Has Partnered With Astar Network, To Join Astar Incubation Program.
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Technology
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Standard Protocol is the first Self-Sovereign Stablecoin protocol that embraces and visions the true decentralized form of Web3.
Shiden Network, and Metis. Standard Protocol is also a...
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Composable Finance has received a $50,000 grant from Olympus DAO that will enable it to work collaboratively with the DAO to integrate asset — gOHM and onboard the DAO as a pallet into...
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Zenlink Partners with Frax Finance and Launches FRAX Liquidity Incentive Program on Moonbeam Network
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Polkamarkets announce the deployment of the multi-chain Multi-chain Market Protocol (Moonriver + Moonbeam)
Why multi-chain?
Multi-chain capability on prediction markets allows a wider range...
OAK Network closed a $5.5M Seed round led by Foundation Capital, Greylock, and Hypersphere Ventures. Other notable participants in the funding round include Electric Capital, Monday Capital,...
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, has released the latest runtime 1201 upgrade to Moonriver, with a Moonbeam deployment to follow next week. This...
Astar Network has announced the Astar Boost Program, a $100M fund for liquidity providing, financial support, an incentive program, and much more.
Astar Network is a dApp hub on Polkadot...
cBridge partners with YuzuSwap Launching $240K in Liquidity Mining Rewards for ceUSDC/ROSE
Celer’s recent partnership with the Oasis Blockchain has opened up opportunities for us to work...
Dapplooker, a multi-chain analytics and visualization platform for blockchain projects, announced an integration with Moonriver, a companion network to Moonbeam on the Kusama Network. This...
Ferrum will be bringing their suite of white label products and services to the Moonriver ecosystem! This includes their Cross-Chain Token Bridge and Staking as a Service solutions.
Ferrum...
EVA team will launch the Web3 decentralized EVA computing platform based on the unique Layer0 Network infrastructure, which providing stable, safe, timely and cost-effective computing power...
The Solarbeam Foundation is proud to announce the adoption of the Stable AMM feature into both Solarbeam and Solarflare.
Powering the growth of decentralized finance (DeFi) with Moonbeam and...