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).
Naffiti $NAFF IDO will be held on Red Kite. Naffiti NFT Marketplace and also a launchpad that helps creators, entrepreneurs, and license owners create and market NFT collections and assists...
StellaSwap has partnered with Blockchain Monster Hunt (BMH), To launch the first dual-rewards liquidity mining program for projects on Moonbeam Network.
Blockchain Monster Hunt is the First...
Frax has announced partnership with Ola Finance to launch lending network for the fractional-algorithmic stablecoin
The Frax Lending Network will deepen their integration with Moonbeam by...
Composable Finance, Mosaic is integrating Connext as another DeFi bridge in its liquidity rebalancing procedure.
Mosaic is transitioning into Phase 2 with three first-in-class innovations:...
Rand Network has announced to launch yield aggregator strategies on Acala, leveraging aUSD stablecoin yield for App Users. Rand will launch new yield aggregator strategies for their app and...
SubQuery Announced Partnership With Parami Protocol
To help power Parami Protocol’s Web 3 advertising technology.
Parami Protocol is developing an innovative new technology for a...
Starlay Finance Has Partnered With Astar Network, To Join Astar Incubation Program.
Astar Network has recently announced the launch of the Astar Incubation Program. Projects in this program...
Solarbeam announced partnership with SpiderDAO to distribute $SOLAR rewards to SpiderMiner users, and also to promote hardware mining among its users by introducing the...
Technology
The InvArchi-tech team has successfully completed the development of truly composable IP Sets & IP Files 🎉! This means that users can freely append & remove any...
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...
BCMHunt is loved by its Pokemon inspired world of unique monsters, in which CHAIN MASCOTS are distinguished creatures that represent the multi-chain fundamental of the project. Every time a...
Oort Digital will empower PlaceWar and add more value to its NFTs. Oort Digital will enable PlaceWar’s NFTs to reward users who lend & borrow PlaceWar in-game items with our NFTs. The...
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...
GameDAO will be joining the Acala ecosystem. GameDAO is set to bring its community-owned operating system for fundraising, videogame ownership, metaverses, e-sports, and the creative...
Zenlink Partners with Frax Finance and Launches FRAX Liquidity Incentive Program on Moonbeam Network
Zenlink is the first native cross-chain DEX protocol based on Polkadot. Zenlink DEX Dapp...
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...