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).
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...
Ignite Tournaments has deployed smart contracts onto the Moonbeam testnet, Moonbase Alpha, in anticipation of commencing the Ignite Tournaments Mobile Alpha Test, which will begin in the...
Capx to Launch on Acala, to launch its solutions for unlocking liquidity of vested tokens on Acala’s EVM+
Capx to launch on Acala, bringing its innovative solution for unlocking the...
Celer Network has partnered with OasisProtocol to integrate cBridge into the Emerald ParaTime.
Celer Network has partnered with the Oasis blockchain to integrate cBridge into the Oasis...
The Shiden Growth weekly Digest provides an overview of the Shiden ecosystem activity for the previous week
Shiden dApp staking updates
One of the most important news for Shiden community....
Acala Enables DOT Bridge
With the one-directional DOT bridge live, users can now begin to transfer their DOT liquidity to Acala in preparation for the parachain’s fast-approaching DeFi...
Acala Network is the decentralized finance network and liquidity hub of Polkadot.
Acala Crowdloan Rewards Distributed to Participants
On Dec 28, Acala started distributing rewards to...
Polkadot returns to ETHDenver this year for more creativity, code, and chaos! Join workshops online; February 11–20, 2022. All free!
Polkadot is a lot of things in one decentralized...
Coincheck, one of the largest crypto exchanges in Japan, invested in Stake Technologies, the core company behind Astar Network. Since Astar Network is already backed by major exchanges like...
As one of the most engaged community driven projects on Moonriver, Hydro have been dreamin’ of this moment. Huckleberry is a AMM crosschain DEX and lendin’ platform that we have been...
CelerNetwork has partnered with dForce to enable cross-chain bridging for DF and USX through cBridge.
Users will now be able to bridge DF and USX in a liquidity-pool-based model directly...
CoverCompared welcomes Integra Global, provides its services to individuals, families, and groups living, traveling, or working abroad.
By partnering with Integra Global, we became the...
Polkadex has partners with Simplex to integrate PDEX onto Simplex’s industry leading fiat-to-crypto payment solution.
This integration will enable users can now buy PDEX directly with over...