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).
Nodle partnered with NFT-Focused Trading Ecosystem, TheXchange, To Enable Secure In-person Networkless transactions and Proximity Trading.
The collaboration marks the beginning of a new...
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced today that The Graph’s hosted service has integrated their protocol onto the Moonbeam TestNet, Moonbase...
Encointer was recently granted Kusama’s second common-good parachain slot by Kusama’s on-chain governance community, and began onboarding to the network on January 9th, 2022.
The...
Astar Network and Octopus Network to connect Cosmos and Polkadot.
Astar Network aims to be a multichain, multi-VM smart contract hub on Polkadot that connects multiple L1...
The Polkadex Crowdloan is now live!
The partnership gives Polkadex Crowdloan contributors the ability to keep their DOT liquid throughout the duration of the lock (Crowdloan + parachain...
Composable Finance is proud to announce a collaboration with UMEE, an IBC-enabled chain built on Cosmos, to introduce the leading lending market to Picasso, further demonstrating our vision...
Celer Network cBridge launched support for Aurora, an EVM scaling network that runs on the NEAR Protocol and takes advantage of its many unique features, including sharding and fast...
Moonwell is an open lending, borrowing, and decentralized finance protocol built on Moonbeam and Moonriver. Moonwell’s composable design can accommodate a full range of DeFi applications...
CoverCompared are happy to welcome Escrow Protocol onboard. Investors will now have access to our platform where they can insure their escrow funds at affordable rates. Escrow Protocol is...
Polkadex is going for a parachain slot on January 17 and we need your help to win!
What is a parachain?
One of the key features of the Polkadot ecosystem, parachains are specialized Layer-1...
cBridge’s Liquidity Mining Session One is coming to an end today, but don’t worry! We are happy to share that we will be seamlessly transitioning into Session Two of the liquidity mining...
Tinlake has partnered with InsurAce to provide insurance cover for digital assets.
Tinlake is a fully decentralized financing protocol that interoperates with different blockchains and plugs...
Convergence Finance now support Swap and Liquidity Pools that is deployed on Moonbeam, first Ethereum-compatible smart contract parachain on Polkadot.
Convergence aims to democratize...
Celer cBridge now supports bridging to Moonbeam under the Open Canonical Token Standard. The Moonbeam community is now able to use cBridge for a fast, low-cost cross-chain bridging...
cBridge Partners with WOO Network to Enable Cross-Chain Bridges for $WOO
Celer is delighted to announce yet another new partnership! Celer have partnered with WOO Network and have completed...
Moonbeam, the fully Ethereum-compatible smart contract platform on Polkadot, has completed its launch process to Polkadot. Upon this launch, Moonbeam became the first fully operational...
Composable Finance is excited to announce that Mosaic will support Moonbeam as one of its connected networks. This integration will allow users to seamlessly transfer tokens between...
Bifrost announced its support for the Pichiu (Kylin’s Canary) Crowdloan, Polkadot’s advanced decentralized data feeding protocol. Bifrost is committed to providing liquidity to locked...