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).
Treasureland and Moonbeam teamed up to port Treasureland’s smart contract to Moonriver.
Treasureland supports the Moonriver chain, which will allow Moonriver users to utilize...
Chainlink Now Supports the Most Active DApp Ecosystem on Kusama
The integration of Chainlink Price Feeds on Moonbeam provides developers with a multitude of key features needed for DeFi...
Impermax is going live on Moonriver, launching leveraged yield farming for Solarbeam pairs.
Moonriver is launching leveraged yield farming for Solarbeam pairs.
Yield farmers on Moonriver...
Polkastarter has been committed to supporting gaming projects, whether for IDOs, incubations, or partnerships, with great potential and long-term vision.
Seeing that Polkastarter announced...
Shiden Network has collaborated with Covalent to integrates the complete indexing of Shiden Network
Through this integration, Shiden is expanding the availability of data on the platform and...
Minterest has Integrated Chainlink Price Feeds to Bring DeFi Borrowing and Lending to Moonbeam.
The integration will allow Minterest to fetch high-quality price data during core protocol...
Metis DAO’s mainnet is a Ethereum Layer 2 Rollup infrastructure to support the running of the Web3.0 economy with its speedy and secured solution.
Andromeda will be the 3rd chain expansion...
Zero knowledge proofs (‘zk proofs’ or ‘zks’) are amongst the foundations of modern cryptography. At Offshift, zks are a bedrock of our PriFi technology. In conjunction with a...
Composable Finance’s Picasso launched on the Kusama Network as a Parachain and has started producing blocks. They are thrilled for this opportunity and look forward to involving the...
Celer Network is excited to announce that the integration of cBridge with Kava Labs™, the primary and non-custodial developer of the Kava network, is underway. The integration is aimed at...
Bridge Mutual is excited to announce its new partnership with Metis Protocol, an Ethereum Layer 2 rollup platform.
The collaboration will enable users to purchase coverage for their...
Crust Network has partnered with Flow to Introduce Decentralized Storage Solutions
Crust Network is partnering with Flow to introduce practical, powerful, and user-friendly IPFS-based...
The partnership will research connecting the t3rn Volatile Virtual Machine (VVM) to expand the utility of the Composable Finance cross-chain virtual machine (XCVM), expediting the...
cBridge 2.0, unveiled less than two months ago and powered by the upgraded State Guardian Network (SGN), is now live on mainnet!
In the first phase of the launch, users will be able to...
The Initial DEX Offering (IDO) on Polkastarter is the next fundraising step for Humans.ai after a successful $9M financing through the private sale round. We plan to continue investing in...
On the way towards a fully interoperable ecosystem of blockchains Composability
Nodle wants to make its Decentralized Wireless (DeWi) network and apps composable with many services from...
With Standard Protocol’s stablecoin interoperability, and PIST TRUST as a one-stop platform on digital assets management connecting their strong retail and e-commerce partners ecosystem,...
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced plans to integrate and collaborate with Lido, the largest liquid staking derivatives protocol, which is...