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).
Pinknode has successfully enrolled into the Shiden Builders Program and has been whitelisted into their dApp Staking Program!
How does dApp Staking work?
Their core mission is to Empower the...
Amara Finance is having ExNetwork on board as a long-term partner.
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Track your OnFinality resource consumption in our new unified Usage Center.
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Konomi Oracle Decentralised Validator, Konomi Oracle is now live on the testnet.
This update will focus on validator contracts, and the different types of validators will be the core to the...
Polkadex users will be able to migrate from ERC-20 to the native chain until Q1 2022, after which the ERC-20 will be disabled. The earlier the migration, the larger the advantages.
Polkadex...
Treasureland and Moonbeam teamed up to port Treasureland’s smart contract to Moonriver.
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Chainlink Now Supports the Most Active DApp Ecosystem on Kusama
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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.
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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
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