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).
PolkaBridge is always working towards launching new innovative concepts and this time we are proud to announce the launch of our Initial NFT Offering (INO) platform, which will function...
14.11.2021
Crowdloan Cap 100,000 KSM Total Token Supply 100,000,000 SUB Crowdloan Reward Allocation 16,500,000 SUB (16.5%) Base Rewards 15,000,000 SUB (15%) Maximum Referral...
14.11.2021
This collaboration is to develop Solidity standards for RMRK-based Kusama assets. This will also allow Moonriver and other EVM chains to work with RMRK NFT infrastructure, providing advanced...
13.11.2021
Polkalokr has partnered with SupraOracles, a powerful cross-chain oracle that allows businesses to bridge real-world data to public and private chains, enabling interoperable smart contracts...
12.11.2021
SubSocial announces that it will be bidding for one of Kusama’s coveted parachain spaces. As a result, SubSocial also invites Kusama (KSM) holders to join in its crowdloan campaign in...
11.11.2021
KILT is a fully decentralized blockchain network. This means that BOTLabs GmbH, the company behind the development of KILT Protocol, has handed over decision-making to the community. From...
11.11.2021
PureFi, a decentralized protocol that provides compliance tools while maintaining the anonymity of users, and PolkaBridge, a Multichain & Cross-Chain Decentralized All-In-One Platform...
11.11.2021
Polkadex Network will be integrated into Subscan, the Web3 blockchain explorer for Substrate networks Users of the Polkadex Network will soon access Subscan to view and verify blocks and...
10.11.2021
$10M Kylin Ecosystem & Builders Fund. Fund Mission: The objective of this fund is to support visionary projects and developers who are inspired by the vision of decentralized data (NO...
10.11.2021
SubQuery is pleased to announce its partnership today with Web3Go , Polkadot’s newest data analytics platform. Similar to SubQuery, Web3Go is designed to be an easy-to-use project that...
10.11.2021
Acala Launches First Liquid Staking Product for Polkadot & Kusama The first liquid staking products in the Polkadot and Kusama ecosystem, Acala’s DOT and KSM Liquid Staking represent a...
06.11.2021
EmiSwap has been approved by the Shiden Community for joining in Builder’s Program on October 7. Shiden Network: Astar Network (previously known as Plasm) is a dApp hub on Polkadot that...
06.11.2021
Litentry Crowdloan has collaborated with Bifrost to bring Liquidity DOT Derivatives. Litentry Crowdloan is partnering with Bifrost, a parachain network that provides liquidity for staking...
06.11.2021
Bridge Mutual Version 2 is set to launch on the 16th of November, 2021 at 10:00 EST. Bridge Mutual V2 completely transforms the platform by introducing completely new features. First and...
05.11.2021
Nova Wallet will receive a grant from the Moonbeam Foundation to implement MOVR and GLMR features in its mobile app. Nova team to implement the following features in the Nova Wallet: —...
04.11.2021
Ethbox, the leading on-chain escrow platform, has launched on Reef Chain. This integration makes it possible for Reef Chain users to take advantage of this amazing escrow service on Reef...
03.11.2021
The partnership will combine Unique’s white-label NFT technology with SupraOracle’s novel oracle toolset to improve the composition of the dynamic NFTs that we’re nurturing...
02.11.2021
Bifrost is ready to deploy SALP services on Polkadot to support bidding for more projects. Polkadot’s Mainnet on November 11. The focus of the chain in the third quarter of this year was...
02.11.2021
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