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).
Polkadex already have 60 validator nodes spread across the world who are currently verifying transactions and producing blocks. Over 25 more nodes are waiting to validate in the next era....
Patract Open Platform’s goal is to promote the large-scale popularization of Wasm contract technology in the Polkadot ecosystem. Patract Open Platform (POP for short, Wasm Contract...
Pontem Explained Why They’re Building Financial Infrastructure for the Metaverse.
Why Pontem?
The metaverse will provide financial opportunities for those previously excluded from the...
Polkamarkets Protocol has been audited by Hacken and passed. Architecture Review, Functional Testing, Computer-Aided Verification, and a Manual Review, were performed on Polkamarkets’...
RelayChain Launches the First Bridge to the Shiden Network in partnership with Boltswap. Users of this blockchain have been eagerly awaiting a pipeline to import new liquidity.
Shiden...
Skyrim Finance Evangelist Grants Program is designed to
— Recruit crypto enthusiasts who are devoted to working to write original content for Skyrim Finance.
— Inspire work including but...
DAOLaunch has been selected for the ASTAR/Shiden Network Builders Program which will accelerate its growth through Dappstaking grants, marketing, technical support, and accelerator...
Moonbeam has collaborated with KYVE to Bring Permanent Data Availability to Moonbeam and Moonriver
Moonbeam’s integration with KYVE on the Moonbase Alpha network is now completed and...
Within this collaboration, Standard Protocol will incorporate Standard Protocol’s stablecoin, MTR, into DeCredit’s to provide a stable and robust credit loan ecosystem, and explore...
The bug bounty program for Polkalokr is a great chance for our ethical researchers to test a highly technological project and earn attractive financial rewards for reporting on detected bugs...
Bridge Mutual is transferring its liquidity to SushiSwap, and BMI has been recognized by the Sushi team as eligible to join the notable Onsen program, a liquidity provision reward system...
Moonriver has integrates with Band Protocol to bring decentralized and scalable oracle infrastructure to its ecosystem. Band Protocol’s collaboration with both Moonriver and Moonbeam which...
Who is Coinversation?
Coinversation Protocol is a synthetic asset issuance protocol and decentralized contract trading exchange based on the Polkadot Contract Chain. It uses the token CTO...
DIA Oracles will be integrated into Moonriver, MoonbeamNetwork’s canary network connected to the kusamanetwork
Moonriver provides a permanently incentivized “canary network” for...
This collaboration will include the establishment of cross-chain communication channels between RioChain and the Phantom network as well as joint research on DeFi protocols.
Phantom Protocol...
Through this collaboration, Rage Fan will explore the use of Polkalokr’s versatile multichain token locking and distribution mechanics as well as other offerings by Polkalokr for its...
PolkaBridge have received a $50,000 funding grant for blockchain integration and development. According to the proposal that we made and was approved, PolkaBridge will expand it’s...
User avatar animations
The new avatar will be one of the avatars in the game, and you can see him first walking, and then running in the game. We refined the movement animations of the...