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).
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...
Offshift is excited to announce updates to their Community Ambassador Program. As everyone in our community plays a role in shaping the future of private, decentralized finance (PriFi), we...
📅 Schedule Competition time: 01:00 PM UTC, October 03–03:00 PM UTC, October 07
Winner announcement: October 07, 2021
IDO date: Friday, October 08, 2021
Buying time: 01:15 PM UTC —...
Bridge Mutual platform featuring top-tier DeFi projects that Bridge Mutual has selected to receive extra BMI rewards in exchange for providing coverage liquidity.
88mph is an open-source and...
Polkasocial is a blockchain based social network platform & NFT marketplace. Network, follow peers and influencers, live stream, play games and much more!
Polkasocial is a decentralised...
Standard Protocol announced the partnership with Go Pocket, a new generation multi-chain wallet that provides comprehensive security safeguard for Crypto users.
Go Pocket provides...
Oraichain Data Hub has been officially released with the aim of accelerating the decentralization of data crowdsourcing and monetization.
This hub focuses on empowering the data economy with...
PolkaCover platform will now offer Medical Second Opinion (MSO) products for users where they can choose from a wide range of different MSO insurance packages based on their needs.
What is...
Celer Network plan to launch cBridge 2.0 in phases with testnet starting in October. cBridge is a major upgrade to the rapid success of its blockchain interoperability service powered by the...
Crust Network Introduces Crato, a decentralized distributed cloud storage solution based on blockchain, provides Decentralized Storage service based on IPFS and Crust.
Crato focuses on...
LuxFi has partnered with AdEx, a decentralized network for digital advertising.
Within this collaboration, LuxFi will become an exclusive publisher of AdEx and can make use of AdEx’s...
PolkaEx has received a strategic investment from Sota Watanabe, a Founder Of Astar & Shiden Backs PolkaEx.
DEX and Launchpad
Sota Watanabe invested into PolkaEx and put his full...
The Polkadex blockchain is now live as a public solo-chain built on Substrate. Soon, the main components of Polkadex, including the PolkaIDO launchpad, Polkapool, and Polkadex Orderbook,...