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).
The establishment of the Konomi Community Governance Board will be an important milestone in transitioning Konomi from semi-centralization to complete decentralization. When Konomi product...
Zenlink is pleased to announce that Zenlink SlotVault DApp is officially integrated with the Bifrost SALP protocol, providing users with the option to release the crowdloan...
Through the partnership, Standard Protocol will support X Protocol by integrating its stablecoin, MTR, in X Protocol’s prediction market and NFT marketplace to expand its dAPP ecosystem.
X...
Parity just accepted the request to include a link to Sub.ID on the accounts page in Polkadot.js, next to the links for Subscan, Polkastats, etc. You can now easily pull up the Sub.ID...
Parallel’s mission is to innovate and bring DeFi to the next level and to a broader audience. Today we are excited to reveal how Parallel Finance are using SubQuery data in their new...
Through this partnership, Seedify will direct new blockchain game projects towards utilizing Phala’s decentralized cloud computing resources. At the same time, Phala Network will introduce...
This partnership is to provide users with the feature of yield farming where they can store $HAKA and have access to a variety of tokens on the Skyrim platform like Ethereum, Binance chain...
The Plutos Network SaaS program, supporting both ETH & BSC assets..
— By participating in “Prometheus”, partner projects will need to be approved, as Plutos Network is...
Celer Network is a layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption.
WePiggy focuses on...
Yuser NFT Social App and Marketplace on Moonriver
Yuser’s mission is to build an ecosystem of interconnected applications that put power back into the hands of users by giving them full...
Astar Network is a multi-chain dApp hub supporting Ethereum Virtual Machine, WebAssembly, and multiple layer1 blockchains. Polkadot Relaychain doesn’t support smart contracts by design, so...
OnFinality, a leading blockchain infrastructure as a service platform, is providing scalable RPC (Remote Procedure Call) services to KILT Protocol from the first block.
OnFinality’s...
POP thrilled to announce the opening of the 2nd Candy Farm — the $BMI Candy Farm!
With the opening of this Candy Farm, POP! token holders will now have the ability to stake their POP!...
Through this partnership, BSCStation and Polkafoundry/Redkite can co-operate in the following areas:
✔️Staking partners: Polkafoundry/Redkite and BSCStation will have their partners...
Growth DeFi Integrates Chainlink Price Feeds on the Binance Smart Chain mainnet for their collateralized stablecoin lending protocol: MOR
By integrating Chainlink’s industry-leading...
DefiCliq will integrate DIA’s open – source and transparent Oracle into it’s DeFi protocols to improve it’s security and privacy layers.
Through this collaboration,...
Skyrim Finance enables investors to benefit from risk-adjusted returns by utilizing fixed-rate and leveraged-yield Defi products. They’re the first multi-chain decentralized structured...
Akropolis is one of the leading Ethereum based DeFi platforms in Europe and has one of the most active communities of developers around the world.
Through this integration RioWallet users...