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).
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...
This $61M will be donated from the Acala Foundation to the on-chain Acala Treasury, Acala’s Protocol DAO, upon launch of Acala on Polkadot. These funds, held in Polkadot’s DOT token,...
The collaboration will be driven by MixBytes, who has been selected by the Lido DAO to lead the technical integration for the Polkadot ecosystem. This integration introduces liquid staking...
Through Chainlink, developers will be able to tap into decentralized price oracles for a wide range of asset prices that are backed by high-quality data, low latency updates, and robust...
Convergence Finance Integrates Chainlink VRF for fair and unbiased randomness in distribution events
By integrating the industry-leading decentralized oracle network. The protocol can...
The product beta testing application is now available for the Zenlink community. Successful applicants will be able to experience the first Polkadot-based cross-chain DEX and start the...
Using Game Theory to Maximise Liquidity
Game theory is a commonly used economics phrase referring to a framework for predicting the choices of competing actors within a strategic scenario,...
Polkastarter Gaming is a fun-packed series of activities, including auctions, product releases and business initiatives dedicated to gaming and blockchain’s increasing effect on the...
Reef Chain integration with ethbox an on-chain escrow platform that prevents lost funds due to setting an incorrect recipient address! Instead, ethbox users set up a transaction, insert the...
SubQuery announces a US$9M funding round for the first decentralised data aggregation layer for the Polkadot ecosystem. This round brings together key stakeholders into the Web3 Ecosystem,...
The grant is to bringing a Stable Asset Protocol to Acala’s Multi-Chain DeFi Hub on Polkadot.
Tree is a synthetic asset protocol designed for optimizing liquidity fragmentation to increase...
Zenlink, a cross-chain DEX protocol based on Polkadot, Secured Series A Funding led by Alameda Research and followed by IOSG Ventures, Hashkey Capital, OKEx Blockdream Ventures, Hypersphere...
Users can Stake PBR on Polygon With Lower Fees and High APY.
PolkaBridge development has been gaining steam and our first priority is a smooth / hassle free launch of our “MultiChain...