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 journey of Lithium Finance has been challenging yet fulfilling for the team. From building the product from scratch to finding investors then going public, Lithium wouldn’t be where it...
The launch of a $30M Astar/Shiden Ecosystem Growth Fund Ⅰ to help us build the premier dApp hub on Kusama and Polkadot.
In 2021 July, Shiden Network successfully became a Kusama parachain,...
This integration will bring access to synthetic assets tied to real asset oracles, asset verification, asset yield farming, lending and borrowing, and additional cross-chain bridges to Reef...
Devs Will Be Able to Access a Plug-N-Play Solution That Will Strength the Security of Their DApps
This integration opens the doors for Moonbeam and Polkadot devs to build dApps securely,...
CoinFantasy is deploying Polkalokr’s token locking and Swapr tech as solutions in gamified monetisation markets.
Token locking and distribution with LOKR
CoinFantasy is seeking to expand a...
ICHI joins the collection of whitelisted coverage pools on the Bridge Mutual platform. These specially selected coverage pools, deemed as leading within the crypto space, enable users to...
Anmol Network will organize technological efforts to use and extend Darwinia’s protocols to allow cross-chain NFT migrations.
This partnership will be to deploy high-performance substrate...
Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored on public and private ecosystems, and permissioned and permissionless...
Polkadex was among a handful selected to participate in the Blockchain Stream of the CDL program. This selection is a testament to the unique potential of Polkadex and the visionary nature...
On the 9th of September, 2021, ProjectX is launching the IDO of its $XIL on the Red Kite launchpad.
ProjectX works to further develop current investment tools and provide the most secure and...
No major security issues identified, all are mitigated by minor upgrades to Reef Chain, or good smart contract & dApp dev processes.
Through a variety of automated and manual testing...
Zenlink SlotVault has integrated Centrifuge and offers up to 100,000 ZLK to support its parachain crowdloan.
Zenlink SlotVault was launched to support parachain slot auction, and the first...
Integration Will Boost the DeFi Ecosystem by Bringing Lending and Borrowing Protocol to Moonriver on Kusama, Then Moonbeam on Polkadot
C.R.E.A.M. Finance will be extending their lending and...
Тhis integration will allow SMEs, historically underserved by traditional financial institutions and typically borrowing at high interest rates, accessing more efficient capital. It also...
The Liechtenstein Cryptoassets Exchange (LCX) has announced the release of Fire Salamander on Polkadot, following the integration with Uniswap. The innovative Decentralized Finance (Defi)...
Bifrost will be supporting Basilisk in the second batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity. The SALP Pallet will live...
Luis Zau is one of the most promising and emerging Portuguese digital artists and a major talent in contemporary art. His art and vision, started to spread worldwide and enabled him to...
Phala Network has Launched on Binance Bridge, Opening a PHA/USDT Liquidity Pool.
Users can Add liquidity to the PHA/USDT liquidity pool now and you’ll get a share of 180,000 PHA in...