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).
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...
The Program will provide technical support on the DEX deployment on Shiden.
The Builder Program is created to support teams that are building products that help further the development,...
Wanchain Integrates with Moonbeam to Boost the DeFi Ecosystem in Kusama via Moonriver.
This will enable developers on Kusama Will Be Able to Access Wanchain’s Decentralised Blockchain...
Bifrost will be supporting Altair (Centrifuge) in the second batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity.
Centrifuge’s...
Zenlink SlotVault is now LIVE! Participate in the parachain Crowdloan to win double incentives.
Zenlink SlotVault DApp, a decentralized PLO support application built by the Zenlink team, is...
The second round of 5 auctions will begin in the next few weeks. Auctions will start on September 1st, 8th, 15th, 22nd and 29th, 2021, 12:00 UTC. During the first round crowdloan, Crust...
Wrapped.com and Kadena partnered bring Wrapped BTC — kBTC — to the Kadenaswap Universal AMM infrastructure and the Kaddex DEX.
Kadenaswap technology leverages Kadena’s scalable...
OceanDAO has surpassed $1M in grants and received over 130 proposals, with the community voting 68M OCEAN. People and teams working in data science, artificial intelligence, STEM and...
Moonbeam Foundation announced Take Flight event will start on September 7.
Take Flight a Community Token Event for Moonbeam. Take Flight event is an opportunity for Moonbeam community...
Kanaloa Network aims to improve accessibility and security across the DeFi industry worldwide. Participating in the network will enable a trustless, commitment-based entry point to...
Manta Network has partners with Zenlink for Privacy Tech and Parachain Crowdfunding.
This partnership to explore the field of “DeFi+Privacy” and to develop a DEX with privacy protection,...
Prediction Trading, will be powered by SupraOracles, a dynamic cross-chain oracle in the industry.
SupraOracles is a leading cross-chain oracle that enables interoperable smart contracts to...
-KSM holders can lock their KSM for KILT via the Fearless wallet or Polkadot.js
-The minimum crowdloan contribution for KILT is 0.1 KSM.
Kusama crowdloans are run as candle auctions. For...