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).
Based on the reward calculation method:
Allocation pool: Users will earn staking rewards each time a new block is created. The sooner and the higher your staking, the more rewards you...
Lithium will be Blitz Labs’ designated data oracle to provide blockchain data and insight for research & advisory purposes.
This partnership will open doors for Blitz Labs to leverage...
Parami partnered with 1Sol Protocol to explore on community growth and DAO governance.
1Sol Protocol will cooperate with Parami on its liquidity mining mechanism and help to expand business...
Polkadot Announced The Eighth event from the Encode Polkadot Club series, a long-term educational programme in partnership with encodeCLUB to be held on August 26, at 6:30pm CET
Introducing...
Figment Integrates Hubble Staking Application with the Moonbeam and Moonriver Networks.
This integration brings the Hubble dashboard to Moonbeam and Moonriver, creating a more intuitive...
StaFi and Liqee have teamed up to make their networks and assets more fully compatible with each other.
StaFi and Liqee will work together to introduce rTokens, including rETH/rATOM/rDOT,...
Polkalokr has collaborated with AllianceBlock on a liquidity mining program for LKR token holders.
Through this collaboration, we aim to increase the liquidity available on Uniswap to help...
Oraichain has integrated its native ORAI tokens into Keplr Wallet. Through this, users now will be able to manage and transact their tokens via the Keplr web and mobile wallets. Given that...
Demodyfi composes functionality from Polkadot parachains using Moonbeam as a lightweight integration layer that aggregates network services before presenting them to the end-user.
Users will...
NUTS Finance Stable Asset protocol has been accepted and funded by Web3 Foundation as part of the W3F Wave 9 Grants Program.
The Stable Asset protocol is a synthetic asset protocol designed...
Jax.Network is a merge-mining operation on Bitcoin’s blockchain that aligns with Satoshi’s vision for electronic cash – to provide a reliable blockchain currency for day-to-day...
Finminity will become a Wisdom Seeker in the Lithium ecosystem, allowing users of the decentralized investor services platform to receive accurate valuation pricing from Wisdom...
–Finminity will become a Wisdom Seeker in the Lithium ecosystem, allowing users of the decentralized investor services platform to receive accurate valuation pricing from Wisdom...
By accessing the MVP at app.bwarelabs.com, users will be able to create fully-fledged RPC and WSS endpoints for Moonriver Mainnet and Moonbase Alpha.
Developers will have the possibility to...
PolkaCiphers NFT bridge will allow for RageFan NFTs and In-Game utilities to be swapped from one chain to another which opens up the ability for Rage.Fan to have a cross-compatible ecosystem...
Credefi will be a Wisdom Seeker in the Lithium ecosystem and able to leverage the data provided by Wisdom Nodes to get accurate pricing information on collateral. As a result, lenders will...
Karura Integrates with SubQuery to Aggregate and Serve DeFi Data to Kusama Builders.
Developing dApps on Karura is now much faster with the new public SubQuery projects published by Karura....
Within this collaboration Crypto.com will receive a grant in BEPRO Network’s BUIDL Grants Program.
BEPRO Network’s Grant for Crypto.com Pay integration.
BEPRO Network is making a...