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).
Moonbeam Foundation announced “Take Flight”, a Community Token Event for Moonbeam.
Take Flight event is an opportunity for Moonbeam community members to obtain Glimmer (GLMR)...
Uno Re will offer many handy features for the community, Uno Re will leverage Covalent’s APIs to its dApp, to enable their users to track their crypto portfolios, token holdings, and...
Crust Network utilizes a unique combination of GPoS (Guaranteed Proof of Stake) and MPoW (Meaningful Proof of Work) to create a decentralized cloud storage market for a cloud ecosystem that...
Plutos Network is a platform that gives users full and limitless control over swaps, options, unique contracts, commodities by integrating blockchains such as Polkadot, BSC, and Solana.
This...
Through the partnership, Coinversation’s advanced DEX Kaco(evm version DEX) will deploy on MathChain. At the same time, MathWallet will support Coinversation advanced DEX.
MathHub will...
Beosin Technology has used various methods such as Formal Verification, Static Analysis, Typical Case Testing and Manual Review to audit the essential aspects of Konomi Oracle smart...
Polkadex has partnered with Hummingbot on a three-month long liquidity mining campaign.
Liquidity mining campaign will reward $PDEX traders on KuCoin.
What is liquidity mining?
Liquidity...
Elrond Network has collaborated with Bridge Mutual To Access Sophisticated Strategies For Risk Coverage Via Bridge Mutual.
This collaboration will enable users to insure against hacks,...
The preliminary phase for Investors consists of several cohorts, with each cohort strategically designed to ensure maximum investor capital utilisation and the highest APRs.
These cohorts...
PolkaPlay official partnership with GameFi for a collaborative venture to bring our users a unique and extraordinary gaming experience.
As PolkaPlay thrives to become the top social NFT and...
Apron Network provides the first decentralized infrastructure platform with multi-chains, the decentralization and the stateless API load balancing of Apron SDK can ensure that the users of...
Meter has partners with Moonriver for the deployment of our Meter Passport bridge on Moonriver.
This bridge will connect the Moonriver parachain and Kusama to Ethereum, Binance Smart Chain,...
Zenlink announced the 2nd Batch Initial Governance Board Members of ZenlinkDAO
The ZenlinkDAO Initial Governance Board plays a critical role in Zenlink Bootstrapping Governance, so after a...
Users can earn rewards when you stake cryptocurrencies and fiat for a period of time as an incentive to acquire and hold onto staking assets. Some staking coins may require a bonding...
Moonbeam Integrates with Covalent to Bringing Data Accessibility to the Moonriver Parachain on Kusama
The initial integration includes complete indexing of Moonriver, a parachain deployment...
Whitelisting details and IDO date for the Polytrade IDO on Polkastarter.
Polytrade $TRADE IDO is coming on one of the top IDO platforms, Polkastarter on 18th August, 2021. How to get...
Plutos Network will integrate Solana in its Synthetic Issuance and trading platform, for better scalability performances.
Plutos Network is built on leading Blockchains including Polkadot,...
Crust Network Has Partners With Functionland on Web3 Developer Tools.
Crust Network and Functionland will collaborate to help bridge the gap between front-end developer toolset and...