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).
SubDAO released the PolkaSign product development plan, aiming to provide electronic protocols in the form of Web 3.0 to replace the system in Web 2.0.
PolkaSign is a Web3.0 application for...
Through this collaboration, X Protocol will support Black Ocean & FLy with its dark pool liquidity, and allow Black Ocean’s dark pool transactions to connect to different kinds of main...
The Oracle is a mechanism to write information outside the blockchain into the blockchain itself. Its function is to write external information into the blockchain and complete the data...
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Centrifuge unlocks tokenization of real-world assets, serving investors who crave access to the market but do not possess the technicality, knowledge, and time to manage liquidity pools in...
Pinknode will provide Equilibrium with secure API endpoints, full node-running services, and collator node-running services. In return, Pinknode’s architecture will see higher usage volume...
Polkadot’s Cross-chain Message Passing protocol, known as ‘XCMP’, is a game-changer and unique feature in the Polkadot ecosystem. XCMP allows consensus-based message passing between a...
Partnership Vision
4Aces is a veteran investor in the crypto space, having identified niche projects it helps co-create value and CFL365.Finance will gain from its strong marketing...
Partnership Vision
Blockchains are trustless systems and successful projects are built on a series of relationships. Black Ocean, a liquidity-providing platform incubated by the...
Phuture will rolling out the full protocol on testnet, with each stage introducing further functionality. The goal of this approach is to involve their community at the earliest stage of...
Dock and Xertify share a mission to bring innovative credentialing solutions to organizations using blockchain technology. Xertify provides a full-service platform for organizations such as...
StaFi Protocol supports Tidal Finance’s launch with up-to $1million in coverage for their protocol users. In case of a payout event, the coverage amount will be directly paid to the StaFi...
Reef Finance has partners with Klever, bring Reef Chain mainnet live.
Reef Finance and Klever have been working together behind the scenes to enable Ethereum and Binance Smart Chain (BSC)...
The Kusama community has just voted to upgrade the runtime of the Statemine parachain, Kusama’s instance of Statemint. Statemine was Kusama’s first featureful parachain. Like the...
The Kusama community has just voted to upgrade the runtime of the Statemine parachain, Kusama’s instance of Statemint. Statemine was Kusama’s first featureful parachain. Like the...
Astar Builder program is to help further the growth, development, and adoption of the Shiden Network by supporting teams that are building on Shiden and, in a later phase Astar ecosystem....
Whitelist for PolkaPlay $POLO IDO Pool on Red Kite is Now Open!
Phase 1 is for whitelisters who are from Hawk, Eagle, and Phoenix tiers and the winners of the Dove tier. Each person can buy...
This collaboration will allow users taking advantage of Reef powered dApps to easily reuse existing Verifiable Credentials, built off the W3C standards becoming more widespread every day,...