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).
CoinBurp IDO to be held on Polkastarter on July 26th
Whitelist now open
Polkastarter works with a Whitelist model where users go through a pre-selection (including KYC processes) to become...
Polkabridge is an all-in-one financial applications platform, which includes yield farming, initial DEX offerings, and lending, along with several other services on its comprehensive DeFi...
The integration will help protect both our communities and help build a better risk portfolio.
With this partnership, PolkaCover welcome more exciting products onboard to our marketplace....
Reef Finance integrates Raze Network for private DeFi transactions on Polkadot.
Raze Network is building a novel solution that can provide end-to-end anonymity for the entire EVM-compatible...
Through this collaboration, both will cooperate on the DeFi application on Polkadot Layer 2 and cross-chain asset transactions between parachains.
Zenlink is an underlying cross-chain DEX...
OraiChain has partners with Trava Finance to provide credit score service through AI-powered Oracle.
This collaboration is to to build flexible and low-risk cross-chain lending protocols....
Khala Network has Won the 4th Parachain Slot on KusamaNetwork with 132,280 $KSM bid.
Khala will connect to Kusama as a parachain and network tests will be started. After a period of smooth...
KSM Starter has far surpassed its institutional fundraising goal through securing support from the industry’s most established and respected venture capital firms. Among this list, which...
ZK Plonk
The ZK Plonk is originally created by Aztec. The ZK proofs are a type of proof where a prover can prove a statement without disclosing any information. There are some famous ZK...
New MANTRA DAO Staking for Dragonbite’s BITE/ETH LP pool goes live today.
The BITE/ETH LP staking pool will be launched with a tollbooth mechanism, with the toll starting at 60% for the...
Through this collaboration, Automata Network will extend support for Witness to developers and projects on the platform, further building out private, off-chain governance in the Polkadot...
Liquidity Providers can now stake $ANKR with single-token exposure & impermanent loss protection on Bancor – while earning swap fees in $ANKR
Users can Stake and earn $ANKR on...
RazeNetwork joined Polkadot DeFi Alliance, a community of the most significant DeFi projects in Polkadot Ecosystem.
The Polkadot Alliance members have expanded to virtually every aspect of...
This collaboration will allow MathChain to support Konomi with the Parachain slot auction, crowd loan, and wallet integration, enabling significant changes in Konomi’s system.
MathChain...
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced today that Moonriver, its community-led sister network on Kusama, has completed the initial step of its...
Through this collaboration, 1inch will aggregate all the existing trading pairs on ConvX and all the assets that will be listed in the future.
This move will bring additional liquidity to...
NFT Marketplace will enable developers and operators to build an NFT Marketplace for NFT Collectibles.
With bepro-js users can easily create NFT collectibles in gaming and esports...
This collaboration will bring more progress and development in both ecosystem. Support of NGC will help CoreStarter to achieve its vision.
NGC Ventures is one of the largest institutional...