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).
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...
Polkadot Announced The second event from the Encode Polkadot Club series, a long-term educational programme in partnership with encodeCLUB to be held on July 15, at 6:30pm CET
Introducing...
KILT Protocol have decided to shift from a Nominated Proof of Stake (NPos) network to Limited Delegated Proof of Stake (LDPos), in order to adopt a mechanism that better supports KILT in the...
Bifrost’s leading reward plan adjusted, becoming Asgard Hero and winning thousands of BNC rewards.
Kusama’s 4th Parachain slot auction has entered the final sprint stage. The Ending...
Focusing on:
Dynamic Token Sales: This new feature will give IDO projects more flexibility and enable them to update parameters such as token release date/time and wallet...
PolkaCipher IDO to be held on TrustPad On July 20, 2021.
Token Sale Details:
IDO Date: 20th July 2021
Public sale token price:$0.017
The maximum amount to be raised: $153,000
Initial market...
Shiden secured the slot with a total of 137,020 KSM tokens bonded – worth nearly $29 million at current prices.
Parachain auctions allow projects to compete for one of Kusama’s 100...
OnFinality announced the recipient of the Compound Grants Program and now fully supports Compound Gateway.
The Compound Grant Program is designed to provide grants to ideas and projects that...
PolkaFoundry RedKite Introduces Version 2, with redesigned and improved UI/UX.
1. Improve UI/UX It is now easier for users to keep track of all necessary information thanks to the...
Users can buy, sell, spend, and cam earn upto 3.5% in interest on their $DOT holding.
This will allow CoinZoom Visa card holders can spend Polkadot at over 53 million merchants...
Edgeware has outlined their Kusama parachain strategy, replacing Hedgeware with a community led project called Kabocha ( $KAB) – a reference to Kusama’s favourite japanese gourd...
OAK team has completed the 2nd milestone and submitted for review a Quadratic Funding pallet for Polkadot.
The goal of the grant is to implement Quadratic Funding, a common short name for...
BEPRO Network has announced Dotmoovs has leveraged BEPRO Network’s Codebase for its token distribution smart contract.
By using bepro-js, Dotmoovs was able to automate its token...