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).
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...
Moonbeam has integrated with myNFT to Bridge Ethereum-based NFTs
Bridges to Moonbeam and Moonriver Allows Use of Ethereum and Polkadot NFTs Interchangeably.
This bridge is the first of its...
Dot Finance has Integrates Chainlink Price Feeds on Binance Smart Chain to Secure it’s DeFi Yield Aggregation Solutions.
Chainlink Price Feeds has unique benefits like:
—...
Polkadot first event from the Encode Polkadot Club series to be held on July 8
Polkadot Announced The very first event from the Encode Polkadot Club series, a long-term educational programme...
Bifrost Finance launched the Parachain Auction Sprint Program, rewards boost up to 250%
As the Kusama Auction 4 is imminent, Bifrost is now in the leading position of the 4th auction...
Litentry has Partners with MathChain to Expand Adoption of DID in DeFi Wallet
Through this cooperation, the two parties will jointly explore more possibilities in the adoption of...
SORA Announced Android 2.1 SORA mainnet beta application released
— Better wallet usability
— Displaying of addresses, blocks, and transaction IDs
SORA network implements a new...
This gives Portfolio Managers within the Enzyme App new opportunities to open up yield farming strategies specifically designed to their needs.
Yearn Vault strategies allow users to provide...
PolkaCover platform is a new-gen insurance marketplace that leads with the vision of providing insurance to millions of underserved customers by disrupting the gaps associated with...
AirGap Wallet
AirGap is a crypto wallet with a two-way approach that can be used both as an offline device as well as a hardware wallet for your old smartphone. AirGap currently supports...
Equilibrium Launched Binance Smart Chain bridges that makes Binance Smart Chain compatible with Polkadot and Kusamanetwork.
The bridge will be integrated into Equilibrium and Genshiro...
OptionRoom is a governed oracle and forecast protocol built on Polkadot. Aim is to create a scalable protocol with multiple use cases: from oracle as a service to limitless event...
Dora Factory is a programmable, multi-chain DAO-as-a-Service open infrastructure on Substrate. Crucial schemes like quadratic voting, bonding curve fundraising, all cool features regrading...