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).
Polkadex Orderbook is a non-custodial peer-to-peer trading platform that merges the benefits of both centralized and decentralized exchanges in one product. Thanks to the unique tech...
RealFevr thrilled to announce that the Polkastarter IDO will take place on July 8th!
About RealFevr
RealFevr aims at completely disrupting the NFTs ecosystem by combining breakthrough...
The deadline for Pinknode’s liquidity mining program will be extended from 2 July to 1 August, 3:00 PM UTC
Step-by-Step Guide to Providing Liquidity
1. Go to Pinknode’s PNODE-ETH Pair...
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Both...
Moonbeam has prioritized having the best possible developer experience, particularly for projects that are used to the Ethereum environment.
Waffle is a widely-used library for compiling and...
Kodadot has partners with SubQuery Network
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TribeOne announce the strategic partnership with OpenDeFi, a fintech protocol that enables custody of real-world assets on blockchains and enables developers to build applications on top of...
DAFI Protocol thrilled to announce the latest partnership with Litentry, a cross-chain Decentralized Identity (DID) Aggregator. Both teams will delve into the integration of DAFI’s smart...
Gauntlet has partners with the Acala team to provide automated financial risk management for Acala and Karura.
Gauntlet will build a financial model for Karura with a focus on market risks...
Polkastarter Council is an independent body of leading companies, projects and individuals from the blockchain and cryptocurrency industry. The Council is responsible for selecting IDO...
The funding round led by Hoo Labs, Silicon VC, Activate Venture Partners, B37 Ventures and Win Capital.
All will jointly promote the development of the Jambo Network ecosystem, promote the...
Through this collaboration, Cudos will leverage our data oracles as well as working through aspects of testnet integrations that will support the data feeding parameters that they require...
MathChain Partners with Manta Network to Provide In-wallet Privacy
MathChain will be working with Manta Network to integrate its privacy-preserving layer into Math Wallet and MathChain’s...
Convergence Finance Teams Up With on Pre-IDO KYC Process
Synaps is a leading digital identity management company, will provide KYC service for pre-IDOs on Convergence. Synaps will be...
Kulupu is a proof of work blockchain with on-chain governance and online upgrade.
Kulupu is a self-updating self-governed blockchain system, using proof-of-work as its consensus engine....
Splyt Core Foundation has been accepted into the Polkadot Link Program
Polkadot Link provides an opportunity to learn about, support, and mentor teams building high-impact projects in the...
Bifrost is a cross-chain network which provides liquidity to bonding assets.
It takes advantage from Staking as the early stage to provide liquidity in the form of Staking...