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).
Astar Network is a multi-chain dApp hub on Polkadot that supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions.
Astar is designed to have all the necessary features to become...
Acuity is a blockchain-based content platform and an alternative to the World Wide Web, in development since 2015. It is built with Polkadot and IPFS. It is currently being migrated from...
Encode Polkadot Club is a long-term programme, funded by the Polkadot Network on-chain treasury, to educate students worldwide about all things Polkadot.
The purpose of our Polkadot Educate...
Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers...
Automata Network Integrates with Moonbeam to Bring Private, Off-chain Governance to the Polkadot Ecosystem
This integration with Witness serves to provide Moonbeam dApp developers additional...
SORA is both a new economic system that decentralizes the concept of a central bank as well as a network in the Polkadot ecosystem that will connect to the Polkadot relay chain and the...
Which will accelerate the implementation of the Jambo Network ecosystem. B37 Ventures focuses on investment in early-stage potential technology start-up projects, which will bring rich...
Altair is built using Substrate, and will have nearly the same codebase as Centrifuge Chain (just like Kusama is to Polkadot!). It is an experimental network for users who want to test the...
BinStarter Will Integrate Chainlink VRF to Secure Evaluation Pool and Allocation Lottery
Through this integration BinStarter will have access to a tamper-proof and auditable source of...
PolkaInsure is a decentralized P2P insurance marketplace run entirely by DeFi users in the Polkadot Ecosystem. Being an insurance aggregator, they aim to run a user-centric marketplace;...
Subscan is a blockchain explorer built for Substrate-based networks. Subscan supports Polkadot, Kusama, Kulupu, Darwinia, Edgeware, Centrifuge and now KILT Protocol, as well as other...
Phala will provide privacy infrastructure services to Bit.Country’s Metaverse, allowing the addition of privacy features to Metaverse, Virtual worlds, NFTs, and secret messages.
About...
Unmarshal has partnered with TribeOne to Augment NFT based Lending and Borrowing.
Unmarshal will help TribeOne in building the true Peer-to-Peer, frictionless DeFi platform.
Unmarshal will...
Glitch collaborated with Darwinia Network to bring their interoperable cross-chain bridge technology to the GLITCH protocol.
Glitch will help facilitate efficient multi-chain circulation of...
Edgeware is an: -On-chain Governed, -Nominated Proof-of-Stake (PoS) Blockchain -Smart Contract Platform -with a WASM (WebAssembly) Runtime through Parity Substrate. -And the ability...
Paralink Network offers a multi-chain oracle platform for DeFi and other blockchain applications. Applications that require the highest degree of security can use Paralink’s on-chain...
Apron Network is a decentralized platform for dApp users, dApp developers, and operators to provide infrastructure service. It is built on Substrate and it can operate as a parachain on...
Subscan is the most convenient and easy-to-use multi-chain block explorer for Substrate & Polkadot.
Subscan Essentials is a high-precision blockchain explorer scaffold project. It...