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).
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...
To facilitate cooperation and knowledge exchange between the BMI and LUNA communities, the Bridge Mutual team will participate in an AMA hosted by Terra Money to explain the potential of...
Oraichain Has Partners With Plasm Network To Integrate key products, data and services.
Through This collaboration, Plasm Network will bring AI data in our ecosystem for developers to use on...
Polkaverse leverages Subsocial’s decentralized social networking protocol to launch an exclusive hub for all users who love Polkadot and Kusama.
Polkaverse is currently available as a...
ReefDefi has partners with Shield Protocol to allow users to save their 2FA credentials on Reef Chain
The partnership between Reef Finance and Shield Protocol will bring the first 2FA...
The both team will jointly promote the healthy development of the Jambo Network ecosystem.
Activate Venture Partners focuses on high-growth technology companies with abundant resources and...
This collaboration will offer a 40% APY to DGCL holders who stake on the decentralized platform.
Users can stake their $DGCL on the platform here:
https://deficliq.com/digicol-staking
About...
The Polkastarter Council is an independent arbiter body that is crucial to the functioning and development of the Polkastarter ecosystem. Composed of both business entities and individuals,...
Polkamarkets has Partners with Kleros for Crowdsourced Event Resolution
Polkamarket will use technology for verification of market validity, whereby malformed/subjective prediction markets...
Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The...
Karura is the all-in-one DeFi hub of Kusama.
Karura’s all-in-one DeFi platform to help you swap, borrow, lend, earn, and more – all with micro gas fees.
Founded by the Acala Foundation,...
With this partnership DFYN would be able to add liquidity in the platform in the form of the UFARM/DFYN pair.
Apart from this users can also provide liquidity to UFARM/DFYN pairs on DFYN...
Polkaswap is a non-custodial, cross-chain AMM DEX protocol for swapping tokens based on Polkadot and Kusama relay chains, Polkadot and Kusama parachains, and blockchains directly connected...