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).
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...
Uno Re plans to leverage the widely used Chainlink Price Feeds across Binance Smart Chain (BSC) and Polkadot to price policies, risks, and/or payouts in various crypto and fiat...
This collaboration is to build a secure decentralized economy where users may acquire loans using NFTs and crypto-assets as collateral while maintaining the highest level of security. Users...
Yellow Road has partners with DeFiCliq to Expand Use Cases
Through this collaboration, Yellow Road will offer all projects that conduct their IDO on Yellow Road the opportunity to integrate...
Kylin Network introduces it news new development direction “DDMO – DeData market Offering”.
The DDM itself will be represented as a single NFT, a ‘DDM NFT’ from which all...
AdEx has partnered with Enzyme Finance
This collaboration will work on to achieve shared goals and make decentralized finance more accessible while promoting our ad network.
AdEx will...
Akropolis is a provider of decentralized finance products with an emphasis on asset yield generation. Our mission is to give users (both new and crypto-native) the tools to save, grow and...
Clover is a Substrate-based Polkadot parachain. Clover is committed to providing easy-to-use blockchain infrastructure and creating a one-stop comprehensive infrastructure platform, which...
MathChain is a SmartWallet AppChain based on Substrate for massive adoption, go-to-market and inclusive blockchain applications.
Governance
MathChain has an on-chain democracy system. Users...
Jambo Labs has announced Partnership with MXC
This collaboration will explore seamless compatibility and interoperability of chains constructed with the Substrate framework to achieve...
Celer Network is a layer-2 scaling platform that brings fast, secure and low-cost blockchain applications on Ethereum, Polkadot and other blockchains to mass adoption. Celer launched the...
AdEx Protocol
AdEx is an open, trust-minimized protocol & stack for digital advertising that reduces ad fraud, malvertising and protects user privacy. It originated in 2017 as a...
Jambo Network has partnered with Crust Network to develop decentralized storage network
This collaboration will jointly explore decentralized storage technology for the Web3.0 ecosystem and...