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).
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...
PolkaFoundry is a one-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems by leveraging the Polkadot multi-chain blockchain. It’s optimized to tackle various...
PolkaPets is an NFT Collectible Card Game Universe where each PolkaPet, embodied as an artistic creature, represents a specific project within the PolkaPet ecosystem. The abilities,...
Energy Web (EW) is a global nonprofit organization accelerating a low-carbon, customer-centric electricity system by unleashing the potential of open-source, decentralized technologies. EW...
Polkadot $DOT launching on Coinbase on June 16th Trading will begin at June 16th, at 9am Pacific Time (PT) Trading pair: $DOT-USD, $DOT-BTC, $DOT-EUR, $DOT-GBP, and $DOT-USDT Polkadot aims...
PolkaRare has Partners with ArkaneNetwork for Using its APIs for NFT Creation. Through this collaboration PolkaRare will use Arkane APIs for Non-fungible token creation. Arkane is a...
Dfyn has appointed Pinknode to be its key node provider for network access to the Polkadot blockchain by utilising Pinknode’s secure and reliable API endpoints to fulfil its...
PolkaSmith Crowdloan Guidelines PolkaSmith is the canary network of PolkaFoundry on Kusama, and PKS is PolkaSmith’s native token. Participants who support us to win the Kusama auction will...
Ares is an on-chain-verified oracle protocol that provides secure and reliable data services for the Polkadot DeFi ecosystem. About Ares Protocol Ares is a decentralized hybrid oracle that...
Keysians financializes infrastructural assets for maximizing efficiency of consensus and boosting onchain application usage. Keysians builds a financial channel to turn onchain assets into...
DragonBite Partnered With Kylin Network The Aim of this Partnership: Kylin Network and DragonBite will co-innovate on novel use case parameters above and beyond price-feeding — e.g. api...
Kucoin Joins the Polkastarter Council to further hone the selection process and quality of IDO participants. Polkastarter will working together with KuCoin to curate and nurture future...
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Market Stats:
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ETH Dominance: 17.47%(+0.09%/24h)
Defi Market Cap: $82.75B(+7.98%/24h)
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ETH Market Cap: $400.64B
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Defi Dominance: 3.44%
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