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).
Darwinia 1243 Runtime Upgrade
Darwinia Runtime 1243 Upgrade is now live. Remove all Ethereum 1-related pallets. Transfer Ethereum backing assets to Helix DAO multi-sig...
New HRMP Channels Have Opened Between Interlay and Astar Network
Allowing Native Movement of the ASTR, INTR, and interBTC Tokens Between Chains.
With the Polkadot ecosystem of parachains and...
Bridge Mutual Partners with QuickSwap to Protect Assets
Bridge Mutual partners with Quickswap, a layer 2 decentralized exchange and automated market maker (AMM) built on the Polygon network....
Bitbank, discussions on the approach to support the development of the Astar Network ecosystem.
Bitbank Discussions With Astar Network. They will discuss the following initiatives to support...
Rethinking web3 wallet onboarding The Polkadot ecosystem has been widely criticize for providing a poor user experience and being unnecessarily complicate. Many existing tools have been...
Ruby Strategic Partnership With TeaDAO Ruby strategic partner with TeaDAO. It is the first Decentralized Metaverse Reserve Currency for GameFi, offering instant liquidity for NFTs through...
Polkadot-Native USDT Now Available on Moonbeam
Moonbeam has announce the availability of Tether USDT now on Moonbeam, an integration that was finalize on September 23rd, 2022. The connection...
Insurance Cover for StellaSwap Now Available on InsurAce, Strengthening Security for Users
StellaSwap partnership with InsurAce, a leading decentralized multi-chain insurance protocol that...
Welcome to Pendulum
Pioneering the internet of fiat. Pendulum An Open-Source Substrate-Based Blockchain will offer composable fiat services to fintech companies and build the future of forex...
SubWallet Receives Polkadot Treasury for Milestone #1 & #2
SubWallet has received Polkadot Treasury for building a user-friendly Web3 Multiverse Gateway for Polkadot and Kusama...
SiO2 Finance has officially integrated DIA’s transparent price feed oracles
Dia partnership with SiO2 Finance to provide the DeFi protocol on Astar with a customizable and transparent...
Ruby Strategic Partnership With NFT3 Ruby strategic partnership with NFT3, the first unified decentralized identity and credit network for Web3 and your portal to the Metaverse.
They...
Bifrost and Coinbase Cloud enter into a strategic collaboration
Bifrost strategic collaboration with Coinbase Cloud, a decentralized infrastructure provider. Coinbase Cloud will support us...
Ruby Strategic Partners With Vinci Protocol Ruby strategic partners Vinci Protocol an NFT-backed DeFi protocol designed to boost Liquidity with a lending platform and simultaneously hedge...
StellaSwap Rebuilding Strategy: A Framework for Evaluating Bridges on Moonbeam
The StellaSwap Rebuilding Strategy. It has been a tough journey for StellaSwap and the overall ecosystem in...
Announcing Polkassembly’s Integration with Gear, a Substrate-based WASM Smart Contract Platform
Polkassembly Integration With Gear Protocol. The Polkassembly is a governance explorer and...
StellaSwap Partners With Talisman for DotSama’s Paraverse Native Wallet
Stellaswap partners with Talisman, one of the top native wallets for the Polkadot and Kusama (DotSama) ecosystem...
Moonbeam Expands Cross-Chain Capabilities with New LayerZero Deployment
Moonbeam has extended its interoperability capabilities through the addition of LayerZero. With LayerZero, developers...