Tag Archives: polkadot

Polkadot is the only protocol that fits the bill of a blockchain project providing enhanced scalability, speed, security, and utilization, said Peter Mauric – the head of public affairs at Parity Technologies. In an interview with CryptoPotato, Mauric outlined Polkadot’s advantages over Ethereum and spoke about the project’s parachains. Polkadot Over Ethereum Ever since the official launch of the network in 2020 – three years after the ICO – Polkadot, the sharded...

Polkadot has now clocked up a year of live mainnet operations, but this summer will mark one of the most significant milestones on its roadmap to date. The Polkadot parachain slot auctions will mark the first time that projects will be able to connect to Polkadot’s central Relay chain, completing its journey to a live mainnet hosting chains that support decentralized applications. Before that happens, Polkadot will set a precedent for what’s to come as its experimental...

Anthony Di Iorio, a Canadian entrepreneur and the co-founder of leading smart contract platform Ethereum, said that he believes in the potential of Cardano (ADA) and Polkadot (DOT). In an interview with crypto proponent Anthony Pompliano, Di Iorio, who is also the CEO and founder of Canadian blockchain startup Decentral and crypto wallet Jaxx, revealed that he has a diversified investment portfolio featuring several top projects, including Cardano and Polkadot. A Big Fan of...

Just a few days after Polkadot’s canary network, Kusama (KSM) revealed that it will be conducting its Parachain Slot auctions, Acala, the DeFi hub of Polkadot, has raised more than $100 million worth of KSM tokens. According to a press release shared with CryptoPotato, the DeFi project raised this amount from funds sent via over 900 different wallet addresses on the Kraken exchange, in addition to over 7,600 backers on its Karura platform. Acala Looks Set to Win Kusama’s...

Last week, Polkadot’s canary network, Kusama (KSM), conducted an on-chain upgrade on its parachain after a vote was passed, making it the first live and fully functional parachain of the Kusama network processing permissionless transactions. The upgrade also made the project the first fully decentralized, heterogeneously-sharded blockchain.   Kusama is a permissionless network that allows developers to experiment and test dApps and blockchains before deploying them on...

After the first successful parachain on Kusama is demonstrated, Polkadot will transition towards a complete main net launch, allowing for Wood’s dream of a scalable multichain platform to be completed. Testing Methodology The creation of parachains will be groundbreaking, but their viability must be tested thoroughly before deployment. Parachains are fine-tuned chains for specific purposes, and they benefit from a central security model (the Relay Chain), which protects them...

The Polkadot network is on the verge of making some major updates. Yesterday, Parachain auctions and crowdloans were added to Kusama and Westend. Polkadot’s Role in the Blockchain Ecosystem While other blockchains like Ethereum and Solana are marching ahead, Polkadot has promised to provide serious improvements to existing solutions’ scalability and connectivity. Notably, Polkadot offers cross-blockchain transfers, scalable node structures, and the ability to upgrade the...

Reef Finance has announced that its Substrate-based mainnet will see the light of day in May 2021. Called Reef Chain, it promises to “make DeFi easy” by enabling developers to use a highly scalable and fully EVM-compatible network that’s integrated into the Polkadot ecosystem. Reef Chain Coming in May Reef Finance is a cross-chain DeFi operating system allowing traders to access liquidity from centralized and decentralized exchanges through its smart liquidity aggregator and...

The largest stablecoin by market capitalization, Tether (USDT), has announced plans to launch on two more blockchains – Polkadot and Kusama. Tether aims to become the first-ever stablecoin operating on Polkadot, but it will first launch on Kusama due to the availability of parachains. USDT Goes on Polkadot and Kusama Tether Operations Limited is the company behind the most widely-utilized stablecoin – Tether (USDT). With over $40 billion of market capitalization, USDT...

In an attempt to serve as the next generation of DLT, Polkadot has announced plans to establish decentralized and trustless bridges to enhance interoperability among various networks. Parity Technologies is developing the first generic bridge that will enable all Substrate-based chains to connect and communicate with each other.Polkadot’s Decentralized BridgesThe blockchain project behind the sixth-largest cryptocurrency by market cap announced its latest developments in a press release...