Polkadot News

  • Polkadot 2022 first quarter report: Parachain popularity has declined after auction, but developer activity is high

    This report is an independent report commissioned by Polkadot from blockchain research institute Messari and written by Nicholas Garcia. core point After five years of research and development, the Polkadot parachain is now live.  At the end of Q1 2022, 13 parachains won parachain slots with 127.8 million DOTs bound (11% of total supply; $2.9 billion). Between now and February 2023, 28 more parachain slot auctions are planned (total 41). Polkadot price and user accounts hit record highs at the first parachain slot auction; however, both metrics have steadily declined since then. Polkadot…

    2022-05-07 Polkadot News
  • Encryption first quarter review and market outlook

    Quick Facts: Despite the market downturn, crypto investment remained very active in the first quarter. On the infrastructure side, we see a lot of movement in cross-chain solutions and DAO tools. The new layer-1 is still incubating. DeFi primitives developed on Ethereum are expanding to the newer L1, and Polkadot is accelerating. NFT projects are focused on bringing more utility to the space, and Yuga Labs made a big wave this quarter. The rise of Axie Infinity has attracted many successful traditional game developers to develop games on Web3, and…

    2022-04-25 News
  • Why do you never receive rewards for your staked DOTs?

    Community friends often encounter the problem of not being able to receive staking rewards. Today we have compiled a self-check guide to answer your questions about not receiving staking rewards. Current Polkadot Staking parameters and situation Nominations on Polkadot currently require a minimum stake of 10 DOTs (0.1 KSM on Kusama). Please make sure you are above the minimum requirements or you will not be able to nominate. Note: Not all nominees above 10 DOT will receive staking rewards. The minimum amount required to earn a reward is dynamic and can be found…

    2022-04-12 Polkadot News
  • Parsing Cosmos, Polkadot and Avalanche: Differences in Heterogeneous Blockchain Networks

    With the performance, usability, and energy efficiency of first-generation cryptocurrency networks such as Bitcoin and Ethereum, the vision of an open decentralized network is clouded. In order to solve the current performance problems, Ethereum has launched a new version and corresponding L2 solutions. More importantly, a new generation of blockchain projects, Cosmos, Polkadot, and Avalanche, have been launched successively, and excellent infrastructure has been established. These projects aim to scale horizontally through an asynchronous and heterogeneous network model, where dedicated blockchains for each app can both coexist and interoperate when…

    2022-04-11
  • Messari Research: A Review of the Polkadot Ecosystem

    “The parachain model was created with the belief that the future of Web3 will involve many different types of blockchains working together. Just as the current version of the internet meets different needs, blockchains need to be able to provide a variety of services. Parachains solve this Problems.” – Gavin Wood, founder of Polkadot key takeaways Polkadot’s first 11 parachains are live  The top 11 parachains locked 126 million DOTs over a two-year lease period (11% of total supply; $2.1 billion) Each parachain brings unique capabilities and use cases to the…

    2022-04-03 Polkadot News
  • An overview of the Polkadot ecosystem

    The “parachain” model was created on the belief that the future of Web3 will involve many different types of blockchains working together. Just as the current version of the internet caters to different needs, blockchain needs to be able to provide a variety of services. Parachains solve this problem”. – Gavin Wood, founder of Polkadot core point The first 11 parachains of Polkadot have gone live. The first 11 parachains pledged 126 million DOT (11% of total supply; $2.1 billion) over a two-year lease period. Each parachain brings unique capabilities and use…

    2022-04-01 Polkadot News
  • How to participate in the democratic governance of Polkadot?

    In order to keep its network running well and continuously, Polkadot has created a governance mechanism that meets the needs of itself and users, and uses the characteristics of blockchain technology to achieve professional and effective community governance. In the past distributed protocols, upgrades and adjustments required high management costs and surging workloads. Therefore, a reasonable, efficient and transparent governance mechanism is extremely important. Gavin once said in an interview: Web3 decentralized technology is the only hope to maintain freedom and democracy. Therefore, in the decentralized ecology, what Polkadot pursues is…

    2022-03-24 Polkadot News
  • Understanding Equilibrium in one article

    on March 20, Equilibrium announced that it has won the 12th auction of Polkadot and will join the Polkadot network as the 12th parachain. The project plans to launch spot and lending markets by June. Equilibrium is a decentralized cross-chain money market protocol. Users can: Lending: Lending an asset and earning interest Relief: Provide liquidity to cover potential borrower losses and earn profits from them Borrowing: borrowing assets for trading, leverage, hedging, etc. using collateral and paying interest Trading: Swap Crypto Assets and Trade on Margin Equilibrium will be a Polkadot parachain…

    Polkadot News 2022-03-22
  • NFTs 2.0: NFTs on Polkadot and Kusama

    This article is a general overview of NFT, and various NFT methods in Polkadot. Homogenization NFT means non-fungible token. Homogenization means that the internal elements of a set of things are interchangeable.In theory, a $20 bill is always worth $20 in a store and is worth the same as any other $20 bill. However, it is not interchangeable with a $1 or $100 bill. A “Fire-breathing Dragon” Pokémon card and a “Jenny Turtle” card are not interchangeable, but “Fire-breathing” cards are interchangeable. Homogenization is a range – what is homogenous…

    2022-03-21 Metaverse & NFT News
  • Understanding Nodle in one article

    Evening of March 10, Beijing time, according to Polkadot official news, the 11th parachain slot auction on the Polkadot network has ended. Nodle wins Polkadot’s 11th parachain slot with 2,475,500 DOT locked. What kind of project is Nodle? In this article, we organize the Nodle data as follows: Nodle is a decentralized IoT network built on the Polkadot ecosystem, using a Bluetooth low energy interface to connect millions of IoT devices and bring data mobility. Nodle is not limited by proprietary hardware devices or complex blockchain architectures and can run on…

    Polkadot News 2022-03-11
  • Gavin Wood: There may be more than 100 Polkadot parachains and a third relay chain may appear in the ecosystem

    Recently, Polkadot founder Gavin Wood was a guest on The Defiant podcast and chatted with host Camila about some very interesting topics, including: Both are shards, what is the difference between Polkadot and Ethereum 2.0? How many parachains can Polkadot host at most? Where do the restrictions come from? How does the value of DOT relate to the success of parachains? Will there be other relay chains in the Polkadot ecosystem besides Polkadot and Kusama? How does Polkadot give freedom to developers and users? Is “Bridge” the Ultimate Solution to Connecting…

    Polkadot News 2022-03-11
  • What explorations are the Polkadot ecological projects doing after the Polkadot slot auction?

    background It has been almost 4 months since Polkadot’s first slot auction, and at the end of last month, the Polkadot Council passed a resolution of Motion 158, arranging the parachain auction time for the rest of the year. This means that in the next 12 months, that is, 4 LPs, with 7 auctions per LP, the top two winners in a batch can join the Polkadot network immediately, and the next five winners can join the Polkadot network immediately. The Polkadot relay chain will be connected to the next…

    2022-03-07 Polkadot News
  • Who is Interlay who just won the slot auction?

    At 9:44 p.m. yesterday, the candle period for the 10th parachain slot auction on the Polkadot network ended. Interlay won Polkadot’s 10th parachain slot auction at 23:35 on February 24 with 2,751,900 DOT locked. What kind of network is Interlay? The main function of Interlay is to allow users to invest, earn and pay with BTC on any blockchain. Users can mint interBTC on Interlay for use on various networks. interBTC is Interlay’s flagship product that brings Bitcoin to any blockchain. It is a fully-collateralized, interoperable and censorship-resistant asset 1:1 by Bitcoin. interBTC…

    Polkadot News 2022-02-25
  • Is another cross-chain project Wormhole stolen and cross-chain really a false proposition?

    On February 3rd, just as we were celebrating the New Year, the Crypto industry suffered another sky-high hacking incident. The cross-chain protocol Wormhole was hacked and the loss was as high as 120,000 wETH (about 320 million US dollars). After the largest theft in DeFi history, it is the second largest incident of theft. Coincidentally, the largest and second largest theft cases in the history of DeFi happened on cross-chain projects, which made everyone worry about whether cross-chain is necessary, or, for security, there should be no Cross-chain. Such worries can easily remind…

    News 2022-02-17
  • How Polkadot Parachain Auctions Bring Possibilities to Decentralized Web 3

    Commentary: Polkadot’s parachain auction is destined to succeed, and by connecting different blockchains together, will ensure the realization of a decentralized Web 3. When Gavin Wood co-founded Ethereum, he said it would “allow people to interact in mutually beneficial ways without requiring mutual trust.” In theory, such a platform would pave the way for Web 3, characterized by a decentralized or distributed network architecture that would lay the foundation for a truly open Internet. We don’t have to blindly entrust our data to monopolies or get their permission to participate. However, since…

    Polkadot News 2022-02-14
  • Gavin Wood: How Polkadot is helping us move towards Web 3

    “Web 3” is not just a buzzword, it is an important step in the evolution of the Internet. Ethereum co-founder and Polkadot founder Gavin Wood recently appeared on the Coindesk Podcast to discuss Polkadot and Web 3 with hosts Michael J. Casey and Sheila Warren. In this show, Gavin begins by reviewing the thinking behind the founding of Polkadot and expounding on its innovations in decentralization, interoperability, and efficiency. He then explained how Polkadot’s experiments will help us move faster to Web3.  Gavin believes that the transition from Web 2 to Web 3…

    Polkadot News 2022-02-11
  • Why am I optimistic about Polkadot?

    Some crap: I have been holding DOT since the private placement in 2019. I have experienced the ups and downs of 312, 519, 1204, etc., and have also seen the thinking and doubts of various KOLs and investors. From holding it up to now, I have been thinking constantly, is cross-chain necessary? If necessary, why Polkadot and not another project? And, have you developed path dependence and fell into the comfort zone brought by low-cost DOT without knowing it? Have you made excuses to rationalize Polkadot and ignored certain issues? At the same…

    Polkadot News 2022-02-08
  • The easily overlooked BEEFY can also have a huge impact on Polkadot

    “Polkadot Knowledge Graph” is our entry-level article for Polkadot from zero to one. We try to start from the most basic part of Polkadot to provide you with a comprehensive understanding of Polkadot. Of course, this is a huge Engineering is also full of challenges. However, we hope that through such efforts, everyone can understand Polkadot correctly, and people who do not know Polkadot can easily and quickly grasp the relevant knowledge of Polkadot. Today is the 23rd issue of this column. Learn about the BEEFY consensus that few people…

    News 2022-02-04
  • What role can Polkadot play when the boom of Web3 hits?

    background In addition to the Metaverse, the most popular word in 2021 is Web3, which has especially attracted the attention and discussion of many well-known Silicon Valley people.For example, Jack Dorsey, who just stepped down as CEO of Twitter, Elon Musk, the world’s richest man, Marc Andreessen, one of the founders of top venture capital firm A16Z, etc., just before Christmas last year, these top tech circles had a heated discussion on Twitter around Web3. Twitter founder Jack Dorsey said that Web3 was just a virtual concept for hype, and…

    2022-01-27
  • The Operation Principle of Polkadot Relay Chain

    The future of Polkadot is a huge heterogeneous sharding architecture. in this huge structure. The relay chain is the central chain of Polkadot. All validators of Polkadot’s DOT are staked on the relay chain and verified for the relay chain. There are relatively few transaction types on the relay chain: governance mechanism interactions, parachain auctions, NPoS. The relay chain does not support smart contracts. The main responsibility is to coordinate the entire system and parachains. Other specific work is delegated to parachains with different functions. Polkadot can support multiple execution slots. These sockets are like the cores on…

    Polkadot News 2022-01-26