Polkadot News

  • An article comparing the vision and current state of Cosmos and Polkadot

    Both Polkadot and Cosmos are considered third-generation blockchains with a similar approach to horizontal scaling, while Ethereum and Solana tend to scale vertically. This article will compare Cosmos and Polkadot from the vision and current state of the ecosystem. While the uninformed might see the two ecosystems as twins, they actually have some major differences in design that make the results very different. The core architecture of Cosmos prioritizes the maximum sovereignty of the application chain, and deliberately reduces the importance of the main chain Cosmos Hub. Allowing multiple hubs to…

    2022-08-03 Polkadot News
  • Why are parachains the future? The advantages and status quo of Polkadot parachains

    Parachains are advanced next-generation Layer 1 blockchains that go beyond the limitations of traditional blockchains. Polkadot ecology is a diverse ecosystem composed of multiple professional and interconnected parallel chains. It is composed of independent platforms, communities and economies, subverting the previous network connection method. This article will introduce the difference between parachains and traditional blockchains, the various forms of parachains, and the development status of parachain ecology. What is a parachain In the “Dotsama” ecosystem, Polkadot and Kusama are “relay chains”, and multiple “parachains” running in parallel are connected to the…

    Polkadot News 2022-07-29
  • Interpretation by the founder of Messari: Which projects are bright in the second quarter

    Messari is currently producing a quarterly report for the top 25 cryptocurrencies by market capitalization. The first 15 reports in Q2 have some interesting content, which Messari founder Ryan Selkis showed you. 1. Although the collapse of market value and TVL has affected the market, Solana’s developer activity has developed steadily, and the volume of NFT has surged. 2. Polkadot user accounts and transactions were weak in Q2 after a sharp correction in Q4. It’s good to see the bottom of the L0/1 ecosystem. 3. The number of Tezos transactions and…

    2022-07-27 News
  • Interpretation of Polkadot’s next-generation decentralized governance system Gov2

    The first version of Polkadot’s decentralized governance system was very interesting at the time: a tricameral structure; a technical committee to manage the upgrade schedule; a voted, elected executive “government” to manage parameters, admins, and spending proposals; A universal voting system governs everything else, rewarding long-term stakeholders with increased influence. Loosely based on parliamentary democracy, the system worked well for the first 2-3 years of launch, helping to ensure proper use of treasury funds, maintaining rapid upgrades, and deploying more critical fixes in a timely manner. However, it also has its drawbacks….

    2022-07-26
  • Gavin Wood: What changes will Polkadot governance v2 bring? (superior)

    Since Polkadot started democratic governance in July 2020, the first version of Polkadot’s on-chain governance system has been running smoothly for nearly two years. At some recent meetings, Gavin has repeatedly mentioned that the second version of Polkadot’s governance system is under preparation, and revealed that the new governance system will be more decentralized, and there may be no council (the first version of governance). the most powerful organization in the system). At the recent Polkadot Decoded conference in Buenos Aires, Polkadot founder Gavin Wood delivered a speech on Polkadot governance v2,…

    Polkadot News 2022-07-08
  • Another prospect of the best public chain Polkadot ecological development for DApp development

    background A few weeks ago, because of a well-known media article “The First Pair of “Virtual Shoes for 3 Million People”, StepN became popular in the domestic Internet circle, and even attracted a well-known media V teacher Liu Run to write an article, it can be said that As another application of Web3, StepN successfully completed the task of getting out of the circle. But if you are a practitioner of Web3, you may already know the story later. StepN has not become a product that can continue to bring…

    2022-06-20 Polkadot News
  • Jump Crypto: Explain the characteristics, advantages and disadvantages of five multi-chain architectures such as Cosmos and Avalanche in detail

    Overview Scalability has long been a topic of extensive discussion in this field. Discussions around monolithic versus modular blockchains, horizontal versus vertical scaling, have long been the focus of community communication. A popular idea has arisen as a result of this – the establishment of specialized execution environments or even finality (i.e., finality, which refers to the state where transactions on the blockchain reach a confirmed transaction state) tool for a specific application or use case. This idea specifically refers to the separation and optimization of consensus and computation based on the…

    News 2022-06-03
  • Messari: Polkadot Q1 2022 Community Report

    After five years of development, the Polkadot parachain is already in use.  At the end of Q1 2022, 13 parachains had 127.8 million DOT staked (11% of total supply, worth $2.9 billion). A further 28 parachain slot auctions are planned for February 2023 (taking the total to 41). Polkadot prices and user accounts hit all-time highs around the time of the first parachain slot auction; however, both metrics have steadily declined since then. Polkadot has a uniformly distributed validator set, with 99% of validators having 1.8-2.6 million DOTs. Polkadot developers still hold the most…

    2022-05-17 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