Polkadot News

  • Interpretation of Polkadot’s 10 major misunderstandings: inflation is too high, cross-chain is pseudo demand, economic model is not good enough

    background In 2016, after Gavin Wood left Ethereum, he wrote the Polkadot white paper. After a long period of research and development and exploration, the cross-chain project Polkadot finally ushered in its historic moment. In November 2020, Polkadot’s parachain officially opened the auction. The successful launch of the first round of 5 parachains means that With Polkadot completing the start-up phase. After five years, Polkadot finally confirmed the vision outlined in the 2016 white paper. Unlike the large-scale Ethereum, Polkadot’s development process is relatively slow, and there are indeed many users and…

    Polkadot News 2022-01-13
  • 2021 Polkadot Ecological Development Annual Summary: Pengfei Wanli

    background The time has come to the beginning of the new year again, and the past 2021 has left a deep impression on us. The new crown epidemic is still spreading around the world, and even the number of people who spread it has not decreased but has become more and more serious because of the arrival of winter.Therefore, 2021 is still a difficult year for any industry. We had hoped that 2020 would be better in 2020, but obviously we underestimated the ability of the virus and had to…

    2022-01-07 Polkadot News
  • Tendermint CEO: How does the Cosmos ecosystem connect to the multi-chain world?

    Cosmos, which aspires to be the “blockchain internet”, has experienced tremendous growth in 2021, with more than 260 blockchain projects. Well-known projects such as Binance Smartchain, Terra and Crypto com all use the Cosmos SDK software development kit Constructed. According to the data, the Cosmos ecosystem already has more than 170 billion U.S. dollars in funds. Cosmos is an ecosystem composed of interoperable but autonomous blockchains. With the introduction of the inter-chain communication protocol IBC, Cosmos underwent a major upgrade in March. The IBC protocol allows independent blockchains to be connected to…

    News 2022-01-07
  • Gavin Wood, the founder of Polkadot, predicted in 2014: What the world of Web3.0 should look like

    Note: This article was originally published on Gavin Wood’s blog “Insights into a Modern World” on April 17, 2014. At that time, Gavin was still serving as the co-founder and CTO of Ethereum, and he had not founded Polkadot. In this blog, Gavin fully explained what the Web3.0 era should look like in his mind, and the four components that make up Web3.0. As we step into the future, we find that a zero-trust interactive system is increasingly needed. Even before Snowden, we had realized that trusting our information to any…

    Polkadot News 2022-01-06
  • Handwritten by Gavin: Polkadot’s achievements in 2021

    The holiday is here again, and as the New Year approaches, let us quickly review the achievements of the Polkadot project in 2021 . Looking at it now, it seems to be a tradition to start by looking at the amount of code of Polkadot’s core technology . The Polkadot ecosystem is developing rapidly, and the core of Polkadot is certainly not bad. The Substrate repository that supports Polkadot and Kusama relay chains and every parachain in the ecosystem only takes up 500,000 lines of code. Adding to the size of the Polkadot, Cumulus, and Smoldot code bases, our line count has…

    Polkadot News 2022-01-05
  • What liquidity solutions does Polkadot Eco have?

    Polkadot solves the problem of expansion through the relay chain + parachain method, what about the liquidity problem? This article will explain to you the liquidity problems faced by Polkadot and current solutions. When the industry focus shifted from the past Bitcoin expansion problem to the Ethereum expansion problem, the Polkadot ecology is still undergoing positive changes, and the parachains of Kusama and Polkadot have begun to operate steadily, no matter what the solution is, In fact, they are all solving the problems of increasing encryption demand and inefficient underlying…

    2021-12-23 Polkadot News
  • Advantages of Parachain: Explore Polkadot’s next-generation blockchain model

    The Polkadot community is eagerly looking forward to the launch of the first batch of 5 parachains on December 18. We have carefully studied the parachain model and the value that this game-changing multi-chain technology brings to Web3. What is Parachain Polkadot’s heterogeneous multi-chain model was first proposed in 2016. It allows independent blockchains in various scenarios to work together under a unified security “Umbrella”. Parachain is the next-generation Layer1 blockchain. It is the backbone of the Polkadot network and a free alliance to create a sovereign chain. Polkadot is…

    2021-12-17
  • The first round of Polkadot’s slot auction ends. What role will 5 parachains play?

    background When we once again focused on the Polkadot parachains, it indicated that the first round of parachains auctions had ended. In the early hours of this morning, we successfully gathered 5 parachains and prepared to “call” the parachains to be officially launched. We have waited for too long at this moment, and Polkadot has been looking forward to it for a long time. Up to now, the first batch of parachains have been on the stage of history. They are Acala, Moonbeam, Astar, Parallel and Clover. Although there are…

    2021-12-17 Polkadot News
  • Five aspects to look at the current status of Web3 infrastructure

    In 2014, Polkadot founder Gavin Wood created the term “Web 3.0” (hereinafter abbreviated as Web3), and in a series of articles “complained” the Internet economic model in the Web2 era, such as “The Internet is like a giant baby , They are aging before they grow up”, “Internet giants may not have malicious in themselves, but at the same time they have no kindness and principles. They use our loyalty to make money, but cut off contact when it is inconvenient for them.” Seven years ago, these remarks may seem…

    Polkadot News 2021-12-09
  • How can parachains scale to millions of transactions per second? How does cross-chain interoperability affect the industry ecology?

    This article is compiled from the AMA on Reddit by the person in charge of technical education of the Web3 Foundation. 1. In terms of Polkadot development, what will excite you in the next 4 years? How do you think the introduction of parachain will affect the cryptocurrency ecology? Bill: What I am most excited about are those things that I don’t know yet, that is, what new paradigms can be created through simple cross-chain interaction? I first heard of Bitcoin in 2011 and entered the industry in 2012. If you try to explain flash swaps, MEVs,…

    Polkadot News 2021-12-07
  • Astar Network wins Polkadot’s third Parachain slot

    December 3, the Parachain Astar Network has successfully won the third Parachain slot of Polkadot. Astar Network is a multi-chain dApp hub on Polkadot, supporting Ethereum Virtual Machine, WebAssembly and Layer 2. Astar aims to become Polkadot’s smart contract platform, so it needs to meet the needs of smart contract development and deployment in a variety of ways. X-VM is a particularly distinctive product capability of Astar Network technology. In the blockchain field, it is generally believed that the WebAssembly virtual machine is the future of smart contracts, but most of the…

    Polkadot News 2021-12-03
  • How far are we from the outbreak of Polkadot’s ecological application and how should we break the situation?

    About a week ago, Kusama’s 15th Parachain Slot Auction ended, which means that Kusama’s third batch of Slots’ 4 auctions have all ended, and the fourth batch of Slots has also been opened. It’s been up to 5 months. After the auction, Kusama has entered a relatively stable auction rhythm, and projects connected to the relay chain have also been running steadily. It can be said that the auction and access in the past few months have verified the effectiveness of the parachain. Therefore, when we look back at the…

    2021-12-02 Polkadot News
  • Gavin’s latest interview: Web3 decentralized technology is the only hope for maintaining freedom and democracy

    Gavin Wood coined the term Web3 in 2014. He believes that decentralized technology is the only hope for maintaining freedom and democracy. Have you ever questioned “What is Web3.0?”. This view has been around for some time, whether you are through venture capital, media interpretation, or some incomprehensible company interpretation. But it’s hard to say what all the hype is about. For believers, Web3 represents the next stage of the Internet, and perhaps the next stage of social organization. The thing is, Web 1.0 is the era of decentralization and open protocols. In this…

    Polkadot News 2021-11-30
  • Gavin Wood: How to face critics of blockchain technology?

    “After a few years of Ethereum, it is obvious that something is missing.” Wood said in an interview in Unfinished Live. Five years after the launch of Ethereum, Gavin Wood still firmly believes that blockchain technology has the power to change the world. “Blockchain is one of very, very few decentralized technologies, and I really can’t name more technologies.” He said in a conversation with reporter Manoush Zomorodi in Unfinished Live. But he admitted that he didn’t do it right the first time. “After several years of Ethereum, it is obvious that…

    Polkadot News 2021-11-24
  • The new Polkadot ecological track that is different from the parachain: distributed blockchain network application

    background Since the “Double Eleven”, Polkadot has opened a highly anticipated slot auction, especially the first slot competition is quite fierce. There has been a situation where you are catching up, and the top items have increased in the slots. With the investment in the auction, the number of locked positions for some projects also exceeded tens of millions of DOT. Of course, we can intuitively see that the projects currently participating in the slot auction represent different functions. Some provide financial functions, some focus on privacy, or serve as…

    Polkadot News 2021-11-19
  • Gavin Wood: Polkadot completed the first Auction, heralding the escape from the “economic slavery” of Ethereum

    Polkadot founder (and Ethereum co-founder) Gavin Wood stated that Ethereum is actually closer to Bitcoin than many of its advocates admit. For Gavin Wood, the founder of Polkadot, the completion of the first Polkadot Parachain auction heralds the freedom from the constraints of the Ethereum smart contract economy and usher in new freedom. Wood is the co-founder of Ethereum and helped develop the smart contract programming language Solidity. He said that Polkadot’s parachain (as its literal meaning, means a parallel chain) economic lease holding model , it is precisely that…

    Polkadot News 2021-11-19
  • Acala took the first slot and successfully connected to the Polkadot network and won the first parachain slot auction

    On the afternoon of November 18th, the candle period for Polkadot’s 11th auction ended! Acala successfully won the first slot of Polkadot by locking 32.5 million DOTs! Connect to the Polkadot relay chain and generate blocks in a parallel chain! The launch of Parachain on Kusama is the culmination of a multi-stage process that began with the launch of Kusama Chain Candidate 1 in August 2019. In preparation for the first parachain slot auction on Kusama, several teams have deployed parachains for testing and optimization on the Rococo and Westend testnets. This critical stage…

    Polkadot News 2021-11-18
  • The Polkadot ecology is undergoing a paradigm shift

    This article is written on the 1st anniversary of PAKA, and aims to review the major updates of the Polkadot ecosystem in the past year and output PAKA’s insights on investment logic. We believe that in the past two years, Polkadot has achieved an early stage of success: it has achieved the occupation of the basic protocol in the Layer0/1 market; successfully verified the establishment of the DOT and KSM card slot economic model; what is surprising is that As an experimental network, Kusama’s success far exceeds the imagination of all early ecological participants. For…

    2021-11-16 Polkadot News
  • Polkadot’s first round of bidding for the slot auction: what are the new faces

    The first round of Polkadot ‘s slot auction is underway. The entire Polkadot ecology has now accumulated nearly 500 projects (some early projects have been disbanded), but only 12 projects participated in this round of auctions, all of which are relatively strong, and are still attracting DOT holders to help Vote yourself. Attention to the Polkadot Slot Auction mainly focuses on two points. The most immediate concern is whether the Polkadot slot auction will bring a strong performance of DOT, just like KSM during the Kusama slot auction. Another concern is actually more important, and…

    Polkadot News 2021-11-13
  • This article talks about the important infrastructures in the era of Metaverse and the Web3: Rollup, Polkadot, Cosmos, etc.

    Since the end of August, the public chain market has continued to be hot and has attracted a lot of attention. In addition, the Cosmos ecosystem on the multi-chain side has made continuous progress, and the Polkadot slot auction has also begun. In this issue, we will talk about the current models of multi-chain. There is a high probability that future multi-chain scenarios will basically focus on these three models. In this article, we will combine the side chain and Rollup on the ETH single chain, using a village and bazaar. Metaphor , tell everyone the difference between…

    Polkadot News 2021-11-12