Will Polkadot save decentralized finance from Ethereum’s scaling problems?
Polkadot may beat Ethereum 2.0 in the transaction fee race. Web3, interoperability, and layer 0 are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously. For starters, imagine a world where Facebook is replaced by a decentralized social media application built on Polkadot. This is what projects like Subsocial are building in their platforms which lets users....
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Polkadot is trying to achieve scalability without compromising network security. Early signs suggest it may beat Ethereum 2.0 in the transaction fee race. Web3, interoperability, and layer 0 are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the Internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously. For starters, imagine a world where Facebook is replaced by a decentralized social media application built on....
Blockchain venture capitalists continue to fund Polkadot projects with growing conviction. SubQuery aims to bring data indexing infrastructure to the network. Decentralized data aggregator SubQuery has concluded a $9 million funding round to build Polkadot’s first data aggregation layer, a move that could strengthen data indexing for the emerging interoperability network.The investment funds will be used to continue building SubQuery’s data indexing infrastructure for all Polkadot and Kusama applications, the company announced Wednesday. SubQuery also announced the investment would help it....
Decentralized finance isn’t exclusive to one platform or network, and the Polkadot-based MANTRA DAO intends to unite the disparate world of DeFi under one decentralized autonomous roof. Polkadot’s entry into the top ten cryptocurrencies by market cap signified the rise of one of the most serious competitors to Ethereum to date. With that emergence comes […]
If you are curious about Clover Finance, you are not alone! Now listed on Coinbase, Clover Finance is no longer just a new player in the space, it’s a leading name in the DeFi space. In fact, Clover Finance is leading the interoperability phase for decentralized finance, bringing blockchain together to grow not only the Clover ecosystem, but increase the user-friendliness of DeFi and crypto as a whole. Here is a breakdown of how this revolutionary new platform actually works: Clover Finance and its Consensus Mechanism: First of all, let’s break down blockchain. A blockchain is a system of....
As the launch date for parachains nears, a new initiative is constructing a decentralized finance (defi) index token that tracks Polkadot projects aimed at helping investors diversify their holdings through a single instrument. Six Projects Provide Soft Commitments to Join Polkadot Index Network Token The growing interest in Polkadot and its novel parachains has seen the blockchain’s native token become the source of frenzied speculation over the last few months, joining the list of the top ten cryptocurrencies by market capitalization. Now, with approaching parachain launches for....