Polkadot's founder looks back on the year, teases Substrate 3.0 in early 2021
Polkadot has recounted its gains in 2020, identifying its dominance of the crypto staking scene among other notable milestones for the year. With 2021 less than 24 hours away, Polkadot creator Gavin Wood says the project has built up a head of steam heading into the new year. In a 2020 roundup published on Wednesday, Wood highlighted Polkadot’s rise to becoming the number crypto for staking based on the volume of staked tokens.According to Stakingrewards.com, over 63% of the 1.02 billion DOT token supply is locked in staking wallets. This percentage amounts to about $5.2 billion in staked....
Related News
Examine how Polkadot's ecosystem and Substrate platform can be compared to Ethereum’s upcoming upgrade as the race toward Web3 gathers momentum. For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality.Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake....
Polkadot parachains can now choose to add Chainlink price feeds to their runtime. Polkadot and Chainlink have announced the release of Chainlink’s Price Feeds as a module, or “pallet” in Polkadot terminology, for the Substrate blockchain framework.The release means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains, as well as independent blockchains — can integrate Chainlink oracles through a simplified library.The announcement comes as the latest result of a long-standing collaboration between Chainlink and Polkadot, now offering a....
How interoperability can scale DApps in 2022. What platforms are using Substrate for scaling?There are several projects that have been built within the Substrate environment.One of them is CLV Chain — a chain working to offer interoperability with the EVM among other blockchain networks.CLV Chain is a Substrate-based layer-1 chain compatible with the EVM, which means that developers can easily migrate their projects and smart contracts to the CLV Chain network despite having written them in Solidity within the EVM. This EVM compatibility, combined with Polkadot’s interoperability....
Data shows Polkadot's price action has been a bellwether for Bitcoin in the past few months. Polkadot (DOT) is seeing an impressive 180% gain in 2021 so far, surpassing XRP for fourth place by market capitalization. Polkadot is a multi-chain protocol that has several "parachains," similar to Ethereum Shards. DOT works on its proprietary technology called Substrate.The platform is fully interoperable between different blockchains while maintaining the ability to process thousands of transactions per second. Substrate 3.0, which will bring Ethereum compatibility, is expected to launch in the....
What a year for Polkadot, not only has its DOT token now crossed the all-time high, to trade at $30.22, it is also up 938% in the last year (15th feb 202-16th Feb 2021). If you had invested just $1000 one year ago on DOT, you would now have $9380. Not to be sniffed at. But this all pales into insignificance when you look at the bigger picture and the latest Polkadot news, which they […]