Three Ways to Benefit from Polkadot’s Expanding Ecosystem
Sharded blockchain Polkadot recently set tongues wagging after confirming the next batch of parachain auctions on its experimental network Kusama. But as the crypto community waits with bated breath for candidates to announce themselves, it’s worth remembering that Polkadot is already alive and kicking in its own right. Founded by Ethereum O.G. Dr Gavin Wood, Polkadot has long been touted as a viable rival to the world’s best-known smart contract network, a consequence of its sophisticated infrastructure, thriving developer community, and promise of true interoperability between....
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Polkadot’s vision for a sharded parachain ecosystem is moving toward becoming a reality. The Polkadot ecosystem continues to progress, with DeFi platform Acala Network becoming the first to win a parachain slot on the Rococo testnet.Acala, the self-described decentralized finance hub for Polkadot, announced it had secured the slot on March 26.Acala has won the first parachain slot auction on @Polkadot testnet Rococo, and now Acala occupies the first public parachain slot on Rococo . Keep on building ️ pic.twitter.com/EscaM8dGqQ— Acala - DeFi Hub of Polkadot (@AcalaNetwork) March 26,....
Polkadot’s ecosystem has been quickly expanding. The Gavin Woods project seems to be living up to the hype and could be at the forefront of an interoperable blockchain future. A new project, Polkaverse, has been launched with the goal of tackling a sector that has been heavily criticized in the past years, social media. Launched […]
As you might already know, parachains are different individual layer-1 blockchains, running in parallel within the Polkadot ecosystem, on the Kusama network – and soon to be Polkadot as well. While they leverage the central Relay Chain to stay connected and secured, they benefit from Polkadot’s other properties, such as its security, scalability, interoperability, and governance. The uses of parachains are multiple. Taking the advantage of Polkadot’s cross-chain composability feature, any sort of data or asset can be sent between parachains. While it makes Parachains eligible to....
Polkadot’s parachain auctions have been one of the most hotly anticipated events in the platform’s history. After the first raft of projects battled it out during November and early December, now the auctions for slots six through eleven are underway. And one of the contenders vying for a slot is Polkadex, the order-book-based DEX built […]
The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains. Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency once again on the ascent and the aggregated market capitalization nearing $2 trillion, tether (USDT) is increasingly playing an outsized role in many of the ecosystem’s activities. Since emerging as the stablecoin of choice for many participants and applications alike, Tether’s market....