Quantstamp will audit the entire blockchain of a new DeFi project on Polkadot
Quantstamp's audit is crucial to ensure a smoothly operating blockchain. One of the first audits of a decentralized finance project connected with the Polkadot (DOT) blockchain is set to be carried out by blockchain security firm Quantstamp. The project, Equilibrium, had first announced its plans to develop an interoperable protocol on Polkadot in summer of this year. For its transition to Polkadot, the project has been developing new products for its decentralized, cross-chain money market, such as interoperable stablecoins, a synthetic asset platform, and a decentralized....
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The rollout of the Polkadot protocol has been ongoing since August, when the project launched its Rococo testnet. Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network.Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network. According to Wood, the development arm behind Polkadot, Parity Technologies, had released an upgrade — Polkadot version 0.9 — for Kusama, which “is now finally ready to host....
In a cryptocurrency ecosystem where the programmable-money juggernaut has long been Ethereum, Polkadot, a project that has been quietly developing an alternative solution since 2016, is ready to take on the blockchain world.
Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term. Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parallel chains or parachains. Each application-specific chain built within Polkadot uses the Substrate modular framework, and this is meant to ease the development process.The project has been at the center of developers' and investors' attention for most of 2021, but the sharp market-wide correction on May 19 dealt a heavy blow to the DOT price, and the team has been....
Just recently a new project called Polkadot joined the top ten crypto coin list almost immediately after the project officially launched. Today, the Polkadot network is the sixth-largest blockchain in terms of market capitalization. The blockchain is considered an Ethereum competitor by a few individuals, and some crypto proponents speculate it will be amongst the top three market caps in the near future. Crypto proponents have noticed a new top ten crypto-challenger in the world of digital assets, as the Polkadot (DOT) blockchain has recently joined the leading ranks. A number of people....
MoonBeam wants Ethereum developers to feel comfortable on Polkadot. The MoonBeam project is planning on setting up a custom parachain that emulates the Ethereum Virtual Machine environment, effectively recreating Ethereum (ETH) on Polkadot (DOT).Developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain to host their decentralized apps. While Polkadot’s Substrate framework is intended to make this process simpler, not all DApps need that level of control over their environment.MoonBeam seeks to become a kind of Ethereum emulator for....