DePIN, a rapidly expanding sector with trillions of dollars in market potential, is poised to redefine industries, including telecoms and energy.
Polkadot is a groundbreaking multichain network designed to facilitate interoperability between different blockchains, enabling them to seamlessly exchange information and transactions. Created by Ethereum co-founder Gavin Wood, Polkadot aims to address the scalability, security and compatibility challenges faced by existing blockchains.
At its core, Polkadot employs a unique consensus algorithm called nominated proof-of-stake (NPoS), where tokenholders can nominate validators to secure the network, ensuring robust security and efficiency.
Polkadot’s architecture comprises multiple parachains, which are individual blockchains running in parallel and interoperating through a shared security protocol. These parachains can be customized to suit specific use cases, promoting flexibility and innovation.
Polkadot also includes a central relay chain responsible for coordinating communication between parachains. This scalable and adaptable framework enables Polkadot to support a wide array of decentralized applications (DApps) and services, making it a prominent player in the evolving blockchain ecosystem. Its ability to facilitate cross-chain communication and collaboration positions Polkadot as a promising solution for the future of blockchain technology.
Bitcoin price briefly pushed above the $30,000 level. Are altcoins poised to follow?8382
Bitcoin trades in a predictable range, but will the sideways price action tempt altcoin traders to open new positions?4624
Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation.4021
Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins.5532
Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.4698
Bitcoin and even some altcoins are holding steady even as the U.S. Dollar Index steamrolls to a near 1-year high.3111
Google’s BigQuery added 11 new public data sets for blockchain networks, allowing users to obtain a variety of data from these networks.4861
Bitcoin and the major altcoins are down from their weekly highs, but the bulls are trying to form a higher bottom, indicating buying on dips.4261
Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed’s rate decision on Sept. 20.6718
Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned.6039
By inheriting Ethereum’s security, Canto will be more decentralized and will enable trustless guarantees when bridging assets over, Polygon Labs said.6666
Brushfam founder Markian Ivanichok claimed that the Polkadot ecosystem “doesn’t care about users” and expressed frustration with the governance process.17119
The recovery in Bitcoin and altcoins is facing selling at higher levels, indicating that the overall sentiment remains negative.3358
Bitcoin remains stuck in a range, but certain altcoins are showing signs of breaking down in the near term.6709