You may have previously heard of Polkadot’s so-called “wild cousin”, Kusama. Specifically, Kusama is an unaudited, early release of Polkadot that serves as a proving ground for developers to test out features of Polkadot before deploying. With Kusama, teams can deploy decentralized applications (dApps) and parachains in a real environment.
As of 2021, Bitcoin and cryptocurrencies more broadly have become well-known phenomenons throughout the world. Furthermore, the use of such virtual currencies is growing rapidly as people become increasingly interested in cryptocurrency and blockchain. Along with this heightened interest in crypto, the amount of investments is growing at a similar pace. Blockchain is the technology underpinning cryptocurrencies and which makes them possible. As awareness and adoption of crypto grows, cross-industrial demand for blockchain follows. However, even though most people have heard of blockchain, most of them are unaware of how it actually works and how to build one. Creating a fully functioning blockchain can be challenging and time-demanding. One of the initiatives trying to solve this is Parity Technologies’ Substrate.
As transaction fees on the Ethereum Network push new highs, the competition between smart contract-enabled blockchains is heating up. Ethereum has long been the go-to platform for decentralized applications (dApps). The network effect of Ethereum and Ethereum-based dApps has been a catalyst in creating an environment where developers can program money in innovative new ways. Without the success of Ethereum over the years, the demand for smart contract-enabled blockchains would likely be substantially lower. However, several new projects, including those established by founding members of the Ethereum team, have created compelling alternatives to the number one decentralized finance (DeFi) blockchain. Blockchain-based smart contract platforms are becoming fiercely competitive in their adoption and utility. But, what are the differences between these blockchains and smart contract development platforms?
On February 4th, 2021, exciting news was announced when a Polkadot exchange-traded product (ETP) was launched on the SIX Swiss Exchange. This was made possible thanks to the fintech company 21Shares AG. This is massive news for the crypto industry and an important step toward even greater cryptocurrency adoption. Having a Polkadot ETP creates opportunities for new people to gain exposure to cryptocurrency through traditional means. Furthermore, substantially increased exposure to a top-performing coin suggests that we may see an influx of new users wanting to invest and trade in other cryptocurrencies.
Despite Polkadot launching the Genesis block of its network just last year, the project has since gone from strength to strength. Recently, Polkadot’s native DOT token has surged to establish Polkadot as the fourth-largest cryptocurrency by market cap. What’s more, the sheer number of Polkadot projects that have already risen to prominence is remarkable.
Those who keep an eye on the cryptocurrency market will likely recently have become more aware of Polkadot and the DOT token. Polkadot made the news last week, by suddenly jumping into the Top 10 Cryptocurrency list - going by market capitalization - on CoinMarketCap. Polkadot is an ambitious project which seeks to lay the groundwork for a polychain Web3 future. To learn more about what that means and what the Polkadot coin represents, read on!
Certain buzzwords are currently making names for themselves in the cryptosphere. Most notably, these include DeFi, NFTs, and oracles. These could conceivably be among the top trends that may act as catalysts for a potential 2020/2021 bull run. Another buzzword that is making the rounds, although perhaps does not receive as much attention as the previously mentioned terms, is blockchain interoperability.
You may have heard of the “Exeedme” blockchain-powered gaming tournament platform and the XED token. In short, Exeedme is a blockchain gaming platform that seeks to revolutionize the industry by giving gamers, developers, and organizers a place to monetize their skills. They plan to do this through the power of decentralized finance (DeFi) and non-fungible tokens (NFTs).
Interoperability is becoming an essential feature for new DeFi projects. The idea of being bound to a single blockchain is becoming increasingly rejected as projects look towards a future where DeFi is limitless. Polkastarter is one of the latest projects to be built on Polkadot that is taking the crypto world by storm. The native POLS token has seen incredible price action over recent days, and investors are starting to get excited. But what is Polkastarter?