• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: KyberSwap Hacker Demands Full Control, Sets December 10th Deadline
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: KyberSwap Hacker Demands Full Control, Sets December 10th Deadline
Why Polkadot is the Future of DeFi

Big Things Are Happening at Polkadot As Web 3.0 Comes Closer to Realization

Bitcoinist by Bitcoinist
3 years ago
in Industry
0

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 surreptitiously hid on their website.

Parachains Rollout

Polkadot, who are building a completely decentralized web controlled by the users, has rolled out its parachains. This is the final piece in the Polkadot puzzle according to the PolkaDot whitepaper and will allow the interconnection of different blockchains, enabling a seamless transition of data, information and transactions across the various blockchains.

Quoting Polkadot “After a period of testing, optimization and auditing, parachains will be ready for launch on Polkadot, and can be enabled via on-chain governance.”

 When parachains are launched then it will be up to the self governing Polkadot community to decide what comes next in terms of features and upgrades.  

Polkadot whose mission is to “free society from its reliance on a broken web where its large institutions can’t violate our trust” has certainly taken a major step in connecting the dots for a larger and more seamless decentralized ecosystem.

Web3 and the Extraordinary Team Behind the Project

It is this extraordinary project that has caused Polkadot to rise up in the ranks of leading projects. The team behind Polkadot and the Web3 foundation are certainly salubrious, they  include Dr. Gavin Wood who was co-founder and CTO of Ethereum. He was responsible for creating key parts of the original blockchain technology.

The current stage of the parachains project involves the testing and bug fixing on parachain testnets. Then community members will be called on to test the parachains in approval voting. Once the codebase is complete and running smoothly the community will vote on whether to enable parachains and slot auctions via on-chain governance.

Exciting days for the protocol and for the blockchain community at large.

 

 

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Bloomberg Analyst Says SEC To Approve All Spot Bitcoin ETFs In January 2024; Bitcoin and Ripple Are Tokens To Monitor

Bloomberg Analyst Says SEC To Approve All Spot Bitcoin ETFs In January 2024; Bitcoin and Ripple Are Tokens To Monitor

4 hours ago
A New Token That Is Gaining Massive Attention From Bitcoin (BTC) and Chainlink (LINK) Whales – The Untold Story Revealed

A New Token That Is Gaining Massive Attention From Bitcoin (BTC) and Chainlink (LINK) Whales – The Untold Story Revealed

5 hours ago
New Altcoins Unique Token Burn Utility To Rival Ripple and Ethereum’s utility

New Altcoins Unique Token Burn Utility To Rival Ripple and Ethereum’s utility

2 days ago
Breaking; Dogecoin Moon Mission Gets Approval, Shiba Inu Burn Rate Spikes 500,000%

Breaking; Dogecoin Moon Mission Gets Approval, Shiba Inu Burn Rate Spikes 500,000%

2 days ago
Solana Hits New Daily Transaction Record, Analyst Shares Bullish Price Prediction for Ethereum

Solana Hits New Daily Transaction Record, Analyst Shares Bullish Price Prediction for Ethereum

2 days ago
7 New Cryptocurrency To Invest In 2024

7 New Cryptocurrency To Invest In 2024

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • Wish You’d Invested in BTC and ETH Sooner? Experts Say...

    6 hours ago
  • Market Rallies Post-Holiday. Fake-Out or Are Bulls Back in...

    8 hours ago
  • The Best Altcoins to Invest in? Cardano, Polygon, and...

    1 day ago
  • Top 3 Affordable Cryptos Worth Buying Next Week

    1 day ago
  • 3 High Growth Cryptos To Buy Now

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.