Polkadot

The crypto market suffered a severe knock over the past weeks, with Bitcoin ($BTC) briefly dropping to $54,000. Altcoins have followed suit, with Polkadot, Solana, and Ethereum losing ground.  The cryptocurrency market has experienced severe difficulties in recent weeks, with Bitcoin and alts reaching their recent lows. Amid harsh market conditions, Polkadot attracted criticism for its early 2024 spending. Market conditions, coupled with concerns over the Polkadot Treasury’s high expenditure, resulted in Polkadot ($DOT) dropping 16% over the past month. …

The post Polkadot Records 33% Transaction Growth As DOT Hits Seven-Month Low appeared first on Coinpedia Fintech News Polkadot’s ecosystem remains strong despite recent market downturns that briefly pushed DOT’s value to a seven-month low. While there is a 33% month-on-month increase in transactions within Polkadot’s ecosystem, rising to 16 million in June from 12 million in May, and Polkadot’s open governance platform, OpenGov’s 66% month-on-month increase in proposals, DOT’s price has struggled considerably amid the broader market trend. DOT…

It has been tough times for investors, as many top altcoins are trading down at the moment. Decentraland (MANA) was the star of GameFi in 2021 and 2022, but the token has lost most of its value lately. Polkadot (DOT) is also facing scrutiny for heavy spending, as reported in its Treasury reports. In the midst of so many downtrends, Raboo ($RABT) is practically untouched. The $RABT crypto price is 60% up from the initial presale stage, and investors have…

The winds of change are swirling around Polkadot (DOT). After a month-long slump that mirrored a broader cryptocurrency market downturn, DOT finds itself at a critical juncture. Technical indicators hint at a bullish reversal, with some analysts predicting a significant price surge for the interoperable blockchain darling. However, a recent spending spree by the Polkadot Foundation has cast a shadow of doubt, leaving the community divided. Falling Wedge Hints At Breakout, Analysts Eye $9 Target As technical analysis presents a…

In the cryptocurrency market, meme coins are showing to be the way to make money. BRETT is positioned to see enormous gains when the meme coins make a strong resurgence. And Polkadot(DOT), a currency with a scalable and quick design. Meme coins are performing exceptionally in terms of return on investment (ROI), DeFi investors are switching to alternative coins like Raboo in search of profit. Users will receive additional value from Raboo, one of the best ICO. The long-term potential…

Victor Ji, co-founder of Manta Network, shared discontent within the DOT community over ineffective marketing strategies despite substantial expenditures. Despite concerns over Polkadot’s declining revenues and reduced assets in its treasury, the network’s sustainable financial model, supported by staking rewards, continues replenishing its funds. Manta Network co-founder Victor Ji has criticized the Polkadot (DOT) ecosystem for unprofessional conduct. His comments come amid community backlash over ineffective marketing despite a substantial budget. As the digital asset space increasingly emphasizes decentralization, community…

As a public permissionless network, Polkadot utilizes a mechanism to disincentivize offenses or bad behavior and incentivize good behavior.  There are several major validator offenses including Backing Invalid, ForInvalid Vote, AgainstValid Vote, Equivocation, Double Seconded Equivocation, and Seconded + Valid Equivocation.  Polkadot counters these offenses with a series of punishments, including slashing, disabling, and reputational changes.  Offenses On Polkadot  There are six main validator offenses on Polkadot.  Backing Invalid - This offense occurs when a para-validator backs an invalid block. …

London, United Kingdom, July 2nd, 2024, Chainwire Web3 data platform Archisinal has announced a collaboration with the Innovation and Artificial Intelligence Lab (UBA IALAB) of the University of Buenos Aires. The entities have partnered to develop a Polkadot-based project that will revamp the UBA law facilities. Archisinal will work with UBA’s Web3, Blockchain & IA Lab to apply blockchain technology to design and urbanism. Students, architects, and members of the academic community who wish to be part of the project…

Hanoi, Vietnam, July 2nd, 2024, Chainwire In the last two weeks of June, SubWallet announced support for Polkadot <> Kusama bridge and Polkadot <> Ethereum bridge on its browser extension, followed by the integration of the Asset Conversion pallet on its web dashboard that allows swapping among DOT, USDT, and USDC on the Polkadot Asset Hub network. These bridges and swaps are important updates that expand use cases of the Polkadot ecosystem, and SubWallet is the first to support them…