Polkadot

The Polkadot (DOT) price faced significant resistance at $7.60, following which it declined considerably to below the $7 level over the next few sessions. Polkadot (DOT) had seen a bullish few days, during which the price jumped from its support level of $6.40 to $7.50, but sellers seemed to have reversed the trend. Can Polkadot (DOT) Hold Above $7 Polkadot (DOT) came across significant selling pressure at $7.60, leading to the price registering a considerable decline. Currently, DOT is confined…

The Polkadot Treasury is a pot of funds collected via transaction fees, block production rewards, slashing, and staking inefficiencies. These funds are held in a system account accessible only by the system internal logic.  The Polkadot Treasury Polkadot’s on-chain Treasury has the potential to revolutionize how individuals do business and collaborate over shared goals. It brings the financial agency once solely reserved for governments and corporations to a decentralized peer-to-peer network. The Treasury can be used to fund any project…

As tokenization takes centre stage, Polkadot is emerging as a leading player, with its unique architecture built around parachains, providing the most interoperable and scalable token platform. Projects like Centrifuge, which has nearly $500 million in financed assets, and Archisinal, which targets the $9 trillion architecture and engineering industry, set the standard. Tokenization has become a cornerstone of the blockchain industry, and with $16 trillion at play over the next decade, an arms race has ensued for supremacy among blockchain…

Cross-consensus message format, or XCM, is a messaging format and language used to communicate between consensus systems. XCM is designed to provide a generalized and extensible set of instructions that can facilitate the completion of transactions across different consensus systems, transaction formats, and transport protocols.  A Closer Look At XCM  One of Polkadot’s primary functionalities is interoperability between its different parachains and other consensus-driven systems. XCM is essentially the language that allows two blockchains to interact with one another and…

The Polkadot (DOT) price registered a sharp drop on Tuesday after a strong showing over the weekend, culminating in DOT reaching a high of $7.78 on Monday. DOT has seen a considerable uptick in recent sessions, but the bullish momentum has been insufficient to break the resistance at $7.50, and we could see a short-term consolidation before another uptick. Polkadot (DOT) Eyes $7.50 Again Looking at the Polkadot (DOT) price chart, we can see that DOT registered a sharp increase…

The Polkadot community settled on American NASCAR driver Conor Daly to be its brand ambassador for the Indianapolis 500, where he finished 10th after leading for 22 laps. It marks the first time a community vote on a blockchain platform has been used to determine the sponsorship of a major athlete globally. At the Indianapolis 500 on Sunday, Conor Daly emerged as the top mover after starting at 29th but finishing at 10th in a competitive field where he led…

The Polkadot community has ratified the JAM upgrade as the next major protocol evolution in its journey towards becoming Polkadot 2.0. JAM represents a major revision that could replace the Polkadot Relay-chain, introducing a new decentralized, crypto-economic protocol. The Polkadot community has overwhelmingly voted in support of the JAM upgrade as revealed by Polkadot co-founder Gavin Wood. In a recent X platform post, Wood revealed that the community has ratified JAM as the next major protocol evolution. The JAM protocol…

The Polkadot community has approved the Join-Accumulate Machine (JAM) Protocol upgrade in an almost unanimous vote, with backing from over 31 million DOT tokens.  The Polkadot team received the JAM Protocol proposal in early May, along with reasons why it should replace the existing Polkadot Relay Chain, presented in a Gray Paper.  Polkadot Community Passes JAM Protocol Upgrade  The Polkadot team announced the news on social media platform X shortly after the Polkadot platform celebrated its fourth anniversary. Polkadot founder…

Polkadot has established itself as a dominant player in the crypto space with its native token, DOT, one of the market’s largest and most popular cryptocurrencies. Polkadot’s ecosystem has several projects building dApps and protocols for the Polkadot ecosystem.  Parachains On Polkadot  One of the main reasons why Polkadot (DOT) is unique is its parachain auction system. Any project wishing to launch a parachain and connect it to Polkadot’s Relay Chain must win a parachain slot auction. Parachain slot bids…