Polkadot

The first digital currency to be introduced, Bitcoin, introduced a new consensus called proof of work, which aimed to secure the network. A miner does a lot of work(arithmetic calculation) and shows proof in proof of work. However, this system has many problems like high electricity costs. Therefore, it launched a new consensus PoS. Proof of Stake(PoS), introduced in 2012, allows a user to collateralize some assets to validate and release blocks. Since then, several cryptos have their versions of…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,525 trillion. Bitcoin is trading more or less at the same price as last week after a 0.38% devaluation. Ethereum is down by almost 13% in the past seven days. XRP has dropped by more than 10% over the week. Binance Coin, Polkadot, and Cardano have recorded disappointing losses throughout the week. The DeFi…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,645 trillion. Bitcoin is trading more or less at the same price as last week after a 0.5% increase. Ethereum is up by more than 11% in the past seven days. XRP has increased by more than 6% over the week. Binance Coin, Polkadot, and Solana have recorded important gains throughout the week. The…

The definition of scalability differs depending on the area of applications in websites, applications, or blockchain development. Scalability, or ability to scale, is a blockchain's capability to grow and support the increasing number of activities. Commonly, the concept of scalability relates directly to the speed, throughput, and ability to host increasing amounts of transactions with time. Most blockchain networks using the proof of work consensus algorithms offer transactions at a speed of 10tps. However, if crypto is globally adopted, it…

Dubai-based Investment firm FD7 Ventures has launched a $250 million micro-fund targeting Polkadot (DOT) and Cardano (ADA) projects. This is part of the investment firm's aim to expand its existing business portfolio.  $250 million Micro Fund FD7 Ventures revealed this move in a press release on February 28, 2021. According to the report, this development was part of opening an office in Bangalore, India. FD7 wants to build a presence in Bangalore, an area widely considered the home of India's…

If you have a glimpse of what's happening in the crypto-verse, you must or should have noticed that the crypto world is rapidly growing, and new, better options are introduced in the markets every other day.  It started with Bitcoin as the flagship crypto; thousands of new crypto assets have joined the market since then. Believe it or not, some crypto projects have even become exceptional investment prospects. But, at the same time, not all projects are fertile to investors.…

The crypto market is in the bullish zone led by the two largest cryptocurrencies, Bitcoin and Ethereum. The leading cryptocurrencies have hit new all-time highs in the last 24 hours, and this has caused a ripple effect in the market.  Bitcoin And Ethereum Hit All-time Highs Bitcoin has continued to make rapid gains in recent weeks, buoyed by recent institutional adoption. In the past two weeks, the leading cryptocurrency has made 30% gains from $38k and recently crossed the $50k…

The native token of blockchain project Polkadot is enjoying a bull run and recently hit an all-time high. This is after the project updated its roadmap earlier in the week in its quest towards adoption.  Polkadot DOT Breaks all-time High. Polkadot has gained momentum since the start of 2021, with its native token DOT increasing in value. DOT reached $31.89 in the early hours of today, a new all-time high for the coin.  The rise of altcoin has been remarkable since…

More than $5 billion has been staked in the Ethereum 2.0 smart deposit contract. This surge in deposits makes Ethereum 2.0 the third-largest staking network.  Ethereum 2.0 continues to attract Stakers Ethereum 2.0 smart deposit contract has continued to receive deposits despite hitting the minimum mark to launch. According to data from the launchpad dashboard, the amount of ETH currently staked is 3 million ETH. This represents about 2.8% of the total supply and is valued at $5.2 billion.  This…