Polkadot

Blockchain platform Ontology has announced that it is building a solution on Polkadot blockchain. As per a press release, Ontology explained that it has partnered with Parity technologies to integrate its Decentralized Identity (DeID) solution on the Polkadot network. The Decentralized ID solution will help Ontology have better access to cross-chain compatibility on the Polkadot blockchain. The Parity Asia team will undertake the development of DeID as part of the partnership. Eric Wang, an executive at Parity technologies, believes that…

In 2020, the crypto market has seen the decentralized finance sector surge to global popularity and unforeseen power. While DeFi was stealing the spotlight, the niche of sharded multi-chain networks was quietly emerging in the background. One of its front runners is Polkadot, which many consider being a worthy competitor of Ethereum. Polkadot is only three-years-old, but it has already made considerable progress on its ambitious roadmap. This promising open-source project even has a native cryptocurrency that, at the moment,…

Blockchain technology has brought numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next generation of financial primitives to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present.  DeFi was the hottest topic in the blockchain space in 2020. Today, over 200o DeFi platforms…