Polkadot

Mosaic Chain secured a parachain slot on the Polkadot Relay Chain — securing the rights necessary for its mainnet launch. According to a recent Mosaic Chain announcement, the network won the rights to be connected to the Pokadot (DOT) blockchain for 96 weeks—from July 3, 2024, to May 8, 2026. The Polkadot Relay Chain will secure the new network. Parachains.info shows that Mosaic Chain won the 73rd parachain slot through a self-funded effort. The auction page shows that the project…

Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot’s short-term gains might be compromised.  Despite showing that Polkadot can still pack a punch, users are still skeptical of the platform’s viability and DOT’s capability to move upward in the coming days. With low investor confidence and…

Parachain auctions play a crucial role on Polkadot and Kusama. Their outcome determines which project is allotted a parachain slot and the number of tokens locked. Both Polkadot and Kusama use candle auctions to allocate parachain slots. Candle auctions are a variant of open auctions in which participants put in increasingly higher bids, with the highest bidder declared the winner at the conclusion of the auction. Understanding Candle Auctions Candle auctions were first used in the 16th century for the…

Polkadot (DOT) and Uniswap (UNI) were among the undisputed top gainers in their respective 2021 peaks—but both altcoins have fallen far off the wayside since. The struggle has only been highlighted further with the collapse of Bitcoin to $50K at the start of August, which tanked the rest of the altcoin sector along with it. Anyway, if you’re buying Polkadot or Uniswap in 2024 in search of big gains, you’re already too late.  Instead, if you’re looking for SERIOUS gains,…

The Polkadot ecosystem took a significant leap in scalability by deploying asynchronous backing. But how can it help blockchains on Polkadot achieve higher throughput and enhance scalability and efficiency? Async backing allows Polkadot-based blockchains to achieve 10x throughput through Polkadot’s parachain consensus protocol in combination with proof-of-validity reclaim. What Is Async Backing? First, let’s understand the backing process on Polkadot. Parachain blocks on Polkadot are generated by collators and sent to validators on Polkadot’s Relay Chain for backing. Backing is…

Polkadot token DOT has indeed been hot on the cryptocurrency market throughout the week, appreciating over 21%. Despite the gains bringing further enthusiasm among the investors, the token pressed on higher and continues to trade at $4.65 with a market capitalization of more than $6.6 billion. Now ranking 17th in the largest cryptocurrencies, investors and DOT aficionados cannot stop wondering if it can sustain its momentum. Something is literally now hyping in the air, particularly after the analysis of the…

Polkadot ($DOT) regained trading above $4.6 after slipping to its multi-year support of $3.6.  Polkadot ($DOT) resumed trading above $4.5 this week after a fleet yet dramatic visit to its multi-year support at $3.6. However, demand for $DOT at a low price pushed the price above the $4 level.  $DOT Recovery In Line with Market Conditions $DOT had a tumultuous week, plunging to its multi-year support of $3.6 on Monday. The week kicked off with severe selling pressure, which pushed…

Polkadot has launched a redesigned website in collaboration with Distractive, featuring a more user-friendly interface, simplified navigation, and plans for ongoing enhancements to better serve both new and existing users in the Web3 space.  Distractive Assists In New Polkadot Website Polkadot has launched a new website in collaboration with web3 marketing agency Distractive, marking a significant evolution for the platform.  Distractive announced the launch on X.com,  “Introducing the new Polkadot website! After months of focus and hard work, Distractive is…

As the rebound in some sectors of the crypto market slows, Polkadot (DOT) has captured some momentum garnering the attention of some investors that grabbed it at a discount. According to CoinGecko, the token is up almost 6% today, with the rebound slowing to a mere 2% increase since yesterday. However, this has not deterred investors from keeping their eyes on DOT as it slowly makes its way upward.  This is partly due to Polkadot’s continuing on-chain developments that helped…