Polkadot is a Nominated Proof-of-Stake (NPoS) blockchain network designed to support parachains. Developers can choose the components that best fit with their application-specific Layer 1, based on the Parity technologies’ blockchain framework. That means all parachains are connecting into one hub – called Repay Chain – to ensure security and governance.
In Q3, Polkadot has eight new winners in its slot auctions, with the 132 million DOT, worth $850 million, up to 10.7% of the total supply. Still in this period, the Cross-Consensus Message Format (XCM) adoption has been launched in the new version 3 – XCM V3. Polkadot Governance Version 2 was also released, resulting in an increase in total eligible proposals for voting.
According to the parachain auction, the eight new parachain winners in Q3 are Darwinia, Bridgeport Group, Integritee, KILT, Kylin, Aventus Network, Watr, and OAK Network.
The crypto market continued the frozen state in the winter, impacted by the erratic global macro environment. Polkadot’s market cap ended in the quarter down by 6%.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Ken
CoinCu News
TokenUnlocks has released staggering data regarding large-amount unlocks scheduled for May.
Hong Kong sheds light on the stark contrast between the trading volumes of Bitcoin and…
Chiliz Chain CEO Alexandre Dreyfus has made waves in the cryptocurrency world with a recent…
HashKey Group has executed a strategic withdrawal of 178,126 PENDLE tokens from the renowned exchange,…
Binance founder CZ faces potential prison time for anti-money laundering violations.
The initiative, commemorating the successful issuance of the Bosera HashKey Bitcoin ETF, aims to involve…
This website uses cookies.