|All Time High:|
|Market Cap: |
|The price of #DOT today is $6.46 USD.|
The lowest DOT price for this period was $0, the highest was $6.46, and the current live price for one DOT coin is $6.46060.
The all-time high DOT coin price was $55.07.
Use our custom price calculator to see the hypothetical price of DOT with market cap of BTC or other crypto coins.
|The code for Polkadot is #DOT. |
Polkadot is 2.1 years old.
|The current market capitalization for Polkadot is $7,417,694,364.|
Polkadot is ranked #12 out of all coins, by market cap (and other factors).
|There is a very large daily trading volume on #DOT.|
Today's 24-hour trading volume across all exchanges for Polkadot is $283,407,523.
|The circulating supply of DOT is 1,148,142,425 coins, which is 93% of the total coin supply.|
|DOT is the native coin for the Polkadot blockchain.|
View the full list of Polkadot blockchain tokens.
|DOT is well integrated with many pairings with other cryptocurrencies and is listed on at least 78 crypto exchanges.|
View #DOT trading pairs and crypto exchanges that currently support #DOT purchase.
Polkadot Roadmap Roundup
By Rob Habermeier, Polkadot founder As the Polkadot Community comes into the last quarter of 2022, we at Parity Technologies would like to update the community on a number of important development topics we’ve been working on. These bridge a number of categories: parachain scalability, parachain development, relay-chain governance, cross-chain communication, common-good parachains, bridging to other ecosystems, and staking. We’ve been hard at work on delivering the code for these features and upgrades and look forward to having them accepted by the Polkadot community. — Asynchronous Backing - Asynchronous Backing is the first set of major optimizations to Polkadot’s parachain consensus protocol since its launch on Polkadot in December 2021. Scalability is a huge topic in the blockchain ecosystem, and the goal of Parity and the Web3 Foundation as protocol designers is to meet the demand of parachains by providing each parachain with a large increase in block capacity. If Asynchronous Backing is enabled by the network, the block time of 12 seconds for parachains will be shortened to 6 seconds, which will mean lower latency and faster finality for transactions executed on parachains. Furthermore, the parachain blocks themselves will be allocated more time for execution, meaning that they get even more throughput. Asynchronous Backing is a large upgrade spanning the runtime, the networking protocol, and the logic of collators which is designed to do 3 things: decrease the parachain block time to 6 seconds, increase the amount of block space available to each block by a factor of 5–10, and allow parachain blocks to be ‘reused’ when they don’t make it onto the relay chain in the first attempt. This is a major scalability improvement which will both increase the amount of work every parachain can do and will optimize network performance to allow for more parachains to be registered. We estimate that this update will bring the TPS capacity of the network in aggregate to between 100,000 and 1,000,000, without affecting the security guarantees made by the network. We estimate that Asynchronous Backing will be ready for deployment on Kusama by EOY 2022 and then on Polkadot, pending the results of audits and testing. Links: GitHub Issue 3779: Asynchronous Backing Spec & Tracking GitHub PR 5022: Asynchronous Backing MegaPR — Parathreads / Next-Generation Scheduling - One of the main goals we’ve set is to make it as easy as possible to build in the Polkadot ecosystem. While smart contract parachains have made it possible to easily build for the network and leverage its interoperability, we’re aiming to improve this developer experience at all levels of the stack. The early parachain auctions on Polkadot were significant events which gathered enormous amounts of community support. Each auction winner earned the right to launch a chain with guaranteed regular execution for the next 2 years. Over time, it’s become much cheaper to acquire a parachain slot as the supply has expanded, but the mechanics of building a community of supporters, waiting for the next auction, opening a crowdloan, and competing against other projects to win a slot still represent a significant barrier to entry for projects looking to join the Polkadot ecosystem. Parathreads are the solution to this issue. Parathreads are pay-as-you-go parachains. Parathreads give you the power of starting a blockchain with the ease of launching a smart contract. They can be launched and operated without waiting for the next auction or doing anything more than uploading their code to the relay chain and spinning up a few funded collator nodes. Parathreads are built for fast-iterating teams of committed professionals as well as tinkerers and hackathon participants, and are designed to be well-suited to the rapidly evolving blockchain developer ecosystem. They represent a simple, easy, and accessible entry point for launching an L1 chain on top of Polkadot and Kusama. Parathread blocks are just as secure as parachain blocks. The parathread architecture is something that’s only possible on Polkadot and not on a solo-chain, because of Polkadot’s unique market mechanisms for allocating block space, data availability, and execution. Parathreads also allow for a seamless upgrade path to become a full parachain with guaranteed capacity. While in operation, it’ll be possible for a parathread to participate in parachain auctions and upgrade to a full parachain. We estimate that parathreads will be ready for launch in Q1/Q2 2023. We are undertaking ongoing R&D work to explore something we currently term Next-Generation Scheduling. Next-Generation Scheduling is something related to parathreads: the ability for parachains which have won slot auctions to ‘boost’ the amount of block space and execution time they have access to. This is a category of protocol changes intended to make Polkadot into the most efficient blockspace market by allowing both parachains and parathreads to adapt the amount of consensus resources they make use of based on their requirements. Parachains and parathreads should be able to save on consensus and security costs by avoiding paying for more than they need. Furthermore, this would ensure those resources are available for other chains to purchase, increasing the efficiency of the network in aggregate. Links: GitHub Issue 5492: Parathreads: Take II — XCMv3 - As Polkadot’s core thesis of blockchain interoperability has become a reality over the past 2 years, we understand the impact and importance of cross-chain communication in the multichain future better than ever. Polkadot’s XCM, short for Cross-Consensus Messaging, is having its third major release. XCM is a universal language for cross-chain communication that can be used inside or outside the Polkadot ecosystem. Combined with the transport protocol XCMP-Lite (aka HRMP) or other future transport protocols, it can be used to communicate securely and trustlessly between parachains. XCM is already being used within the Polkadot ecosystem. With the release of XCMv3, parachains, as well as the contracts and applications deployed to them, would benefit from additional functionality. This includes support for bridging, e.g. to external networks, improved fee payments for operations, NFTs, and APIs for querying and invoking pallets on other chains. XCMv3 depends on Weights V2, and we aim for it to be ready to deploy by EOY 2022 Links: GitHub PR 4097: XCM v3 — FRAME: Weights V2 - Since the early days of Ethereum, there have been conversations about altering the notion of ‘gas’ payments to become multi-dimensional in order to accurately reflect the usage of different kinds of resources in order to set and adjust fees more accurately. Polkadot is now implementing these ideas with Weights V2. Weights are the mechanism by which Substrate transactions and actions are measured against block capacity. The work on Weights V2 introduces a notion of multi-dimensional weights, which measure not only execution time but also the amount of state accessed by a particular operation. This is of particular interest to Polkadot, where the amount of data necessary to validate a particular parachain block is a key determining factor and must be limited to sizes accepted by the relay chain’s on-chain configuration. Essentially, Weights V2 makes Substrate runtimes more amenable to stateless client approaches and therefore marks a key step in making it easy to write parachains (and other kinds of rollups) using Substrate. This is also a precursor to XCMv3. Weights V2 will be ready to use by mid-October 2022 Links: GitHub Issue 12176: The rest of the way to Weights v2 — Governance Overhaul - Polkadot’s governance system is getting ready to evolve. We’ve been keeping an eye on the developments of the blockchain space and predict that the future will allow for projects which are either fully decentralized or which are not decentralized. Partial decentralization is a category which is fading quickly. To that end, Governance V2 has been designed as the next step in making the on-chain, binding decision-making processes of Polkadot as decentralized as possible. Our novel governance system removes the council and technical committees, introduces the Polkadot Fellowship, and moves every decision in Polkadot to referendums by the community. Its agile delegation system allows for community leaders to gather delegations either for all decisions or for some specific area or areas of focus. The acts of voting in a referendum, submitting a referendum, or becoming a delegate are all totally permissionless. Governance V2 exemplifies the ability of Polkadot’s on-chain governance mechanisms to upgrade themselves, in what we refer to as the ‘meta-protocol’. To read more about the design considerations and mechanisms involved in this overhaul, refer to the long-form blog post by Gavin Wood, linked below. The novel governance system is scheduled to be deployed on Kusama at the beginning of Q4 2022 (most likely with runtime upgrade v.0.9.30). The proposal to deploy the new model will be proposed to the community and needs to be voted on and approved in the referenda queue by token holders. Links: YouTube: Gavin Wood on Governance v2 at Polkadot Decoded 2022 — Collectives Parachain - The Common Good Parachains team has been working on final testing for a new parachain, Polkadot Collectives. This parachain will be home to numerous collectives that form in the service of the Polkadot network, including the aforementioned Technical Fellowship after its incubation phase on the Kusama Relay Chain. The first collective expected to launch is the Polkadot Alliance, a community initiative to create an on-chain body to defend fair use of the Polkadot brand and open source code. Estimated launch is in late October. — Bridge Hub - Parity’s bridges team has been working on a Polkadot<>Kusama bridge for some time, and is preparing to start the launch process. Several other teams in the ecosystem also have bridge protocols, like Snowfork and Centrifuge. The Common Good Parachains team will work on launching parachains on both Kusama and Polkadot to serve as bridge hubs to each network. The bridge hub will be a message routing service within each network. That is, it will not store much state about the bridged chains (e.g. wrapped assets), but rather forward messages to other parachains like Statemint to handle. The launch plan is being worked on, with a planned launch by end of year. — Nomination Pools & Fast Unstake - Polkadot is happy to lead the march toward a future full of proof-of-stake blockchains. We’ve been ahead of the curve and have already shifted our mindset from “getting to PoS” to “super scaling the PoS system”. Nomination pools will expand the reach of who can participate in Polkadot’s staking system to anyone and the staking dashboard (see below) will make it easy for everyone to learn how to do that. Nomination pools are a major upgrade to Polkadot’s staking system. Nomination pools allow users to permissionlessly create “pools” of stake which others can join, and which will all be used together to nominate the same validators. The votes issued by the pool will automatically be balanced across the validators which were nominated for maximum effect. This enables more nominators, especially smaller ones, to join the staking system. Pools have been live on Kusama since June, and they have indeed fulfilled the purpose of being the real-value experimental playground of Polkadot, with more than 64 pools being created. Nomination pools will be added to Polkadot as of the 0.9.28 release, but with the default parameters, no pools can be created yet. Once this runtime is enacted, a governance proposal can set the initial configurations, such as how many pools can be created, how many members can join, etc. The pools are designed to be infinitely scalable, meaning that there is no technical limit on the number of pools and members that can participate therein. Soon afterwards, we are aiming to add a fast-unstake feature to the staking system, to facilitate the migration of nominators who are not earning rewards to nomination pools. Links: GitHub PR 10694: Nomination Pools YouTube: Nomination Pools & Polkadot NPoS at Polkadot Decoded 2022 Staking Updates: August-September 2022 — Staking Dashboard - Alongside the work on extending the capabilities of the staking protocol itself, we also recognize the need to make staking maximally accessible to end users and regular people. To that end, Parity Technologies has developed a Staking Dashboard, which is currently in an open beta. This dashboard allows users to explore and nominate validators, and view metrics about their staking returns. The Staking Dashboard also makes use of Polkadot’s best-in-class light-client technology, which allows users to interact with the blockchain without ever having to ‘phone home’ to a centralized service provider like Infura, which could either go down, restrict access, or collect data on users. Parity’s approach to blockchain UI development is to allow the user to choose from a gradient of different options, so they can opt-in to using centralized services to augment the application with more features and data, while maintaining confidence that the application will continue working even if those centralized services stop working for them. This is the first of many such products we are working on developing. The Staking Dashboard will exit its open beta shortly, but is feature-complete and can be used already. — Disputes Slashing - The Polkadot parachains protocol went live in December 2021. Parity’s approach to software development is to ship early and often, and the initial version of the parachains protocol does not enable the slashing logic. This has given the validator community the chance to upgrade alongside the network and to make sure to configure their nodes in such a way that they won’t be slashed mistakenly once the slashing code goes live. Once disputes slashing is enabled, validators which submit invalid parachain blocks will be slashed for their entire stake, and validators which create faulty disputes will be slashed for a small amount to discourage spam. This greatly increases the economic security of the network as a whole. We estimate that disputes slashing will be ready to go live by EOY 2022 Links: Polkadot v1.0: Sharding and Economic Security GitHub PR 5535: runtime/disputes: slashing Interested in building on Polkadot? Get in touch here. Originally published at polkadot.network on September 26, 2022. Polkadot Roadmap Roundup was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Polkadot DevCamp Intake #2
Your path to parachain engineering starts here - Following hot on the heels of the hugely successful first Polkadot DevCamp in May, and to meet demand from new prospective applicants, we are delighted to announce that the second edition of Polkadot DevCamp has been slated for this fall and will take place online. All our educational materials have been updated to take account of a rapidly evolving ecosystem and we start with an opening ceremony on November 1st. — What does Polkadot DevCamp Intake #2 offer? - Our curated online education program brings together Polkadot experts to help developers hit the ground running with the Substrate technology stack. Polkadot DevCamp Intake #2 will provide an initial module on Substrate, Polkadot and how to use Rust within Substrate. We then introduce FRAME and Polkadot’s Runtime Development before providing you with a strong understanding of Substrate tooling, smart contracts and interoperability. — What is the timeline for Polkadot DevCamp Intake #2? - Applications Open: September 26th Applications Close: October 23rd Opening Ceremony: November 1st DevCamp duration: November 7th — 30th Closing Ceremony: December 5th The opening ceremony brings participants together for the course ahead and people have the opportunity to get to know each other even better at a social event two days later. The course itself kicks off on November 7th and certificates will be awarded at the closing ceremony on December 5th. >>Apply now<< — Am I a suitable candidate? - To be considered for Polkadot DevCamp Intake #2 you may find it beneficial to have some experience as a developer and understand the basics of Rust. However, you definitely do NOT need to be an expert on parachains or Substrate. Polkadot DevCamp is really designed for a wide range of participants. Aspiring developers wanting to get started with Polkadot and Substrate can apply, but we also welcome developers and engineers from non-blockchain start-ups (or more established companies) who are interested to learn more about the advantages of blockchain. Please note that some coding experience is required. This is not a course for complete beginners and familiarity with basic engineering concepts is also important. But you do not need to have a wealth of practical blockchain experience. — What is the learning structure? - The teaching is provided by Andrew Burger and Bernard Schuster and consists of nine separate lessons. Participants will be invited to deliver their final presentations on November 30th. Module 1 (three lessons): We start with a lesson on How to use Rust to Develop on Substrate, before looking at Polkadot and Parachain development and then there’s a full Introduction to Substrate. Module 2 (three lessons): The fourth lesson considers Substrate Storage and Configuration before lessons five and six are all about FRAME. Module 3 (two lessons): Further focus on Substrate, with lesson seven devoted to Substrate Tooling and then lesson eight on Smart Contracts in Substrate. Module 4: (one lesson): Interoperability (XCM and XCMP) — What does enrollment cost? - Polkadot DevCamp is completely free. The only requirement is that participants finish the course. This represents a new way of training developers in Polkadot and Substrate, with no financial barrier to entry. — How do I apply? - There are 20 open slots for Polkadot DevCamp Intake #2. All applicants will need to pass an entry test to assess their knowledge in the areas of coding and development necessary for the course. Apply below to start the process! >>APPLY HERE<< — What will the Polkadot DevCamp workload look like? - The workload is not highly intensive, giving you scope to stay on top of your other projects effectively. Each of the nine lessons is just two hours long. A one-hour “project check-in” session is scheduled halfway through the course, and there’s another two days before presentation day. Polkadot DevCamp Intake #2 culminates with a closing ceremony on December 5th, when we’ll also issue certificates confirming you’ve completed the course! — Why is Polkadot DevCamp important? - The Polkadot ecosystem is powered by a diverse developer community. Although there are hundreds of active developers around the globe, interest in Polkadot engineering continues to grow. At the same time demand for courses on Polkadot and its software development kit, Substrate, is also rising. This is why Polkadot DevCamps have been created. In association with Tribe, the first blockchain ecosystem builder to be supported by the Singapore government, these coding bootcamps provide developers with a live, synchronous learning environment that creates a guided point of entry to the Polkadot developer ecosystem. >>APPLY NOW<< — Additional resources - Find out more about the Polkadot and Substrate ecosystems by joining the developer community on the Substrate StackExchange, and the Polkadot community Discord server. — What is Polkadot? - Polkadot is a layer-0 protocol and multichain network founded by Dr. Gavin Wood, the co-founder and former CTO of Ethereum and creator of the Solidity programming language. Polkadot is a sharded metaprotocol that provides security, scalability, and interoperability to a diverse network of layer-1 blockchains called parachains, and will connect them with external networks like Bitcoin and Ethereum via bridges. Polkadot solves many challenges that have hindered the growth of legacy blockchains, from scalability to governance, upgradeability, blockchain customization, energy efficiency, and more. — What is Substrate? - Substrate is a blockchain development framework for building and customizing parachains in the Polkadot ecosystem, as well as standalone or ‘solo’ chains. It features a completely generic state transition function and modular building blocks for common blockchain components like consensus, networking, and configuration. By building with Substrate, development teams can significantly speed up production and reduce the cost of building a blockchain, and get much more power and flexibility than building on a smart contract platform. — What is Tribe? - Tribe is a global blockchain ecosystem builder that connects startups and tech talents with leading opportunities. By working closely with organizations including blockchain protocols, corporates, governments, startups and developer communities, it strives to power the next wave of talent and companies’ leap from Web2 to Web3. Polkadot DevCamp Intake #2 was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Sub0, the Polkadot Developer Conference, comes to Lisbon in November
Important information - The sub0 conference will run on November 28th and 29th as an in-person event in Lisbon, Its main program includes a range of keynote presentations, breakout sessions, and workshops, with community-organized side events happening on both days., You’re invited! Sub0 is open to all skill levels — ranging from developers already building using Substrate and other parts of Polkadot’s tech stack, to those who are curious and new to the ecosystem., Tickets are free and available soon (sign up for updates below)., The highly anticipated 2022 edition of sub0 is happening soon. This year’s event has increased in scope, bringing together the diverse developer community already building on Substrate, Polkadot’s framework for building custom blockchains, as well as everyone who’s interested in learning about blockchain development in general. Sub0 creates the ideal knowledge-sharing environment for accelerating the evolution of Web3. The program line-up features Polkadot developers from around the community, including from Parity and Polkadot parachain teams. There will be separate content for experienced devs and those new to the ecosystem. Learn about the Polkadot tech stack, Substrate, Web3, blockchain and walk away with a clear understanding of the ecosystem. Or dive into technical topics, build during workshops, see new blockchain SDK tools, and hear about the latest developments on Polkadot and beyond. Ticket registration will open in September. Leave your email below to receive updates and be among the first to know once we open ticket registration. Sign up for ticket updates — A conference to help grow the Polkadot ecosystem - The sub0 2022 program will be divided into two separate spaces, each with their own content agenda. Attendees can pick between an introductory program to learn about the ecosystem or attend the builders program, where speakers will dive deep into the tech and developers will build together during workshops. Whether you’re a developer using Substrate to build custom Polkadot-compatible blockchains, a student wanting to learn more about the ecosystem, or a Web3 decision-maker looking to make new connections in the Polkadot community — everyone’s invited! In both spaces, you can expect: Keynotes and panel discussions: Join the main stage for more high-level talks, development announcements, and interesting panels that are valuable for everyone., Breakout rooms: Dive deeper into topics and collaborate with other attendees during the smaller, more intimate sessions., Workshops: Get hands-on during the live workshops. In the advanced program, developers can expect to build with the latest tools that are powering innovation across the Polkadot ecosystem., Expert all-access: Talk to Parity engineers and business development leads and ask them any questions on technical matters. They’re also there to guide attendees on ways to integrate projects into the Polkadot ecosystem., Parachain side events: Network and learn at the special side events hosted by parachain teams, happening alongside the main program., Recruitment: Connect with startups and developer teams attending sub0 to find a new job or launch your career in Web3., — Join sub0 2022 in Lisbon - Sub0 represents a huge opportunity for connecting in-person with builders and enthusiasts from around the world. Don’t miss your chance to attend by signing up for ticket updates. Sign up for ticket updates Sub0, the Polkadot Developer Conference, comes to Lisbon in November was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Nomination Pools are Live on Kusama!
With the release of runtime v0.9.22, nomination pools have been added to the Kusama runtime. Adhering to the tradition of the Polkadot ecosystem, Kusama is acting as the canary network here and is receiving this update first before Polkadot. As usual, some degree of chaos is expected. Nomination pools are a scaling solution for Polkadot’s NPoS system, specifically to assist accounts with fewer tokens to stake directly on the relay chain(s) rather than needing to go through a third-party service. In short, pools are a collective nomination scheme. Any account can create a pool, with some initial deposit which is used as the pool’s stake. Members can join the pool and increase the stake of the pool. Each pool is a single nomination from the point of view of the staking system. The pool creator has control over managing the pool, including deciding which validator the pool (and consequently all of the members of the pool) select.Pool Incentive Proposal To incentivize the use of nomination pools on Kusama, there’s an ongoing governance discussion on Polkassembly initiated by @kianenigma to support the creation of tips to reward early participation in nomination pools. The tip, if approved, will transfer some funds to the pool reward account, which will then be claimable by all pool members at that point, pro-rata. This is to create an extra incentive for prospective pool operators to operate a pool, and for members to join them, helping to ensure that nomination pools are battle tested before being deployed on Polkadot.Learn more Learn more about nomination pools and how they work in the April and March editions of the Monthly Staking Update. You can also read about nomination pools in the wiki and track upcoming developments on the project github. For support with nomination pools or to join the discussion, visit the Nomination pools support/discussion room in Element.
Polkadot Relayers 2022
Great things happen when incredible people work together, and that’s what Polkadot Relayers 2022 is all about. In association with Tribe, Polkadot Relayers 2022 is a program bringing together developers and entrepreneurs to create a conducive and engaging platform for innovative ideas to come to life. Apply Now What can Polkadot Relayers 2022 offer? Through the program, participants willMeet like minded peers passionate about contributing to Web3Connect with mentors, who will guide participants to refine ideas and scale their business modelsParticipate in workshops with industry experts to learn more about Polkadot and trends in Web3Pitch to potential supporters and apply for grant funding to grow their business Who can participate? Polkadot Relayers 2022 is designed for both developers and non-technical entrepreneurs who have an interest in Web3 and are hoping to be a part of the Web3 ecosystem. There are no geographical restrictions for participants. When will the Polkadot Relayers 2022 take place? Applications for the Polkadot Relayers 2022 are open from May 23rd until June 24th. Selected applicants will go through an interview process and will be informed via email when the application has been approved and confirmed. An opening ceremony on August 2nd will then bring participants together for the course ahead. The course itself kicks off on August 2nd and runs until November 11th. Participants will then showcase their pitches on November 11th to potential supporters and grant committees. What does enrollment cost? Polkadot Relayers 2022 is completely free. The only requirements are that participants fully finish the course. How do I apply? Simply fill-in the form here. Applicants will have to go through an interview process before they are confirmed for a slot on the program.What is Polkadot? Polkadot is a layer-0 protocol and multichain network founded by Dr. Gavin Wood, co-founder and former CTO of Ethereum and creator of the Solidity programming language. Polkadot is a sharded metaprotocol that provides security, scalability, and interoperability to a diverse network of layer-1 blockchains called parachains, connecting them with external networks like Bitcoin and Ethereum via bridges. Polkadot solves many challenges that have hindered the growth of legacy blockchains, from scalability to governance, upgradeability, blockchain customization, energy efficiency, and more.What is Tribe? Tribe is a global blockchain ecosystem builder that connects startups and tech talents with leading opportunities. By working closely with organisations including blockchain protocols, corporates, governments, startups and developer communities, it strives to power the next wave of talent and companies’ leap from Web2 to Web3. Interested in building on Polkadot or Kusama? Get in touch! Polkadot Relayers 2022 was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Polkadot Hacker House in NYC
The first ever Polkadot Hacker House will be held in New York City, between June 23 and 28. This six-day event for developers, coders, engineers and builders will be filled with technical workshops, in-person support, mentorship and networking. Put your hacking hats on because New York, here we come! Make sure to APPLY NOW, only limited seats are available. Polkadot boasts a large and diverse developer ecosystem, with incredible engineers from every corner of the world. A wide range of activities is already available for both seasoned Polkadot builders and new joiners alike, ranging from educational initiatives to hackathons and beyond. The newest addition is the Polkadot Hacker House in New York City! When and where will the Hacker House take place? The event will be held at Industry City in Brooklyn, NY between June 23 and 28. It complements the ongoing Polkadot Hackathon: North America Edition by providing an in-person component to an otherwise virtual hackathon. Who can participate? The Hacker House is designed for a broad technical audience: engineers and developers that are just starting to dive into the Polkadot ecosystem as well as more seasoned Polkadot builders wanting to take their projects to the finish line. All participants of the Hacker House should also make a submission to the Polkadot Hackathon: North America Edition. Are there any prizes? Yes! Hacker House participants should make a submission to the Polkadot Hackathon: North America Edition, which has a combined prize pool of over $570,000. How do I apply? Due to limitations in the physical space, we can only accommodate about 200 participants. Since there are only very limited seats available, please make sure to APPLY as soon as possible. How much does it cost to participate? The Polkadot Hacker House is free of charge for all participants. What does the agenda look like? The agenda will be heavily geared towards builders and developers. A broad range of workshops will provide technical deep dives into various topics, ranging from Substrate, ink! and XCM to parachain-specific development. In addition to workshops, you’ll be able to take advantage of in-person support and mentorship from some of the leading experts in the Polkadot ecosystem. A more detailed agenda will be released soon. What will I get out of it? You’ll be able to massively upgrade your developer skills in the Polkadot ecosystem by joining workshops and getting invaluable facetime with some of the smartest developers in the ecosystem. Equally important, you will be able to grow your network, potentially finding your future colleagues, employers or co-founders. APPLY NOW Polkadot Hacker House in NYC was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
XCMv2 Audit Completed by Quarkslab
XCM (Cross-Consensus Messaging format) provides a fundamental utility for the Polkadot technology stack. It enables seamless communication between blockchains as well as pallets (Substrate runtime modules) and smart contracts (including over bridges and sharded enclaves like Polkadot’s SPREE), fulfilling Polkadot’s foundational objective to be a fully-functioning, interoperable multichain ecosystem. Crucially, XCM is consensus agnostic, meaning it can be used to communicate between blockchains with differing consensus systems, and conceivably even between disparate ecosystems such as Polkadot and Ethereum. Having a common messaging format broadens the scope of projects in the Polkadot and Substrate ecosystem, allowing cross-chain communication, a defining functionality for connecting chains and dapps not necessarily working under the same technology or consensus rules, providing a solid foundation for the future of Web3. For background on XCM, see the recent series of blogs (Part I, Part II, Part III) by Polkadot founder Dr. Gavin Wood examining the importance and functionality of the format.Auditing XCMv2 XCMv2, deployed first on Kusama, Polkadot’s canary network, has now been audited for a second time and is ready for production release. Because of the scope of cross-consensus messaging for the Polkadot network, it is crucial that every iteration of XCM undergoes independent review from external security organizations. Quarkslab has completed a comprehensive second audit (a previous audit was already completed by another security firm) of XCMv2, an overview of which can be found here. The goal of this audit was to discover any potential cross-chain security or fairness issues, including logical bugs, denial-of-service, and incorrect lock/unlock or burn/mint on both chains.The findings Two security engineers from Quarkslab carried out the audit over a span of 50 man-days. They did not uncover any important security issues within XCMv2. Additionally, the scope of the audit included an examination of the underlying security of multiple XCM components. This makes the audit report useful for anyone interested in exploring the inner workings of XCM. A full audit report can be found here.Keep up to date with the latest XCM developments Following the full audit, XCMv2 is ready for production release, and XCMv3 is currently in the final stages of development. For information on using XCM, watch the workshop from Parity’s Shawn Tabrizi. For updates, follow the xcm-format repository on GitHub, follow Polkadot on Twitter and sign up for the newsletter. Interested in building on Polkadot or Kusama? Get in touch! XCMv2 Audit Completed by Quarkslab was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Your path to parachain engineering starts here The Polkadot ecosystem is powered by a diverse developer community. Although there are several hundred active monthly developers around the globe, demand and interest in Polkadot and Substrate engineering continues to grow. This is why Polkadot DevCamps have been created. In association with Tribe, the 1st Singapore Government-supported blockchain ecosystem builder, these coding bootcamps will provide developers with a live and synchronous learning environment that creates a guided point of entry to the Polkadot developer ecosystem. Apply now What does Polkadot DevCamp offer? A curated education program brings together Polkadot experts to help developers hit the ground running with the Substrate technology stack. The Polkadot DevCamp course will cover the basics of Substrate development where the key learning outcome is for developers to be able to build a custom blockchain using Substrate, and have a good grasp on relevant key concepts, tooling and resources. Who can participate? Polkadot DevCamp is designed for a wide range of participants. Aspiring developers wanting to get started with Polkadot and Substrate can apply, including existing developers and engineers in startups or larger corporate structures. Please note that some coding experience is required. This is not a course for complete beginners — familiarity with basic engineering concepts is required. Familiarity with blockchains and Rust is an advantage. When will the Polkadot DevCamp take place? Applications for the first Polkadot DevCamp are open from March 28th until April 22nd. Once applicants have been approved and confirmed they will be assigned to their cohorts. An opening ceremony on April 29th then brings participants together for the course ahead. The course itself kicks off on May 5th and runs until May 26th. Participants have until May 31st to submit their capstone projects. The closing ceremony on June 10th includes certificates being awarded, and brings an end to the Polkadot DevCamp. What does enrollment cost? Polkadot DevCamp is completely free. The only requirements are that participants fully finish the course. This represents a new way of training developers in Polkadot and Substrate, with no financial barrier to entry. How do I apply? There are 20 open slots for the first Polkadot DevCamp. All applicants will need to pass an entry test that assesses their knowledge in the areas of coding and development necessary for the course. Apply here to start the process. What will the Polkadot DevCamp workload look like? The program provides a mixture of live lessons, take-home learning materials, lab work, mentorship and support. The curriculum follows a 21-hour time frame of live lectures, split across seven sessions (three hours each), over 4.5 weeks. Polkadot DevCamp culminates with a capstone project, with participants working on the development of a project from a pre-defined scope of work. Apply now Additional resources Find out more about the Polkadot and Substrate ecosystems by joining the developer community on the Substrate StackExchange, and the Polkadot community Discord server.What is Polkadot? Polkadot is a layer-0 protocol and multichain network founded by Dr. Gavin Wood, the co-founder and former CTO of Ethereum and creator of the Solidity programming language. Polkadot is a sharded metaprotocol that provides security, scalability, and interoperability to a diverse network of layer-1 blockchains called parachains, connecting them with external networks like Bitcoin and Ethereum via bridges. Polkadot solves many challenges that have hindered the growth of legacy blockchains, from scalability to governance, upgradeability, blockchain customization, energy efficiency, and more.What is Substrate? Substrate is a blockchain development framework for building and customizing parachains in the Kusama and Polkadot ecosystem, as well as standalone or ‘solo’ chains. It features a completely generic state transition function and modular building blocks for common blockchain components like consensus, networking, and configuration. By building with Substrate, development teams can significantly speed up production and reduce the cost of building a blockchain, and get much more power and flexibility than building on a smart contract platform.What is Tribe? Tribe is a global blockchain ecosystem builder that connects startups and tech talents with leading opportunities. By working closely with organisations including blockchain protocols, corporates, governments, startups and developer communities, it strives to power the next wave of talent and companies’ leap from Web2 to Web3. Polkadot DevCamp was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Polkadot Decoded: Submit Your Proposal for the Biggest Polkadot Event of the Year
Polkadot Decoded is back for 2022, and is going even bigger and bolder than last year. The annual conference for all things Polkadot — ranging from talks to immersive workshops — has been confirmed for June 29th & 30th, with events at four international locations spanning three continents. This year’s program will offer a full hybrid experience of in-person events in Berlin, Mexico City, New York, and Shanghai, with content also accessible online via interactive livestream.The call for proposals is now open! Like last year’s event, a community vote will help curate the final program for Polkadot Decoded 2022. This is where you come in. In the spirit of decentralization, an open call for proposals (CFP) is being used to showcase ecosystem innovations, champion community initiatives, and educate a global audience on everything going on in Polkadot. Whether you’re building a project in the Polkadot ecosystem, or just have a great idea for a Polkadot-related topic, this is your chance to speak at one of the in-person events and feature on the conference livestream. Submissions are open now until March 21st, after which they go to community vote to help curate the final program. What do you want to showcase at Polkadot Decoded 2022?Choose a format Polkadot Decoded should be an inclusive event for everyone in the community, so it’s important to have a range of presentations for both technical and non-technical audiences, from experienced Polkadot developers to those who are new to blockchain. For this reason, and to make sure the program is diverse and engaging, there are a range of presentation formats for proposal submissions. — The Big Picture. — Presentations appropriate for non-technical audiences: The Polkadot Vision — 20 min High-level visionary talks on the big problems Polkadot solves. For this format, the focus should be on the capabilities of the technology, not the code. Share your vision of Polkadot and let the world know how it can help build a better web and a brighter future. Polkadot in Action — 20 min Share one or more specific use cases for Polkadot and show how the technology helps solve pressing challenges. This could include a use case your own company addresses or potential use cases that others could work on, such as governance, identity, gaming, or asset tracking. Lightning Pitch — 10 min Present your own project to the community in a short talk sharing key information and insight into the problems your project solves. Let the community know why you’ve chosen to build on Polkadot and how the technology helps you meet your project objectives. — Tech Deep-Dives. — Presentations for more technical audiences: Tech Talk — 20 min A deep-dive into the technology and use cases of Polkadot. This format can include a project demo to showcase your work on a technical level or a dive into the technology of Polkadot itself. Project demo proposals must include a link to your project’s Github repo. Workshop — 45 min Go even deeper into the tech behind Polkadot and share your knowledge in a workshop format. Proposals in this category should include an outline of what your educational goals are, i.e. the outcome you want your audience to achieve after attending your workshop. — Off the Grid. — Go off the grid to define your own format: Custom Format — 10–45 min Inspired to present your ideas in a format not mentioned above? Let us know what and how you would like to present, including as much detail as possible. This could be technical or non-technical, but in the spirit of inclusivity presentations aimed at all audiences are preferred.Submission criteriaThe primary language for Polkadot Decoded events is English, but a limited number of presentations in local languages will be accepted for certain locations only (Spanish for Mexico City, and Mandarin for Shanghai). However, these local language presentations will need to be held at the in-person event, and will not be live streamed.All proposals must be submitted in English to facilitate community voting.Proposals must be submitted no later than March 21st 2022, at 10pm CET.All submissions must be related to Polkadot.If you are presenting a project, it must be in active development or be a live product/service, you must have publicly announced the project’s connection to Polkadot, and the project must not be under negative legal, regulatory, and/or community scrutiny.No marketing or sales pitches, please!Be prepared to speak live at our in-person events; no virtual presentations are possible.More than one proposal is welcome, but please complete a separate form for each. Selection process Proposals that meet the guidelines above will be announced in the list of approved submissions by the end of March, and voted on by the community. If your proposal is not listed at that time, that means it did not meet the above criteria. Don’t delay — submit your proposals now and shape the direction of Polkadot Decoded 2022. SUBMIT YOUR PROPOSAL HERE Keep up to date with the latest Decoded news by signing up for updates and other Polkadot news. Polkadot Decoded: Submit Your Proposal for the Biggest Polkadot Event of the Year was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
Get BUIDLING With Polkadot at ETHDenver 2022
Polkadot returns to ETHDenver this year for more creativity, code, and chaos! Meet the teams in person, join the $15k bounty, or check out the talks, presentations, and workshops online; February 11–20, 2022. All free! Polkadot is a lot of things in one decentralized network! At the base it’s a layer-0 blockchain infrastructure that supports multiple self-sovereign blockchains with shared security and interoperability services. In a nutshell, that means blockchains running on Polkadot — we call them parachains — can be optimized from the get-go for anything from DeFi to gaming to smart contracts to privacy…the options are boundless. Many of these parachains can also host level 2 dapps, including Solidity/EVM deployments. With trustless bridges to external networks like Ethereum and Bitcoin, and the ability to interoperate, this opens up an exciting new phase for Web3. Polkadot is built on Substrate, a modular framework for building blockchains. You can use its pre-built components to create and deploy your own blockchain quickly. Substrate enables forkless upgrades, making changes painless as technology and needs progress. Substrate blockchains can be run independently, or can easily plug into Polkadot and Kusama, its wild-cousin canary network. The Polkadot ecosystem also has a great community that includes everyone from experienced devs to people who are just excited by the tech and how it can be used. Come join us at ETHDenver on February 11–20, 2022. This non-stop community innovation festival shares Polkadot’s mission to advance Web3 and build connections. Head to the Polkadot booth in the main venue at the Web3 Castle to meet Web3 Foundation, Parity Technologies, and ecosystem team members. Talk tech or just check out the swag — we’re looking forward to meeting people in real life again! If you can’t attend in person, then sign in virtually for the talks, presentations, and workshops during #BUIDLweek. This year we’ll be hosting a Polkadot bounty worth $15,000. — Schedule of talks and workshops from the Polkadot ecosystem:. — Feb 15, 9–11am: Unique Network: Build an NFT Marketplace in an Hour!Feb 15, 11am-1pm: Phala Network: The Web3 infrastructure beyond smart contractFeb 15, 1–5pm: W3F: Polkadot Ecosystem Open HouseFeb 15, 3.20pm: Moonbeam: WorkshopFeb 15, 3–5pm: Acala: Beyond EVM: Building Sustainable dApps & L1 Networks With AcalaFeb 15, 7pm: W3F: Party with PolkadotFeb 16, 8am-1pm: Parity: Substrate Seminar — Fireside Chat With Polkadot Parachain Builders & Professional NetworkingFeb 16, 1–5pm: Parity: Substrate: Blockchain Framework in Rust — WorkshopsFeb 17, 9–11am: Manta Network: pEVM: Solidity Programmable Privacy Asset Powered by zkSNARKFeb 17, 11am-1pm: Interlay: interBTC — Insured Bitcoin on any BlockchainFeb 17, 1–5pm: Origin Trail: Asset knowledge graphs: BUIDL dApps leveraging advanced querying and discoverability with the OriginTrail Decentralized Knowledge GraphFeb 18, 12pm: Moonbeam: PresentationFeb 19, 12:30pm: Moonbeam: Panel discussionPanel: Feb 19, 12:30 pm. Moonbeam presentation on Feb 18 ~12pm Official schedule can be found HERE. Add all Polkadot events to your calendar HERE. — Polkadot Bounties at EthDenver. — Bounty 1: Pitch the Next Polkadot Parachain Prize: $1500 per team (x5) At this in-person event, each team is tasked with creating a pitch deck (15 slides maximum). It’s your chance to let your imagination run wild and envision what a future Polkadot parachain can do. We’ll be looking for high-level presentations that explain what the parachain does and what problems it solves. It must also feature solid technical overviews as well as a roadmap that explores the future of the project. Bounty 1 Judging criteriaImpact and Usefulness — How impactful and useful is the submission for the Polkadot/Kusama/Substrate and Web 3.0 ecosystem as a whole?Originality, Creativity and Innovation — How new and novel is the submission compared to existing technologies?Mass Usability — How feasible is the idea? How adaptable is it across other integrations?Technical Feasibility — Is your proposed implementation or MVP code viable?Economic Feasibility — Is your idea sound from a game theory and incentive design standpoint?Clarity — How clear is the writing, idea presentation and pitch deck structuring. If there is code that corresponds to the deck, it will be taken into account here (for code submission requirements see bounty #2). Bounty 1 Submission requirementsThe submission must be tied to the Polkadot/Kusama/Substrate ecosystem (parachain in the Polkadot and/or Kusama ecosystem, built with Substrate)Max 15 slides, publicly availableEnglish language Bounty 2: Build a Polkadot Parachain Using Substrate Prize: 1st Place — $5000 / 2nd Place — $2500 This competition is for the virtual portion of the ETHDenver hackathon. Entrants are tasked with building a Layer-1 blockchain using Substrate, so dream big! With Substrate, it’s possible to build incredible innovations on Polkadot. Be sure to consider its usefulness, accessibility, as well as all the other important details (full list in the link below), and who knows, it could one day become a fully-fledged Polkadot parachain! Bounty 2 judging criteriaImpact and Usefulness — How impactful and useful is the submission for the Polkadot/Kusama/Substrate and Web 3.0 ecosystem as a whole?Originality, Creativity and Innovation — How new and novel is the submission compared to existing technologies?Technical Difficulty — What level of skill or knowledge is required to build the submission?Mass Usability — How feasible is the idea? How adaptable is it across other integrations?Economic Feasibility — Is your idea sound from a game theory and incentive design standpoint? Bounty 2 submission requirementsThe submission must be tied to the Polkadot/Kusama/Substrate ecosystem (parachain in the Polkadot and/or Kusama ecosystem, built with Substrate)The submission must be one of the following formats:a live running site or running chain and provide an endpoint, if you are running a substrate chain or ideally already connected to Rococo (highly recommended)a Docker image (highly recommended)a Linux executable (discouraged)code with detailed build instructions (strongly discouraged)Use the latest version of Substrate and use the latest release of Polkadot available for testing on RococoInclude in your submission’s README.md file:Project titleProject description (minimum 150 words)Explanation why this is an ideal fit for a parachain, not just a solo chain.Create a video that includes footage that clearly explains your submission’s features and functionality through a comprehensive demonstration (max 5min, required)All code must have an open source license (GPL, MIT, Apache, and Unlicense are accepted, others may be considered on a case by case basis)Provide a way to access the project for judging and testing by including a link to a repo hosting the application’s code and any other deployment files and testing instructions. Resources for both bountiesSubstrate documentation — learn how to build your own blockchain in hoursPolkadot Wiki — the source of all knowledgePolkadot discordETHDenver Discord (Polkadot sponsor channel)Technical Explainers on YouTube by our great educatorsSubstrate Seminars on YouTube by devs and projects in the ecosystemPolkadot Github, andSubstrate Github Get BUIDLING With Polkadot at ETHDenver 2022 was originally published in Polkadot Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Polkadot (#DOT) News
|Polkadot Price Drops On Chart With Resistance At $6.80, What's Next?
Polkadot price had touched the $8 price level before the bulls lost steam and fell on the one-day chart. DOT travelled 3.6% lower in the last 24 hours on its chart.
Over the past week, DOT had gained some value, but most of that was nullified at press time.
The Polkadot price was making a recovery over the last two days as it had declined before that. Buyers had stepped in during the recovery period.
At the time of writing, however, buyers had exited the market again. The technical outlook for the coin was bearish, with sellers taking over the market.
The support zone for Polkadot price stood between $6.16 and $5.52. A fall below the $5.52 mark could bring DOT down below the $5 mark.
As Bitcoin's bulls fizzled out in the market, most altcoins that registered gains also started to lose their bullish momentum.
If demand for DOT increases on its chart, the coin can attempt to revisit its immediate resistance mark. If buying power continues to fall, DOT will return to its local price support line.
Polkadot Price Analysis: One Day Chart
Polkadot was priced at $6.29 on the one day chart | Source: DOTUSD on TradingView
DOT was trading at $6.29 at the time of writing. The bulls tried hard to defend the price of the altcoin at $8, but buying strength fell, and it caused the altcoin to fall on its chart.
The Polkadot price will witness a tough price ceiling at the $6.80 mark as the coin has been rejected at that level a couple of times in the past.
A move past the $6.80 level will help...
|Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT?
Polkadot (DOT) - which is seen to be on a winning streak in terms of social media metrics and development activity - has been on a retreat recently.
DOT social media metrics nosedives
Polkadot’s decline in developer activity could leave a bad taste in the mouth of investors
DOT’s NFT volume off to as high as 1.64 million on September 24
Is this sudden drop in both metrics just a temporary hiccup or could be a warning signal to investors?
Judging by the chart below, DOT price was seen to have nosedived in terms of development activity in the past few days. It’s surprising as Polkadot has been outpacing other cryptocurrencies over the past week but seems to be losing steam now.
DOT Social Volume Down, Bearish Movement Looms
The reduction in terms of development activity hints at the lack of developers working on Github. Evidently, this lack of development activity could leave a negative impression on investors.
DOT’s social volume has capsized which could likely trigger an enhanced bearish movement. Notably, there is also a drop in DOT’s social media engagement in the past few days. The social metrics of Polkadot are seen to have nosedived by 12.6% as seen in the past month. More so, its weighted sentiment has also dropped below 0. These on-chain metrics show the increasingly negative sentiment circling DOT.
Despite DOT looking intensely bearish, the crypto has seen a massive improvement in terms of NFT. With that being said...
|Polkadot Suffers 10% Weekly Loss On Hawkish Fed – Time To Buy DOT?
To shed light on the protocol's successes, Polkadot insiders have been providing key data. As it stands, these accomplishments are very helpful to the overall 'well-being' of DOT. However, the coin's value has been down alongside the rest of the crypto and financial market.
Is this downturn going to be a great chance to buy for investors?
Markets are under intense selling pressure. The worry that the year-on-year inflation news on September 13 caused is still with us today.
The overall market cap for DOT fell by 15.3 percent, from $8.75 billion to $7.44 billion. Polkadot has shed 10% weekly loss on the heels of the U.S. central bank's not so rosy inflation assessment. As of this writing, DOT is trading at $6.33, down 8.6 percent in the last seven days, data from Coingecko show.
These figures are not the only ones affecting market prices. Inevitably, the current interest rate hike of 0.75 percent by the Federal Reserve is seen to have a negative effect on the pricing. If things get much worse, this will have a negative impact on the value of DOT.
How Soon Will The Price Rally Occur? Is there any way for DOT to recover quickly despite the general gloom in the financial markets?
If one looks at the daily tick indicators, one can see that DOT has been met with resistance around the $8.06 mark.
The price drop on September 13th is consistent with this. Once again, the price was rejected after reaching the $7.07 price resistance, sending it tumbling to the $6.12 support le...
|Will Polkadot Network Progress Give An Ailing DOT Renewed Vigor?
Polkadot has proven successful in a number of areas recently. Data from Santiment shows that there has been a dramatic increase in development on Polkadot.
But does this mean a brighter future for Polkadot? Data shows that the highest amount of transfers occurred on September 16.
In addition, there's even better news. Parallel chaining is likewise very active. The volume of transactions using these secondary chains on the Polkadot main chain is an indicator of this action.
The GLMR token from Moonbeam and the MOVR token from Moonrivers are two of the most well-known.
Polkadot Investors Up In Numbers
Investments on Polkadot are also at an all-time high, with DFG coming in first place with 52 active projects.
While these claims certainly sound promising, how will they impact DOT's market presence? The coin's performance on the market has improved, thanks to recent changes.
Investor confidence in Polkadot's ecosystem and native token DOT can increase if the crypto market recovers with the broader financial markets.
Both the DeFi and the more conventional financial markets are experiencing unfavorable market circumstances that make price changes unlikely. The recent increase in interest rates by 0.75 percent exacerbates the already intense selling pressure.
DOT Challenged By Adverse Market Conditions
Fear caused by recent CPI data is still evident on the charts as bears continue to test the lower part of the Donchian channel. Even though bulls are a...
|Dogecoin Surpasses Polkadot – Can DOGE Maintain Its Aggressiveness...
Traders should definitely keep their eye on Dogecoin (DOGE) as the popular dog meme coin hints at a 30% rally in the coming days.
DOGE hints at a 30% rally in the coming days
Dogecoin blazes past Polkadot with a wide difference seen at around $576.235 million
DOGE price spiked by 2.25%
As the second biggest proof-of-work blockchain network and the 10th largest crypto in terms of market cap, DOGE seems unstoppable at this point. Since September 18, Dogecoin has been expected to blaze past Polkadot with the demarcation seen at roughly $576.235 million.
According to CoinMarketCap, DOGE price has surged by 2.25% or trading at $0.05813 as of press time. The recent decline seen in August has propelled many traders to buy DOGE at a low price.
Bulls To Overtake Bears With 30% Rally
Judging by the 8-hour chart, the Fibonacci Retracement tool shows the August high registered at around $0.092, and it's recent low spotted at $0.054, demonstrating a retracement by 63.4% at the $0.08 level.
If the on-chain metrics are accurate, the bears may be hit hard with a 30% price rally. More so, the 4-hour chart also shows mild indications of a bullish divergence implying Smart Money penetrating the market.
DOGE’s sudden spike may be due to the increase in volume seen in the past few days. The meme coin’s trading volume is seen to bolster from 202.16 million hitting 344.5 million. One of the reasons for DOGE’s growth could be attributed to the meme coin exhibiting an uptick in i...
|Polkadot Watch: Will DOT Succumb To Sharp Sell-off In Next Few Days?
The native token of Polkadot has dropped significantly in the last few days. The fate of DOT rests in the hands of its traders and investors as the correction period in crypto markets drags on.
Based on recent price actions, some are predicting that DOT coin prices will fall to the $6 per coin support level.
Some analysts believe sellers have the upper hand as the 20-day exponential moving average ($7.38) is curving down and the relative strength index (RSI) is in the negative zone.
The key support for the DOT/USDT pair is at $6 if the bears lose their grip, and the price drops below $6.79.
Interestingly, as of this writing, Polkadot (DOT) is trading at $7.11, up 1.3% in the last seven days, data from CoinMarketCap show.
Polkadot Bulls Try To Stand Their Ground
It is expected that the bulls will defend this territory vigorously, according to market experts.
After reaching its apex earlier this year, the market has been steadily declining ever since. However, current market data suggests that the bulls have been engaged in a grueling struggle.
Some of the top 100 coins have had a good week in the market, according to Coingecko's most recent data.
DOT is one of these coins with an excellent seven-day performance of 3.4%. This has been a pivotal moment in the recent market activity of the crypto.
The coin's 1-day price movement has been robust, but this may be a temporary reprieve for DOT. Recent coin analysis has demonstrated that the market is currently be...
|Biggest Movers: DOT, LINK Rise to Multi-Week Highs on Monday
Polkadot rose to a multi-week high to start the week, as price increased for a second straight day. The token briefly broke out of a key resistance point, during Monday's surge. Chainlink also moved to its highest point in nearly two weeks, with the token now trading nearly 13% higher in the last seven days.Polkadot (DOT)
Polkadot (DOT) was higher for a second successive session, as prices of the token neared a two-week high.
Following a low of $7.21 on Sunday, DOT/USD surged to an intraday high of $7.61 to start the week.
The move saw polkadot briefly break out of its long-term resistance level of $7.60, before swiftly retreating.
As seen from the chart, this resistance point has historically been a point of uncertainty, with bears recently dominating sentiment around this area.
Since earlier highs, DOT is now trading at $7.52, as bulls opted to secure gains shortly after colliding with the aforementioned resistance.
Bulls will likely continue to target a breakout, with the higher ceiling of $8.10 a potential exit point.
Chainlink (LINK) was also higher on Monday, as it too moved closer to its strongest level in the last two weeks.
LINK/USD surged to a high of $7.25 to start the week, which is the highest point it has hit since August 25.
As with polkadot, Monday's move led to a breakout, with LINK surging past its ceiling of $7.20.
The move came as another resistance level was broken, this being that of the 14-day relative strength index (RSI).
As of wri...
|Polkadot Dev't Activity Up In Last 7 Days, Despite Steady Drop In DOT Pr...
As the price drops to $7.55, the Polkadot (DOT) price analysis suggests that the trend is still bearish.
Polkadot price analysis reveals a downward trend
DOT/USD has looked for support at roughly $7.49
DOT/USD is encountering resistance at $7.74
Previously trading at about $7.74, Polkadot is now looking for support at about $7.49.
The price of DOT/USD is still facing resistance at $7.74, but if it drops below $7.49, it might find support at $7.32. and $7.05. If it declines below that, it might find support there.
Around these levels, Polkadot might feel some selling pressure, but if it manages to hold above $7.49, it might start to see some buying interest.
The fact that DOT has a multitude of parachains underpinning its decentralized web goals has helped it to stay relevant in the cryptocurrency ecosystem.
According to data by Coingecko, DOT is trading at $6.93, down 5.5% in the last seven days.
Santiment data shows that after August 20, DOT's development activities spiked dramatically. Its price, however, has not held up so well, falling by 11.31 percent over the past week.
Polkadot Announces Deployment Of New Parachains
The multichain network has shown that the Polkadot architecture is not as constricted as many people may have thought. More so, Polkadot recently announced the deployment of many new blockchains with ParityTech.
The declaration states that new parachains will be implemented to enable organization. If these parachains are successfully activat...
|Polkadot (DOT) Hits The Brakes At $7.34 After Brief Recovery
Polkadot (DOT) price shows that the coin has finally latched on to its support zone.
Polkadot price analysis looks extremely bearish
DOT/USD resistance at $7.79
DOT/USD support at $7.05
The bulls did a clap back and were able to rebound as DOT dodged further downtrend that falls below $7.22 and instead went for a range upwards or shooting towards $7.42.
ADA showed some recovery but provided the necessary support for the coin’s price. With the prevailing intense selling pressure in the market, a downtrend was apparent for ADA that has been lingering for more than a week now.
According to CoinMarketCap, the DOT price has swerved down again as it dropped by 3.65% or is trading at $7.14. Evidently, the coin has corrected and had dipped lower at it was priced at $7.34 a few hours ago.
Polkadot Bears Smacked the Bulls
From a 24-hour perspective, Polkadot's price reveals the presence of intense selling pressure that has resurfaced due to the reduction in coin price.
The bears were also able to smack the bulls that were acing it yesterday as increased selling pressure has been noted today.
With the bears pummeling the price downward, DOT price slumped to $7.34 which sets the next support at $7.05.
The coin is said to have gained 1.15% profit overnight due to the coin’s bullish streak yesterday. On the other hand, DOT lost around 19.76% in the past few days due to intense selling ac...
|Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid...
Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54.
DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54.
DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over the past few days.
Today, DOT/USD is trying to test the $9.87 key resistance level which is pretty strong. However, if the bulls continue to push further then DOT will have no problem breaching this critical resistance zone.
DOT Price Pumped To $9.54
On the 24-hour timeframe, DOT price has shown a boost in price value as it pumped its price to $9.54 a few hours ago.
According to CoinMarketCap, DOT is now trading at $9.49 or showing an impressive spike of 2.20% as of this writing. DOT price was down by a trickle in a few hours but is still on the green lane. The DOT/USD pair has shown a remarkable 10.05% gain in terms of value as seen in the past week which hints a continuation of the bull run.
On the flip side, trading volume for DOT tremendously fell by 12.66% which shows some weak spots in terms of momentum.
DOT/USD pair shows increased volatility as seen in the expansion of the Bollinger bands. The price is seen to be trading the upper limit with $9.99 as the current key resistance, and the lower band or $6.84 poised as the current support zone for the coin.
More so, the EMA is spotted at $9.10 with RSI at 64 w...
|Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, ...
Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT.
*Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and Kraken's staking platform.
The addition of five more cryptocurrencies expands the verification of Kraken client balance coverage to 63% of the total assets held on Kraken. The firm says it plans to continue including additional assets in future Proof of Reserves audits.
A Proof of Reserve audit is an accounting procedure that cryptographically verifies cryptocurrency holdings and account balances. The results of the most recent audit were again verified by the top-25 global accounting firm, Armanino LLP.
This latest audit determined Kraken securely held all of the above assets belonging to clients on its exchange, as well as held in its on-chain and off-chain staking services.
'...don’t just take our word for it. We have always focused on security and our latest Proof of Reserves audit enables clients who held these assets on the exchange to independently verify their Kraken balances are indeed backed by real assets secured by our global exchange.'
- The Kraken Team
As quoted, Kraken now provides the tools needed for clients to independently affirm the results of audits. To learn more about this process and Proof of Reserves in general, see the details on Kraken's website.
|MyEtherWallet launches multi-chain wallet extension for Polkadot (DOT): ...
MEW (MyEtherWallet), a platform to access the Ethereum ecosystem, has announced the launch of a new cross-chain browser extension, Enkrypt, which will support transactions across Ethereum and Polkadot.
For the first time, MEW users will gain access to Polkadot, the sharded protocol enabling blockchains to operate seamlessly together at scale. Enkrypt supports MEW's goal to provide secure, private, and seamless access to dApps, NFTs, staking services, and more.
The web extension was built with the support of the Web3 Foundation, a Swiss organization that has issued more than 400 grants to projects building on the Polkadot and Kusama networks.
'Interoperability between blockchains has been top-of-mind for MEW users and is a pivotal step towards broader crypto adoption. Our Enkrypt extension aims to improve the overall user experience of interacting in the multi-chain ecosystem to empower users to access the best parts of Ethereum and Polkadot.'
- Kosala Hemachandra, CEO & Founder of MEW
Developers believe the pending merge for Ethereum will help facilitate the growth of web3 by making it easier than ever to participate in the operations of the blockchain.
MEW's Enkrypt extension recognizes the potential of the merge to create more enthusiasm to interact with Ethereum across other blockchains, including Polkadot (DOT).
At launch, MEW's Enkrypt web extension will allow users to:
Transact assets across Ethereum (ETH) and Polkadot (DOT) ecosystems
Available on Google Ch...
|A Breakout Above This Level Could Help Polkadot Recover On Chart
Polkadot has witnessed continued downfall in price since the last month. It has now established its support level at $6.30, however, the coin has been trading very close to that support level. After it broke below the $6.66 support line, the coin has spiralled downwards.
It retested the $6.30 level the past month. Technical outlook for the coin displayed build up of bullish pressure. The price of the altcoin has remained sandwiched between the $6.58 and $6.30 levels over the last trading sessions respectively. DOT has continued to face rejections at the $7 level and that had exhausted the bulls on the chart.
Broader market weakness is also to be blamed for DOT's mundane price action. DOT briefly traded below the support line of $6.30 in July which had led to a sell-off on the chart. Indicators display recovery of buying strength. If buyers regain the momentum then there is a chance for DOT to climb above its immediate resistance mark.
Polkadot Price Analysis: Four Hour Chart
Polkadot was priced at $6.53 on the four hour chart | Source: DOTUSD on TradingView
DOT was trading at $6.53 at the time of writing. If the coin manages to trade at this price level for a significant period of time then it might topple over the $6.66 resistance mark. Once it moves above the $6.66 mark, Polkadot can attempt to revisit the $7 price ceiling.
If Polkadot trades above $6.80 then it could invalidate the bearish thesis for the coin. On the flipside, being stuck at the present price level ...
|Biggest Movers: ATOM, DOT Hover Below Key Resistance Levels on Saturday&...
ATOM and DOT were trading in a sideways trend on Saturday, as crypto markets were mainly in consolidation mode to start the weekend. The majority of the cryptocurrency top 100 was marginally lower, as traders seemingly consolidated their gains from this week's action.
After almost ten consecutive sessions of higher highs, ATOM was consolidating to start the weekend, as traders seemingly secured gains.
The token rose to an intraday top of $9.34 to start the weekend, as bulls continue to move towards the $10 mark.
Saturday's moves comes less than a day from prices trading at a low of $8.93, to now on the cusp of a potential breakout.
Over the last three weeks ATOM/USD has almost doubled in value, climbing from a floor of $5.48 on June 18, to its current point today.
This rally came following a crossover of the 10-day and 25-day moving averages (MA), respectively, which enticed traders to take long positions.
However, with the RSI now running into a wall at its 58.38 point, some of this momentum may slow, with traders instead taking profits, rather than maintaining open positions.
Following a slow start to the day, DOT shook off market uncertainty to marginally rise during today's session.
DOT/USD surged to a peak of $7.35 to start the weekend, which follows on from a low of $6.97 on Friday.
Today's action now sees DOT moving closer to a ceiling of $7.50, a point it has not broken in the last ten days.
Whilst prices have consolidated below this ce...
|peaq launches open-source Polkadot ecosystem blockchain explorer
peaq, an open-source blockchain development, incubation & deployment lab, today launched peaqScan, an open blockchain explorer built on Substrate for the Polkadot and Kusama ecosystem.
The explorer is now available on peaq’s GitHub.
'We didn’t find an open-source blockchain explorer that we could easily clone and adjust to our needs - so we built one. In doing so, we’re giving something back to the Polkadot community that has already given us so much support. As of now, the features and functionality are relatively basic but we will continue to develop them further.'
- Leonard Dorloechter, Co-Founder of peaq
Importantly, peaqScan enables users to display all kinds of information related to the Economy of Things being built on the peaq network, with a special emphasis on creating a great user experience.
peaqScan reads blockchain data from specified network addresses and displays it in a way that makes it easy to know what is happening on the network at any time. Real-time chain data is fetched directly from the network using the PolkadotJS API. It includes information like chain height, number of finalized blocks, latest blocks, latest transfers, total issuance, etc.
Historical chain data such as lists of events, transfers, extrinsics, and more, are fetched from Subsquid, a data aggregation infrastructure. Subsquid provides an aggregation service that pulls on-chain data and stores it in a database enabling fast searches, filters, and list pag...
|Polkadot Under Strong Bearish Influence , Will The Nearest Support Level...
Polkadot continues to face downtrend on its chart as broader market strength also remained low. Over the last 24 hours, DOT lost close to 8% of its market value invalidating weekly gains that DOT secured. Technical outlook for the coin indicated bearish price action.
In accordance with the same, it is likely that the coin might not be able to hold itself above the $6 support level. The coin has been witnessing stiff resistance at the $7.20 mark. Only if the coin manages to trade above $7.20 for a considerable period of time, the bulls could be back.
On the developmental front, Polkadot is introducing a new on chain governance model. Gavin Wood, Polkadot founder announced about the on chain governance model as a part of the Polkadot Decoded 2022 conference.
The primary goal of this new governance model is to ramp up the number of collective decisions the governance structure is able to make. The newest development is yet to have any positive effect on the price of the altcoin.
Polkadot Price Analysis: One Day Chart
Polkadot was priced at $6.70 on the one day chart | Source: DOTUSD on TradingView
DOT was trading at $6.76 at the time of writing. The nearest support line for the coin is at $6. The sellers have taken over so the coin can soon slip below the aforementioned price level.
Fall below the $6 support level will make DOT hit a new low this year, the coin might trade near the $4.20 support line. Overhead resistance stood at $7.20, the coin has struggled to move past that ...
|Polkadot Unveils Proposal for Next Generation of Governance
Polkadot creator Gavin Wood unveiled the next generation of governance for the DOT ecosystem - Gov2. Only after the v2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on.
New Polkadot Governance v2
According to the press release shared with CryptoPotato, the new governance system does not intend to break from the original tenet, where 50% of the total stake in the system should be able ultimately to direct the system's future. It also does not detach from the 'Conviction Voting' introduced in Polkadot that aims to give greater weight to users willing to lock their tokens into the system for longer.
'Where it differs most is how it manages the practical means of day-to-day decision-making, making the repercussions of referenda better scoped and agile in order to dramatically increase the number of collective decisions the system is able to take. Let’s look a little deeper into how it works.'
Focus on Simplifying
The governance system is still in the development phase and focuses on lowering the barriers by removing additional bodies that serve as 'first-class citizens,' such as the Council and Technical Committee - no alternating timetable of proposals, and no public proposal queue. The new system will have only one first-class decision-making mechanism: the referendum.
All users may start a number of referenda at any time, and anyone can vote on these. There are no limitations; however, to make it less cumbersome, Gov 2 presents some featur...
|Bitcoin Spikes to 4-Days High, SOL, AVAX, DOT, and MATIC Soar Double-Dig...
Bitcoin continues with its attempts to recover some of the recently-lost ground and has increased to just over $21,000. However, it has been outperformed by most of the altcoins. Some, such as DOT, AVAX, SOL, and MATIC, have marked massive double-digit gains.
Altcoin on the Rise
Following the massacre that transpired in the past week, and especially during the weekend, the alternative coins have begun their recovery sessions.
Ethereum was among the most substantial losers. At one point, ETH had lost over 50% of its value in about a week and dumped all the way down to $900. Yesterday, though, brought some relief to the second-largest crypto, which reclaimed $1,000. Another daily increase has now pushed it above $1,100.
BNB dipped below $200, but it’s currently above $220 following a 5.5% jump now. ADA has seen a similar increase and trades at $0.5. XRP, DOGE, LEO, and SHIB are also in the green.
The most impressive gainers from the larger-cap altcoins are Solana, Polkadot, Avalanche, Chainlink, and Polygon. All of them are up by double digits on a daily scale.
The overall crypto market cap has added another $40 billion in a day and is well above $900 billion now.
Cryptocurrency Market Overview. Source: Quantify Crypto
The organization behind Cardano said it had decided to postpone the anticipated Vasil upgrade to have time to prepare better.
The DeFi protocol – Bancor – joined the list of other industry names halting services. The projec...
|AscendEX lists new leveraged tokens: ADA, DOGE, DOT, EOS, GALA and LINK
AscendEX, a full-stack cryptocurrency exchange platform, announced today the addition of six new leveraged tokens for trading: ADA, DOGE, DOT, EOS, GALA, and LINK, set to go live June 16, 2:00 a.m. UTC.
For more details on the new listings, see below:
3X Leverage Long
5X Leverage Long
3X Leverage Short
5X Leverage Short
Note: L, short for long, refers to “going long”. S, short for short, refers to “going short”. The numbers 3 and 5 refer to the leverage multiple for a particular token.
On AscendEX, market orders can earn rebates of up to 1.5 bps for injecting liquidity into the exchange, while taker orders pay as little as 3 bps.
The post AscendEX lists new leveraged tokens: ADA, DOGE, DOT, EOS, GALA and LINK appeared first on CryptoNinjas.
|Polkadot At $9.30, But Is There A Chance Of Slight Shift In Trend?
Polkadot has been noting fall in price over the past few days. Although the coin has been laterally trading, there has been continuous dips in the price. Over the last 24 hours, DOT fell by 4.2% and in the last week the coin brought home minor gains.
Broader market weakness can be attributed to most altcoins either trading sideways or moving downtrend. The coin broke below its crucial support of $14 and ever since that Polkadot has been moving south.
Buying strength also automatically faded from the market as the bears took over the price action. Despite the bears strengthening, DOT continued to attempt moving on the upside but the coin was met with selling pressure each time.
The bulls just need to push the price a little above the $9.60 mark after which the buyers could attempt to re-enter the market. This could bring in some relief to the altcoin's price.
Polkadot Price Analysis: One Day Chart
Polkadot was priced at $9.30 on the one day chart | Source: DOTUSD on TradingView
DOT was trading at $9.30 on the one day chart. Polkadot was mostly consolidating but was trying to break past the same every now and then. Bears have gotten stronger as buying strength has fallen. A fall below the $9.30 price mark will cause the coin to rest on the $8.71 support line.
This would mean DOT would touch the price level of August, 2021 again. Overhead resistance for the coin stood at $10 and a push above the same will make the altcoin trade near the $11.87 price mark.
The volume of the coin...
|Decentralized crypto trading & DeFi platform Injective adds support for ...
Injective, the interoperable smart contracts platform optimized for DeFi apps, announced today it now officially supports Polkadot native assets. The integration enables Injective to be a primary gateway for cross-chain Polkadot assets to enter the Cosmos universe.
Support will be made possible via Moonbeam, an EVM-compatible smart contracts platform for Polkadot. Moreover, Axelar will act as an interoperability network that facilities the bridging process.
Polkadot + Injective
Polkadot is a sharded multi-chain protocol that connects a network of specialized blockchains.
Sharded chains are referred to as “parachains” because they run on the Polkadot network in parallel. Polkadot is powered by a shared security model which means that all parachains built on Polkadot are secured by a shared group of validators.
Each parachain on Polkadot has its own special focus. For example, Moonbeam is currently the most popular Polkadot parachain that provides an EVM development environment for users to deeply EVM compatible dApps on Polkadot.
Injective is an interoperable blockchain for building DeFi applications. Injective provides out-of-the-box orderbook and derivatives primitives needed to create mainstream DeFi apps.
Smart contract-enabled apps on Injective are natively compatible with Ethereum and Cosmos IBC while also being able to achieve instant transaction finality. INJ is the native deflationary scarce asset that powers Injective and its ecosystem.
Users of Injective...
|Bifrost wins 18th Polkadot 'parachain' slot to bring cross-c...
Bifrost, a cross-chain liquid staking derivative protocol, has just won the 18th Polkadot parachain slot. Now, Bifrost is planning on bridging from Kusama using the Polkadot infrastructure to bring cross-chain liquid staking to over 80% of public PoS chains.
Note, Bifrost won Kusama's fifth parachain slot on July 20, 2021.
Currently, Bifrost has developed a liquidity derivative for staked KSM in order to promote the capital utilization of KSM in various DeFi scenarios as well as empower the security of the relay-chain consensus and promote the activity of KSM staking.
The Bifrost team intends to follow through on providing standardized cross-chain staking liquidity derivatives to Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot.
'At Bifrost, we believe that multi-chain integration and cross-chain liquid staking is the push the market needs right now. We are excited to have Polkadot’s and our community’s support and to see more projects such as Moonriver or Astar team up with Bifrost in making liquid staking mainstream. The strength in combating the bear market lies in cross-chain cooperation and the Bifrost-Polkadot integration brings us one step closer to achieving this goal.”
- Lurpis Wang, Co-Founder of Bifrost
When Bifrost’s Polkadot parachain goes live, Bifrost will launch derivatives of Polkadot, Moonriver, Moonbeam, Astar, Acala, and Phala. Through Polkadot’s unique cross-chain interoperability, Bifrost can...
|Polkadot Surged Over 4%, What Are The Technicals Indicating?
Polkadot recovered on its chart, over the last 24 hours the coin surged over 4%. Over the past week, the altcoin did not register much price movement.
The altcoin painted a bullish picture today with technical outlook pointing towards a change in price action. The coin regained its lost value quite a bit considering DOT flashed signs of revival.
Polkadot has been breaking past resistance lines one after the other and at the moment the coin could aim at its overhead price ceiling.
Price started to pick up momentum ever since it moved past the $9 price level. The aforementioned price level is now acting as a support level. Buying pressure returned in the market which indicated that DOT was regaining its bullish price action.
Polkadot Price Analysis: One Day Chart
Polkadot was trading at $10.27 on the one day chart | Source: DOTUSD on TradingView
DOT was priced at $10.27 at the time of writing. The nearest price floor stood at $9, the other support lines stood at $8.71 and $7.20.
Overhead resistance for the coin stood at $11.87, the coin had attempted to trade above the $11 so if the bulls push a little harder then the coin can retest the aforementioned level.
If the coin continues to trade above the $11 then the altcoin could manage to trade near the $14.62. The volume of the coin was seen in the green which indicated that the coin was turn bullish.
This also signified that the buying pressure was increasing on the chart.
Polkadot saw an increase in buying ...
|Biggest Movers: DOT Rebounds Following Recent Losses, as RUNE Moves Towa...
Following two consecutive sessions of declines, DOT saw its price rebound on Friday, as it moved away from a multi-week low. While DOT rose away from these lows, RUNE dropped, with the token falling towards them. Prices of RUNE are down by over 10% as of writing.
DOT was a notable mover during Friday's session, as prices rebounded following two consecutive days of losses.
After two days of declines, DOT/USD dropped to a bottom of $8.61 on Thursday, however, it followed that up with a nearly 10% rally today.
Today's move saw DOT hit an intraday high of $9.91, as prices moved away from recent lows which are close to support of $9.05.
Looking at the chart, the next price target for bulls will likely be the ceiling at $10.50, which has mostly held firm for the past ten days.
Whilst it currently tracks at 38.85, bulls will likely be paying close attention to the 39.50 level on the RSI, as it appears to be a hard ceiling.
This could mean that some bulls will likely attempt to push prices above the $10 threshold, then potentially liquidate positions prior to hitting the ceiling.
While DOT moved away from its own support level on Friday, RUNE moved towards it, as prices dropped by over 10% today.
Following a peak above $3.15 during Thursday's session, RUNE/USD slipped to a low of $2.45 earlier in the day.
This low comes as prices break below the recent support point of $2.62, hitting their lowest level since May 12 in the process.
As a result of t...
|After Terra (LUNA) Debacle, Polkadot Founder Urges People to Pay More At...
The collapse of the much-hyped cryptocurrencies of the Terra ecosystem devastated many investors, but not the investment firms that cashed out right before it all came crashing down.
There are many lessons to learn from the failed project as retail traders grapple with devastating losses. Ethereum's co-founder Gavin Wood said that people should pay more attention.
At the backdrop of the World Economic Forum in the Swiss Alpine resort of Davos, the executive said,
'I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem, economy.'
In the interview, Wood also said that the internet has no real concept of legality because it is 'something that is determined by sovereign nations.'
Observing the market-wide rout, Wood said that 'technology cannot prevent people from making mistakes but can help those who want to understand better the facts of the world, and what they're buying.'
LUNA's crash may have gravely exacerbated the declines in the cryptocurrency market this year, but many blockchain companies are breaking stereotypes at the ongoing world economic forum.
Web3 is being thrust into the limelight despite the legacy finance world's apparent contempt for the digital asset industry.
With crypto being a rather hot topic following TerraUSD's at the world's biggest business tables, International Monetary Fund (IMF) Managing Director Kristalina Georgieva hinted at the algorithmic stablecoin TerraUSD and sis...
|Polkadot Partners With Frank McCourt's Project Liberty to Democrat...
Leading interoperability blockchain network Polkadot has partnered with Frank McCourt's Project Liberty on the first implementation of the latter's Decentralized Social Networking Protocol (DSNP).
Democratizing Social Media Data
According to a press release shared with CryptoPotato, the new collaboration will see Project Liberty leverage Polkadot's technology to boost the adoption of its DSNP.
Project Liberty is an initiative designed to build a more equitable and user-friendly technology infrastructure for the internet, dubbed the DSNP. The project is leveraging the power of blockchain technology to democratize social media data, allowing users to determine how their data is utilized.
This latest partnership with Polkadot is geared toward developing the protocol to become a core social layer of the next generation of the internet. It is focused on making high-performance, low-cost decentralized social networking accessible to billions of internet users.
Project Liberty noted that Polkadot shares the same visions and values, hence its excitement to work with the team.
Speaking on the partnership, Project Liberty's founder, Frank McCourt, said:
'We are excited to work with Gavin and his colleagues to bring our shared vision of a healthier web into reality. Not only are they pioneering innovators, but our values are aligned for how the internet should be restructured in a way that empowers users, benefits society, and strengthens democracy.'
Creating a Fairer Foundation fo...
|Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?
Polkadot (DOT) has held itself for sometime at the current price level. The consistent downslide of major market movers have pushed many altcoins near their immediate support and below their nearest resistance levels. Recent market conditions have been quite harsh for investors.
The returns have been questionable. Polkadot (DOT) has witnessed a sharp fall in buying strength owing to the same bearish condition of the market. The coin has been in the limelight in the recent times due to the latest development.
These developments are related to interoperability and features of multi-chain which was announced in the middle of this month. These activities have helped buyers to enter the market. Selling pressure however, continue to outpower buying pressure in the market.
Polkadot now has an ecosystem which is consistently striving to bring new projects through para-chain auctions. It is still uncertain if over the upcoming trading sessions that coin can maintain its price action and touch its immediate resistance mark.
Polkadot Price Analysis: One Day Chart
Polkadot was trading at $10 on the one day chart | Source: DOTUSD on TradingView
The altcoin was priced at $10 at the time of writing and after several rejections from the $11 level. Nearest support level for the altcoin stood at $8 and a fall beneath that could land DOT near $6.26. Over the last 48 hours, DOT broke below its 10 month long support line.
In the past 24 hours, the coin tried to move northwards but the bulls have...
|Biggest Movers: ATOM Remains Close to 1-Year Lows, as DOT Declines 8%
ATOM moved closer towards a one-year low on Wednesday, as prices dropped by nearly 10%. This came as DOT also declined during today's trading session, when global crypto markets fell by over 3% as of writing.
On Wednesday, ATOM was one of the biggest movers in the session, as it fell by nearly 3% lower during hump-day.
ATOM/USD slipped to an intraday low of $10.47 during today's stretch, which came following a peak of $11.73 on Tuesday.
This bottom saw prices move towards their long-term support level of $10.30, a level which was established last week, after prices dropped to multi-month lows.
As of writing, prices are down 8.46%, with the 14-day Relative Strength Index (RSI) also lower, trading almost below 30.
Looking at the chart, the index is marginally above 30, after failing to break beyond its own resistance level of 33.
With prices being so close to a floor, the automatic view would be that we are set for a drop, which could see us recapture recent one-year lows.
DOT was also down during hump-day, as prices slipped by over 8%, with prices falling for two of the last three days.
Following an intraday high of $11.14 over the course of Tuesday's session, DOT/USD dropped to a low of $9.78 earlier today.
As prices declined, bears began to outline potential target points, with the floor of $8.40 a level of interest for those expecting further declines.
This support level was first established six days ago, when prices fell below $7, hitting ...
|Polkadex Locks in Polkadot Parachain Slot by Allocating Nearly 1 Million...
Since the 21st of November 2021, the team at Polkadot has conducted regular DOT-based auctions for one of the coveted slots in their parachain network. There are plans for 100 parachain slots, give or take. Auctions for the first 41 have already been planned, with one happening roughly every ten days.
The 16th auction started on the 29th of April and ended on the 6th of May with a victory for Polkadex, an order book-based DEX with support for Polkadot, Ethereum, and the proprietary blockchain. This makes it the latest project to stake its growth for the foreseeable future on Polkadot, alongside projects like Acala or Moonriver.
16th Slot Goes To Polkadex
In the wake of their participation in the latest Polkadot Parachain Auction, the team at Polkadex announced securing one of the coveted slots for nearly two years – 96 weeks, to be precise. Following a 2-month long onboarding period, Polkadex will lock in their spot on the Polkadot network on the 4th of June.
As a decentralized exchange (DEX), Polkadex has already benefitted from the freedom afforded by this particular business model. But the project's goal is to go beyond the parameters of regular DEXes, the statement shared with CryptoPotato reads.
The team argued that what sets them apart is the goal of pairing DEX-tier freedom with the accessibility of the centralized exchanges (CEXs) that a sizable portion of investors flocks to.
Polkadex has already partnered with big-league names like Equilibrium, Kraken, and KuC...
|Bitcoin Stalls Below $30K, Polkadot Recovers Another 7% (Weekend Watch)
Bitcoin has calmed just under and around the $30,000 level after the recent massive volatility that brought the asset south by five digits. Most altcoins are also quite stagnant on a daily scale, with a few exceptions, such as Polkadot, Bitcoin Cash, and Monero.
Bitcoin Stands Still Below $30K
The past ten days were nothing short of a volatile rollercoaster for bitcoin and the rest of the market. The largest digital asset stood close to $40,000 before it plummeted by $4,000 in a day. It dumped further more in the next couple of days and found itself struggling to remain above $30,000 by May 11.
However, it seemed almost inevitable that it will break below that level, and it did on May 12. At that point, BTC slumped by nearly $5,000 to its lowest price position since December 2020 at $25,300 (on Bitstamp).
After this $15,000 drop in about a week, it reacted well and recovered $6,000 in a day, briefly tapping $31,000. Nevertheless, it failed there and retraced below $30,000 where it's currently sitting. As such, its market cap stands at just over $550 billion.
BTCUSD. Source: TradingView
Altcoins Stall, DOT Soars
The altcoins went through something quite similar to bitcoin. Ethereum traded at $3,000 earlier in May but dumped to a multi-month low at $1,700 during the correction's most violent day. It bounced off at that point and reclaimed the $2,000 line days later.
Binance Coin is close to $300 now, after dipping to $230 days ago. On a daily scale, though, most larger-cap alts...