Right now, we’re partnering with the Polkadot Community to speed up the adoption and decentralization of Polkadot tokens (“DOTs”) because it goals to unravel the challenges of cross-blockchain interoperability and create a brand new paradigm for on-chain governance.
When the mixing is full, Blockchain’s over 41M Wallets is not going to solely be capable of retailer, ship, and obtain DOTs, but in addition drive the community’s governance by voting on key questions like proposed amendments to the community protocol and council members.
These questions have usually been reserved for networks’ miners, however Polkadot turns conventional governance on its head. It empowers customers to regulate and improve the community to adapt to market wants, with out having to resort to a tough fork.
However that’s simply scratching the floor of what the Polkadot Community can do for the way forward for crypto.
New to Polkadot? Right here’s what you want to know:
Polkadot, introduced in 2017, is the primary venture by the Web3 Basis and one of the crucial anticipated networks to launch. Its first implementation is being developed by the founders of Parity Applied sciences, Dr. Gavin Wooden, who additionally co-founded Polkadot and Ethereum, and Dr. Jutta Steiner, CEO of Parity and Ethereuem’s first Safety Chief. Its workforce is making a scalable, governable protocol that allows interoperability between blockchain networks.
“Polkadot is precisely the kind of purpose-driven community we’ve at all times supported at Blockchain,” says Peter Smith, Co-founder and CEO of Blockchain. “The workforce behind the venture has a wealth of expertise, and shares our imaginative and prescient for a decentralized future the place customers are in management.”
In a world with many alternative blockchain networks, communication between them will likely be important and will produce a few of the largest outcomes in cryptocurrencies. The power to attach totally different blockchains will energy many revolutionary and significant capabilities that may unleash the potential for disruptive functions.
We’re excited to be bringing the Polkadot Community into your Blockchain Pockets. Keep tuned right here for updates on the mixing, together with when you need to use DOTs.
To learn extra in regards to the Polkadot Community, click on right here.