The multichain vision for Web3 starts here.
Notable investors in Tezos (XTZ) include Tim Draper, a well-known venture capitalist and early investor in companies such as Tesla and Skype, and Polychain Capital, a leading cryptocurrency investment firm. What does polkadot crypto do Top 7 Ways to Earn Money Through Ethical Hacking
Polkadot crypto news
DOT Related Posts Those who keep an eye on the cryptocurrency market will likely recently have become more aware of Polkadot and the DOT token. Polkadot made the news last week, by suddenly jumping into the Top 10 Cryptocurrency list - going by market capitalization - on CoinMarketCap. Polkadot is an ambitious project which seeks to lay the groundwork for a polychain Web3 future. To learn more about what that means and what the Polkadot coin represents, read on!
What is the relative popularity of Polkadot?
Polkadot wants to implement what they call ‘pooled security’. Validators verify information in parachain blocks and function in consensus mechanisms. Anything in the Polkadot Relay Chain will benefit from the security found in the validators. Usually what’s found in other architectures are bridge protocols, not a ‘pooled security’. In a bridge protocol, validators are on an island with their own validator set and economic security. This can be exploited with a ‘51% attack’, if bigger coins have more leverage in security in a network, as the lower altcoins would have less economic security. Technical detailsEdit In exchange for putting your DOT tokens at risk, you can earn rewards. Expect stronger yields with Polkadot compared to many other PoS blockchains and staking on an exchange, but expect more complexity as well, staking with Polkadot isn’t always a straightforward process. However, potential returns for staking DOT with a validator on Polkadot is about 14.8%, but staking with an exchange or staking pool like Gemini or Kraken is around 10% to 12%.