Polkadot (cryptocurrency)

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Polkadot Network
Polkadot Network Logo.jpg
Development
Original author(s)Gavin Wood
Written inRust
Developer(s)Parity Technologies, Chainsafe Systems, Soramitsu[citation needed]
Websitepolkadot.network
Ledger
Timestamping schemeProof of stake

Polkadot is a sharded heterogeneous multi-chain architecture which enables external networks as well as customized layer one "parachains" to communicate, creating an interconnected internet of blockchains.[1] The network uses an environmentally-friendly proof of stake consensus algorithm.[2]

The protocol was created by the Ethereum co-founder Gavin Wood and is developed by the Web3 Foundation with the initial implementation by Parity Technologies.[citation needed]

In June 2021, Coinbase added Polkadot to its cryptocurrency trading platform.[3][unreliable source?]

Polkadot's first token sale closed on October 27, 2017 raising a total of 485,331 ETH (Ether, the currency of the Ethereum blockchain).[4]

References[]

  1. ^ "Ethereum Blockchain Killer Goes By Unassuming Name of Polkadot". Bloomberg. October 17, 2020. Retrieved July 14, 2021.
  2. ^ Piven, Ben (13 May 2021). "After Musk Bitcoin U-turn, which coins are more climate friendly?". www.aljazeera.com. Retrieved 5 July 2021.
  3. ^ GmbH, finanzen net. "Coinbase adds Polkadot's DOT to its selection of tradable cryptocurrencies, fueling the bull case for ethereum's closest rival". markets.businessinsider.com. Retrieved 2021-07-05.
  4. ^ "Polkadot passes the $140M mark for its fund-raise to link private and public blockchains". techcrunch.com. Retrieved 2018-01-17.

External links[]

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