Polkadot (cryptocurrency)
Polkadot Network | |
---|---|
Development | |
Original author(s) | Gavin Wood |
Written in | Rust |
Developer(s) | Parity Technologies, Chainsafe Systems, Soramitsu[citation needed] |
Website | polkadot |
Ledger | |
Timestamping scheme | Proof 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[]
- ^ "Ethereum Blockchain Killer Goes By Unassuming Name of Polkadot". Bloomberg. October 17, 2020. Retrieved July 14, 2021.
- ^ Piven, Ben (13 May 2021). "After Musk Bitcoin U-turn, which coins are more climate friendly?". www.aljazeera.com. Retrieved 5 July 2021.
- ^ 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.
- ^ "Polkadot passes the $140M mark for its fund-raise to link private and public blockchains". techcrunch.com. Retrieved 2018-01-17.
External links[]
Categories:
- Blockchains
- Cryptocurrencies
- Alternative currencies
- Cross-platform software