Record-Breaking Q1 For Polkadot: Daily Active Addresses Hit 514,000 As DOT Price Surges 7%

According to a Messari report, the Polkadot (DOT) blockchain protocol made significant progress in the first quarter (Q1) of the year in terms of market capitalization, revenue, and Cross-Consensus Message Format (XCM) activity, as well as a record increase in daily active addresses. DOTs Market Cap Surges 16% QoQ During Q4 2023, Polkadots market capitalization [...]

The post Record-Breaking Q1 For Polkadot: Daily Active Addresses Hit 514,000 As DOT Price Surges 7% appeared first on Crypto Breaking News.

View Details

Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive

Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai.  Wood introduced the JAM Implementer’s Prize, a 10 Million DOT prize pool, to encourage diverse development of the JAM protocol.  Polkadot Unveils JAM Upgrade According to the announcement, the JAM upgrade aims to replace the relay chain, which acts as the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to run generic services and increase network stability.  Related Reading: Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target The parachains service within JAM will support existing Substrate-based parachains, enabling developers to continue using Substrate to develop and deploy their blockchains.  Notably, these services will have no predefined limits on code, data, or state capacity and can accommodate additional DOT deposits for increased capacity. JAM’s design includes several technical improvements. It replaces WebAssembly with the Polkadot Virtual Machine based on the RISC-V ISA, an open-source instruction set architecture (ISA) used to develop custom processors. It also introduces SAFROLE, a SNARK-based block production algorithm. These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network. On The Path To Decentralization? To realize the vision of a truly decentralized protocol, Polkadot aims to support multiple client implementations. Furthermore, the JAM Implementer’s prize has been established to incentivize and fund projects contributing to the development of JAM implementations. The announcement further reads on the matter: We believe that supporting a range of implementations in various programming languages will strengthen the ecosystems foundation. It distributes the power of protocol implementers more widely and reduces the risk of a bug in one implementation taking down the entire network. The JAM Implementer’s Prize will collaborate with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These initiatives include Decentralized Futures, Grants, and Polkadot’s on-chain treasury.  The prize will be activated when JAM is ratified as a Polkadot technology through the network’s on-chain governance mechanism. Related Reading: Railgun Among Crypto Market Top Gainers: Why Is RAIL 53% Up? Overall, Gavin Wood’s introduction of the JAM upgrade and the associated 10 Million DOT prize reflects Polkadot’s intention to increase the protocol’s use and adoption. JAM’s modular design and incentives for multi-client implementations are also expected to contribute to ongoing efforts to decentralize the Polkadot network.  As JAM development continues, the Polkadot ecosystem welcomes proposals from teams interested in implementing it in various programming environments. Despite the recent announcement, the network’s native token, DOT, has been unable to break the downtrend witnessed over the past month. Currently trading at $6.75, it reflects a significant 24% decline in price over the last 30 days. Featured image from Shutterstock, chart from TradingView.com

View Details

Polkadot is BACK in the Top 10 Biggest Cryptos – Buy DOT?

In this Polkadot price prediction article, we take a fundamental look at the Polkadot project and analyze DOT technically.

View Details

Polkadot Price Prediction 2022: Market Analysis and Opinions

The idea that 2022 could give Polkadot more runway ahead of it as momentum for DOT continues to build will be examined at length in this Polkadot price prediction. While the 300% return made in 2021 is certainly the reason for bullish DOT price prediction, we’ll explore bearish scenarios as well.  Polkadot was on a […]

The post Polkadot Price Prediction 2022: Market Analysis and Opinions appeared first on Coindoo.

View Details

Polkadot (DOT) Circulating Market Cap Rockets To $8.3 Billion, Registers Massive 111% Growth

Polkadot, the computing platform known for its interoperability and scalability, has shown remarkable growth in key metrics during the latter part of 2023, as outlined in a recent report by Messari.  Outpacing Crypto Market Growth According to Messaris findings, Polkadots circulating market cap experienced a remarkable 111% quarter-on-quarter (QoQ) growth, reaching an impressive $8.38 billion.  [...]

The post Polkadot (DOT) Circulating Market Cap Rockets To $8.3 Billion, Registers Massive 111% Growth appeared first on Crypto Breaking News.

View Details

Polkadot Holds Key Demand Level DOT Could Hit $11 In Coming Weeks

Polkadot (DOT) has entered a consolidation phase, trading below the $6 mark after a strong 30% rally since last Friday. This period of sideways movement has brought some volatility, but market conditions suggest DOT might be gearing up for its next major move. Investors watch the asset closely as it maintains a bullish structure despite [...]

The post Polkadot Holds Key Demand Level DOT Could Hit $11 In Coming Weeks appeared first on Crypto Breaking News.

View Details