At this time, we’re partnering with the Polkadot Community to speed up the adoption and decentralization of Polkadot tokens (“DOTs”) because it goals to resolve the challenges of cross-blockchain interoperability and create a brand new paradigm for on-chain governance.
When the combination is full, Blockchain’s over 41M Wallets won't solely have the ability to retailer, ship, and obtain DOTs, but additionally 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 manage 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 it's good to know:
Polkadot, introduced in 2017, is the primary mission by the Web3 Foundation and one of the vital 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 group is making a scalable, governable protocol that allows interoperability between blockchain networks.
“Polkadot is precisely the kind of purpose-driven community we’ve all the time supported at Blockchain,” says Peter Smith, Co-founder and CEO of Blockchain. “The group behind the mission 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 various blockchain networks, communication between them might be very important and will produce a few of the largest outcomes in cryptocurrencies. The flexibility to attach completely different blockchains will energy many modern and significant features that can unleash the potential for disruptive purposes.
We’re excited to be bringing the Polkadot Community into your Blockchain Pockets. Keep tuned right here for updates on the combination, together with when you should use DOTs.
To learn extra in regards to the Polkadot Community, click here.