March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Polkadot (DOT)
Polkadot allows blockchains to transfer value and messages in a unique and secure manner.
Price:
$6.33
Mkt Cap:
$7,080,304,103
View Coin Page
Project Fundamentals
- Polkadot gives independent blockchains the ability to exchange information and transactions freely.
- Polkadot empowers innovators to create solutions, seeking to free society from manipulation.
- As of August 2021, it has a circulating supply of 1.11 billion DOT coins and the total supply is 1.23 billion.
Partnerships / Implementation
- Polkadot has partnered with Chainlink (LINK) to utilise its Oracle network, allowing data to connect with the blockchain allowing the integration of smart contacts into the blockchain.
- Polkadot has recently enabled holders of the coin to stake and earn rewards through the Ankr (ANKR) StakeFi parachain .
- This is key for investors as it attracts investors looking to earn passive, long-term returns for holding the DOT coin.
Roadmap and Announcements
- Polkadot is looking to launch and rollout various parachains this year .
- The Proof of Authority mode (PoA) will enable users to claim tokens from the Ethereum contract and stake tokens.
- Aug 29, 2022, Coindesk: Polkadot Parachain Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero
- On the 31st of August 2022 Polkadot’s development activity rose to a three-month high
- In September 2021, Tether revealed their USD Stablecoin was live on Polkadot
Technical Analysis
More Bright Ideas
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Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 24, 2023
Fantom (FTM)
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.
February 22, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 21, 2023
Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
February 20, 2023
Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
