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Cosmos ATOM Vs Polkadot DOT – Which is Best?

Altcoin Buzz — Fri, 05 May 2023 04:59:45 +0000

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Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.

Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.

Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.

Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate).

he Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub.

The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.

While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.

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TIMESTAMPS
0:00 Cosmos ATOM and Polkadot DOT
3:50 Blockchain Features
6:01 Consensus Mechanism
8:08 Decentralization
9:42 Recent Developments and News
10:40 ATOM and DOT Tokenomics
11:59 Ecosystem

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The post Cosmos ATOM Vs Polkadot DOT – Which is Best? appeared first on Top Crypto Game.

What is Polkadot DOT? DOT Token Explained | 2 Minutes Crypto 🚀

Altcoin Buzz — Sun, 13 Feb 2022 10:23:51 +0000

Polkadot (token DOT) is a crypto platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.

Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate).

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#polkadot #dot #parachain

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The post What is Polkadot DOT? DOT Token Explained | 2 Minutes Crypto 🚀 appeared first on Top Crypto Game.

Top 5 Altcoins for Maximum Polkadot Parachain Rewards

Altcoin Buzz — Sat, 12 Feb 2022 10:22:37 +0000

Polkadot Parachain auctions started on Nov 11 and have already generated $2.5 billion in DOT investments. But where should you invest your DOT for MAXIMUM crypto rewards? In this video we look at top altcoin projects like Acala Network ACA, Litentry LIT, Astar ASTR, Efinity EFI, Moonbeam GLMR and evaluated each project on the basis of its reward structure.

TIMESTAMPS
0:00 Intro to Polkadot DOT Parachains
2:04 Acala Network ACA
4:50 Litentry LIT
7:15 Astar ASTR
8:50 Efinity EFI
10:16 Moonbeam GLMR
12:17 Summary Table

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#polkadot #dot #parachain

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The post Top 5 Altcoins for Maximum Polkadot Parachain Rewards appeared first on Top Crypto Game.