Ethereum Killer Polkadot About To Showcase its Potential

After the highly anticipated July 2020 mainnet launch, Polkadot is ready to showcase its real potential in front of the thriving DOT community. According to the official announcement, the network will hold its first official event, Polkadot Decoded, on December 3, 2020. This will be a one-day virtual event and will feature blockchain innovators like Ampleforth. As a no-fee event, it might continue to be a mainstay event on the calendar.

The highlight of the event will be the Ampleforth representatives talking about the potential of DeFi on Polkadot. It is being anticipated that Ampleforth and Polkadot might be entering into a deeper relationship. Furthermore, the event will showcase platform’s ecosystem, governance, and the workings of parachains. In addition to that, major projects like Acala stablecoin and Ontology’s digital ID solution that are being built on the platform will be discussed.

Hot-Cake Interoperability 

Interoperability continues to be the most discussed topic in the blockchain space. Thus, at Polkadot Decoded, interoperability will take the center stage. Some of the notable discussions will be:

  • Snowfork-developed Polkadot-Ethereum bridge
  •  PolkaBTC bringing wrapped BTC to the platform
  • Polkadot in multi-chain future
    DOT Staking Popularity Soars

    According to the recent report by The Block Research, DOT’s native platform is the most popular staking network. The report reveals that DOT worth $3 billion are staked and holders are earning passive income.

    Impressively, over the past 90 days, DOT is the only token to have a positive return in the U.S. dollar, Bitcoin, and ether.

    DOT Price

    In the last 24 hours, DOT is up by almost 13.2%. At the time of press, DOT is trading close to $5.33. DOT currently enjoys a market cap of $4,991,244,271 and a 24-hour trading volume of $484,094,331. Overall, there are currently 933 DOT in circulation and a max supply of just over one billion.

    For more crypto-related updates do check out our Altcoin Buzz YouTube channel.


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