Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Goldlife on March 02, 2021, 06:32:55 PM
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Polkadot is a scalable heterogeneous multi-chain. Polkadot allows new designs of blockchains to communicate and pool their security while still allowing them to have the entirely arbitrary state-transition functions. Polkadot is a network that connects blockchains.
Provides a framework under which new blockchains may be created and to which the existing blockchains can, if their communities desire, be transitioned- Pooled security- Trust-free interchain transactability When it comes to the blockchain, the level of enthusiasm often exceeds any doubts. For example – if any blockchain is a specific unchangeable chain, how can I transfer my data to another blockchain? The answer is – there are no ways to do it. That’s why Polkadot was created.
Polkadot ICO review[edit]
ICO of Polkadot was so successful, that tokens were over on the third day. The DOT price at that moment was 0.109 ETH, so available 5 million tokens were sold for 485,331 ETH. All tokens are still illiquid – you can’t buy or trade them. All participants if ICO will receive their tokens when and if the Genesis block is be launched in 2019.
Polkadot seems to be a very controversial project. On the one hand, the idea is great and it takes the blockchain technology to the next level. But on the other hand, the investments werefrozen for two years and who knows what will happen. Some experts show doubts that Polkadot team can create a competitive product (famous Ian Balina is among them). Especially when competitors are not standing still (Cosmos, ChainLink, Wanchain, Atomic Cross Chain). Some ICO ratings agrees with them. Polkadot has 2,5 rating on icobench and icobazaar. Icorating also thinks that risks are medium. Really, two years looks like a very long period in the sharp and fast world of blockchain technologies.
More info.https://en.bitcoinwiki.org/wiki/Amp/Polkadot