Notes

Polkadot - Whitepaper released

Polkadot was produced by the World Wide Web Company, IEX corporation, underneath the ownership of the world's leading software provider, Intel Corporation. Polkadot is a recently minted "blockchain" which aims to unite various specialized blockchains in one single united network, thereby enabling them to instantly access each other's proofs-of-work and transactions. Its core goal is to offer users the opportunity to conduct their very own parallel blockchains apart from the established Intel blockchains. However, the company warns that the use of Polkadot must certanly be carefully monitored and controlled since its core function would be to unify the various blockchains under one protocol.


Polkadot is seen being an ambitious effort to re-use existing technologies in a brand new context, namely an international scale. It is meant to bridge the gap between traditional Intel computers and the highly scalable, highly secure and efficient tokenization networks (such as those employed by PayPal, WorldPay, MegaDroid and Traceable) utilizing the Polkadot technology. The idea is to utilize these established standards-based protocols to allow users to utilize their personal computers as if they're attached to the Internet itself. This could enable them to transact in realtime through their computer-based wallets. They are able to also use it as a link to the open-source Stellaris and Ethereum blockchains.


<b> polkadot ico </b> aims to provide an open-source solution for the issues regarding scalability, usability of tokens in general. They're crucial requirements for any project aiming to implement an absolutely featured cryptographic token pool along with an entirely featured Whispernet network as well. Interoperability between those two blockchains, therefore, becomes essential since each one would want to maintain and promote a unique vision of an inclusive ecosystem, including both the decentralized and the centralized modes of operation.


Distributed Ledger Technology. Polkadot was developed by several highly seasoned software engineers and computer science researchers, who made a decision to pool their resources to produce and launch a cutting-edge enterprise level solution to the problems facing decentralized ledger technology. The team was consists of seasoned cryptographers and a variety of other experienced software developers from many different countries. The diversity of the pool of contributors gave the team a great deal of credibility and expertise in the field of cryptography and in deploying solutions for scalability and reliability problems that face decentralized systems.


Platform Solutions. Polkadot's target is to offer a whole and user-friendly open source platform for deploying and coordinating the utilization of multiple blockchains. Through this initiative, the management team hopes to lay the groundwork for a sizable user base and facilitate the evolution of highly scalable and reliable blockchains that may be deployed across a wide range of devices. By doing so, it offers a base that may enable the widespread adoption of cryptocurrencies.


Scalable Solutions. Polkadot's open source approach ensures that it is well suited to scalability issues of any size or shape. Whether it is scalability with respect to the actual number of users or scalability with respect to the total amount of real-time transactions a given chain can process, the team behind polkadot is rolling out a flexible way of addressing these issues. They have also made the code as open that you can, that has further contributed to the increased confidence and reliability of the product in the hands of its users.


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