Polkadot are very clear that the heart of their network is their community. They are set to discuss the facts, faces and flags of the Polkadot community on December 03, 2020.
Polkadot tweeted: “Compete in the Polkadot Decoded “Crack the Code” competition from now on until the Polkadot Decoded online community conference on December 3rd for a chance to win Polkadot-engraved @ Ledger Nano X’s, an iPad, AirPods, and other prizes.”
In this regard, Sydney Ifergan, the crypto expert tweeted: “Polkadot (DOT) are promoting themselves as the holy grail to create and connect blockchains. We need to see the Parachains Bridges and Oracles in action.”
More than $3 million worth in funds have been deposited with Polkadot. More of investors will begin to put their trust in the resilience levels of Polkadot. There are critics who have to state that there might probably be a hole in the ship, believers have to state that if a good project didn’t have a couple of hiccups here and there before its huge, then it wouldn’t be worth it.
A few days ago, Polkadot upgraded to runtime v26. The Changes in this runtime included implementation of pallet versioning, batch_all extrinsic (atomic batches), and validator election calculation improvements.
Polkadot Integrations and Updates
Smart Chain Expansion: The idexio exchange will be expanding to Polkadot and Binance Smart Chain. Thus, every holder of IDEX’s Ethereum tokens will get an equivalent number of IDEX tokens for each of the new chains.
Oracles: DIAdata _ org has begun integrating into the Polkadot/@substrate_io ecosystem, marking the first move to bring DIA oracles to the protocol’s overarching DeFi ecosystem and bring an open-source and transparent data infrastructure to Substrate-based DeFi applications.
Governance Mechanism: SpiderDAO will be underpinned by the Polkadot governance mechanism, allowing to combine on-chain and off-chain governance tools. They aim to bring a new standard of fairness to existing DAO frameworks by bundling multi-layered hardware and software tools on top of Polkadot.
The idea of Polkadot being the next Ethereum is brewing; however, there is far more promising outlook towards DOT than ETH. This is also true in cases of DeFi investors who are looking to invest in DeFi projects on Polkadot.
There was a recent DOT price pullback; however, it is too early to call it Doomsday for DOT. They are just beginning to establish and they are here to stay sustained. Their core idea is promising not only to their ecosystem, but to the blockchain sector as a whole very soon.
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