Home Altcoins News Polkadot (DOT) Network has Lot of Activity Happening with Smart Contracts Buildathon and More

Polkadot (DOT) Network has Lot of Activity Happening with Smart Contracts Buildathon and More

Polkadot DOT network

Chainlink Price Feeds will allow smart contract applications across the Polkadot ecosystem to access accurate, up-to-date and tamper-proof price reference data for powering new products and markets.

Also, Users need to know that Polkadot allows participants to add personal information to their on-chain account? Users can Polkadot Wiki to learn more about setting an identity on Polkadot and the registrars’ role in the process.

Also, Polkadot with respect to Efinity believes that “NFTs should be for everyone. Building with Polkadot will enable to deliver an accessible, scalable solution that empowers everyone to participate in the emerging NFT economy. With the end-user in mind, Efinity will provide a fun, simple, and accessible experience for all.”

It has been clearly stated that to write the next chapter of NFT history, we need a blockchain that not only solves the problems faced today, but opens new possibilities for the #NFTs of tomorrow.

The pinned information that is not to miss is test Parachain Auctions and Crowdloans have launched on Rococo.  To take advantage of it users need ROC, they need to Register to become a Parathread which requires Runtime Wasm + Head Data, takes 2 sessions; 1 hour.

They have relaunched Rococo without the Propose Parachains pallet, and now with Slots, Auctions, Crowdloans and more.  There is a general plan on users should approach onboarding parachains with this new environment.

Reportedly: Lease Period Length: 1 Day = 14400 Blocks; Ending Period: 1 Hour = 600 Blocks; and Current Lease Period Index = Current Block Number / 14400.

Meanwhile, Polkadot Buildathon: India is open for submissions.  Together with LabsLumos they have launched a hackathon with $14,000 in prizes to build new solutions for the Polkadot ecosystem. Participants should sign up before April 24th to take part in the ideation phase happening now. Following the ideation phase will be the building phase.

This is an India-focused hackathon that aims to enable coders and entrepreneurs to create the technology needed for the next phase of the internet, with a prize pool of US$14,000.

For those who are new, Polkadot is built using Substrate, a blockchain-building framework that makes it easy to create a blockchain optimized for any use case.

Also, Polkadot is a next-generation blockchain and layer-0 protocol that focuses on bringing together multiple specialized blockchains into a unified, scalable network.

The network was launched in May 2020 by Web3 Foundation, a Swiss organization that is dedicated to supporting the research and development of Web 3.0.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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