DeFi & NFT
By Sydney TheCMO
1 / 10
The crypto gods seem to be smiling down on DOT holders this week judging by the cryptocurrency's bullish performance and the latest update which has major positive impacts on…
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Polkadot’s latest update reduced the minimum staking requirement from 300 DOT to 1 DOT. This is a major win to anyone planning to earn passively by staking their DOT holding…
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The latest update also eliminates the need to go through intermediaries who are usually centralized platforms that facilitate stake-as-a-service.
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The update makes Polkadot one of the most accommodative networks available to anyone that wants to get into making money through staking.
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Ethereum founder Vitalik Buterin stated that community participation is one of the best ways to make a proof-of-stake network less prone to attacks.
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Polkadot is still in a position to leverage growth especially as blockchain adoption continues to rapidly increase.
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The latest update had a positive impact on the price of DOT, the native token on the Polkadot network. Its price is currently trading at $24.41 after a 10.
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DOT has already recovered substantially from its May lows of around $13. Perhaps the Polkadot update was the trigger that the price needed to gather bullish momentum after coming…
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While the recent Polkadot update provides a stepping stone for DOT bulls to resume their rally, there are numerous other factors that may facilitate an even stronger recovery for…
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Polkadot is rapidly approaching the rollout of its individual layer-1 blockchains known as parachains on Kusama.
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