I don't know much about the project. Though I did some research on it few months ago but wasn't too pleased with the huge amount of coin/stake they required from network members to participate in their PoS. I wouldn't trust any cryptocurrency that make such big demands/requirements. It is a big risk and can easily lead to centralization.
I strongly believe that consensus on shared or decentralized network/system should be based on merit and not how much stake you have.
Topic: Is it time to invest in Polkadot? - page 6. (Read 1166 times)
It's certainly an ambitious project. Blockchain interoperability is something that many developers have been talking about in the past two years and Polkadot seems to be the closest thing. You cannot ignore also the support it's getting even after their funds raised through ICO in 2017 was exploited.
What I don't like is how people are calling it as "Ethereum killer". I mean, how many projects have tried in the past? Remember EOS in the beginning and where it stands now?
So is it time? It depends on your risk appetite. It's still in the early stage but if you have money that you can afford to lose, it wouldn't be a bad idea to choose Polkadot. For me, I would wait for Polkadot 2.0 before looking at the project more seriously. I might be late to the party by that time but it's a safer bet (it's the same as waiting for a breakout in trading).
You can also add this as reference https://wiki.polkadot.network/docs/en/learn-launch
What I don't like is how people are calling it as "Ethereum killer". I mean, how many projects have tried in the past? Remember EOS in the beginning and where it stands now?
So is it time? It depends on your risk appetite. It's still in the early stage but if you have money that you can afford to lose, it wouldn't be a bad idea to choose Polkadot. For me, I would wait for Polkadot 2.0 before looking at the project more seriously. I might be late to the party by that time but it's a safer bet (it's the same as waiting for a breakout in trading).
You can also add this as reference https://wiki.polkadot.network/docs/en/learn-launch
unproven blockchain which hype/pump way before it even have a line of code
Polkadot is not a coin but a whole lot crypto ecosystem and comes with multiple use cases and application a bit similar to ethereum network also one of the founders was previously involved with Ethereum so looks good to me. Personally i would wait a little before investing i want to see how their ecosystem performs and how big the userbase they can attract
My last article
Why I don't buy Polkadot now
https://bitcointalksearch.org/topic/why-i-dont-buy-polkadot-now-5272296
Disclaimer: This article is educational. Do not consider this material investment advice!
More than 250 projects are being developed at Polkaot
https://polkaproject.com/
There are a lot of interesting projects here that are building bridges for interaction with BTC and ethereum and are developing their DEFI ecosystem.
Latest interesting news:
RockX launches $20 million investment program for the Polkadot ecosystem
https://cointelegraph.com/news/rockx-launches-20-million-investment-program-for-the-polkadot-ecosystem
"Digital asset development company RockX has launched a $20 million investment program to support the Polkadot (DOT) ecosystem over the next five years. The funding, capped at a maximum of $500,000 worth of DOT tokens per project, will be provided alongside technical support from the team’s developers. In return, the firm will receive tokens or equity from supported projects."
https://www.plasmnet.io/
Plasm Network is about enabling layer 2 technology on top of the Polkadot Network
https://docs.plasmnet.io/learn/lockdrop
Plasm Network absorbed more than 137,000 Ethereum on 2 lockdrop.
https://acala.network/
A decentralized finance hub and stablecoin platform
Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain
https://www.coindesk.com/acala-polkadot-defi-7m-pantera-saft
Tokenized Bitcoin is Coming to Polkadot in Q1 2021
https://decrypt.co/45168/tokenized-bitcoin-is-coming-to-polkadot-in-q1-2021
Bitcoin is Coming to Polkadot
https://polkadot.network/bitcoin-is-coming-to-polkadot/
binance research
https://research.binance.com/en/projects/polkadot
I wrote you only a few basic news, but what will happen next?
Why I don't buy Polkadot now
https://bitcointalksearch.org/topic/why-i-dont-buy-polkadot-now-5272296
Disclaimer: This article is educational. Do not consider this material investment advice!
More than 250 projects are being developed at Polkaot
https://polkaproject.com/
There are a lot of interesting projects here that are building bridges for interaction with BTC and ethereum and are developing their DEFI ecosystem.
Latest interesting news:
RockX launches $20 million investment program for the Polkadot ecosystem
https://cointelegraph.com/news/rockx-launches-20-million-investment-program-for-the-polkadot-ecosystem
"Digital asset development company RockX has launched a $20 million investment program to support the Polkadot (DOT) ecosystem over the next five years. The funding, capped at a maximum of $500,000 worth of DOT tokens per project, will be provided alongside technical support from the team’s developers. In return, the firm will receive tokens or equity from supported projects."
https://www.plasmnet.io/
Plasm Network is about enabling layer 2 technology on top of the Polkadot Network
https://docs.plasmnet.io/learn/lockdrop
Plasm Network absorbed more than 137,000 Ethereum on 2 lockdrop.
https://acala.network/
A decentralized finance hub and stablecoin platform
Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain
https://www.coindesk.com/acala-polkadot-defi-7m-pantera-saft
Tokenized Bitcoin is Coming to Polkadot in Q1 2021
https://decrypt.co/45168/tokenized-bitcoin-is-coming-to-polkadot-in-q1-2021
Bitcoin is Coming to Polkadot
https://polkadot.network/bitcoin-is-coming-to-polkadot/
binance research
https://research.binance.com/en/projects/polkadot
I wrote you only a few basic news, but what will happen next?
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