Crypto News

Network Polkadot moved to Nominated Proof-of-Stake

Funded by the grant Foundation Web3 blockchain Polkadot has successfully completed its initial phase testing of the first version of the security Protocol and passed to the Nominated phase Proof-of-Stake.

Launched in may, the basic version of the network controlled Web3 Foundation, thereby enabling the nod and validation blocks. Now the number of validators will be gradually increased to 100, which will provide a higher decentralization.

Network Polkadot moved to Nominated Proof-of-Stake

In addition, in accordance with the first start-up phase, Polkadot, developer Interlay has released a proof of concept of a reliable “bridge” between blockchains of bitcoin and Polkadot – BTC Parachain. Bridge created based on XCLAIM – a carefully designed, open and reliable system of guaranteeing the security of user tools.

Polkadot ability to link multiple chains into a single network will allow users to enter assets with bitcoin support 1:1 or the equivalent amount in tokens. DOT, and use them in a wide variety of applications, including decentralized stock exchanges, stable coins, and credit reports.

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