2022 Marks the Start of Polkadot’s Next Chapter, Here's What In Store For DOT Price - Aliens: AI Crypto News & Markets Updates
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2022 Marks the Start of Polkadot’s Next Chapter, Here's What In Store For DOT Price

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Coinpedia

Mon, Jan 03, 2022

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Aliens TLDR

Polkadot is a cryptocurrency project that was started in 2020 with the goal of providing a variety of financial solutions.

Gavin Wood, co-founder of Ethereum, explains the future of Polkadot (DOT), a cross-chain interoperability protocol he founded in 2016.

He claims that more than any other year, 2022 marks the start of Polkadot’s next chapter.

As more parachain teams win bids and join the Polkadot party, the potential of scaled hyper-connectivity under a single security umbrella, which Polkadot provides, will become a reality.

Beyond that, the Polkadot team’s efforts will be focused on the parathread feature, allowing teams who do not win an auction to still ensure they have the security guaranteed by Polkadot and get all the benefits of XCMP [cross-chain message passing].” In 2021, members of the Web3 Foundation and Parity Technologies teamed up to form the Anti-Scam team, with the goal of putting an end to scammers’ free reign and making Polkadot a safe ecosystem for all stakeholders.

Wood wraps up by outlining Polkadot’s successful fundraising efforts from the previous year.

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