Polkadot

Polkadot

Polkadot is a heterogeneous multi-chain architecture that aims to become a scalable heterogeneous multi-chain framework. Under the basic functions of ensuring security and transmission, it weakens the endogenous binding relationship through the incentive mechanism of untrusted nodes .

The government of Gibraltar has launched a pilot program to store official credentials using blockchain: According to news on December 7, the government of Gibraltar has launched a pilot program to use blockchain technology to store official credentials on its system.

The government of Gibraltar said it has partnered with Bitso, a Mexican cryptocurrency exchange, and IOVlabs, a startup developing financial solutions based on the Bitcoin blockchain, with the aim of integrating blockchain technology into its eGov system. The initial phase of integration will allow users to store state-issued and certified credentials on their servers, allowing residents and location organizations to better access public services.

Gibraltar Minister for Digital and Financial Services Albert Isola said officials had already started digitizing government services on the smart contract network RSK, but planned to accelerate integration efforts in early 2022. Bitso will donate $500,000 worth of bitcoin to the project, he added. (Cointelegraph) [2021/12/7 12:57:07]

Polkadot is the third-generation open and authorization-free blockchain technology launched by the core developers of Ethereum. The core design concept is instant scalability and extensibility, aiming to solve the two major problems that prevent the spread and acceptance of blockchain technology today.

Navi Mutual Fund submits draft documents to Securities and Exchange Commission of India to launch blockchain fund: On December 3, Navi Mutual Fund, co-founded by Indian e-commerce company Flipkart co-founder Sachin Bansal, submitted to the Securities and Exchange Commission of India (SEBI) A draft document was released to launch a blockchain fund. The blockchain fund will invest in other blockchain index-linked funds rather than investing directly in cryptocurrencies or blockchain-based companies.

It is reported that Navi Mutual Fund belongs to Navi Group, a financial services company founded by Sachin Bansal. Flipkart, the e-commerce company founded by Bansal, is now owned by Walmart. [2021/12/3 12:49:35]

Polkadot plans to integrate the private chain and alliance chain into the consensus network of the public chain, while taking into account privacy and permission protection measures, giving a new transaction layer, and having the opportunity to connect hundreds of blockchains to each other.

Polkadot provides the basic relay chain relay-chain, on which a large number of verifiable globally consistent dynamic data structures can be hosted. These data structures are known as "parallel" chains or branches, although they themselves have no specific requirements. Many verifiable, globally dynamically synchronized data structures are built on this foundation, and these data structures are parallel chains or side chains.

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