Blockchain Team announced on 20 August partnering with the Polkadot Network to accelerate the adoption and decentralization of Polkadot tokens (DOT).
Blockchain Team conveyed that this development aims to solve the challenges of cross-blockchain interoperability. The firm also noted to create a new standard for on-chain governance. Blockchain Team clarified that when the integration is complete, users would be able to store, send, and receive Polkadot tokens. The team also shared numbers that an estimated 41 million wallets would be benefited from the offer.
Peter Smith, Co-founder, and CEO of Blockchain cited –
“Polkadot is exactly the type of purpose-driven network we’ve always supported at Blockchain. The team behind the project has a wealth of experience, and shares our vision for a decentralized future where users are in control.”
Blockchain Team further added on yet another enhancement which was the ability to drive the network’s governance. The firm maintained that this privilege would be facilitated by voting on key questions like proposed amendments to the network protocol. Blockchain Team clarified that such questions were typically reserved for networks’ miners, but Polkadot has turned traditional governance in a different route.
Blockchain Team touched upon some recollection expressing Polkadot was the first project by the Web3 Foundation. The team maintained that it was one of the most waited networks to launch. Blockchain Team clarified that Polkadot’s first implementation was developed by the founders of Parity Technologies, Dr. Gavin Wood, and CEO of Parity and Ethereuem’s first Security Chief, Dr. Jutta Steiner. Blockchain Team noted that Polkadot’s team was enabling interoperability between blockchain networks.
Polkadot’s new product, the Kusama network has graced developers and the community. Polkadot is a decentralized Web 3.0 blockchain interoperability platform. Polkadot introduced Kusuma as an experimental community research and development network. The blockchain platform technically defined Kusama Network as an early, unaudited and unrefined release of Polkadot.
Blockchain Team reiterated that in a world with many different blockchain networks, communication between them would be vital. The team opined that this facility could produce some of the biggest results in cryptocurrencies. Blockchain Team averred that the ability to connect different blockchains would power many innovative and critical functions. The team expressed enthusiasm to bring the Polkadot Network into the user’s Blockchain Wallet.