THE RELATIONSHIP OF VALIDATOR, NOMINATOR & COLLATOR IN POLKADOT CONSENSUS
š„ļø Polkadot's Nominated Proof of Stake (NPoS) is a unique #POS subcategory where nominators select trustworthy validators based on past performance
š”ļø This innovative system ensures a non-malicious network. @Polkadot uses types - validators, nominators, collators - to maintain network integrity
š„ļø Polkadot is always known as one of the top-notch technology blockchains.
š ļø DOT is the primary tool for people to interact with, secure, and coordinate the @Polkadot network, and has many uses across the ecosystem
š Future developments may also bring additional uses for DOT, such as purchases of coretime as part of ongoing proposals for Polkadotās future roadmap
š Taiga protocol @TaigaProtocol is a synthetic asset protocol designed to unify different formats of staking and crowdloan derivatives into a highly efficient standard
šŖ Its #tDOT has recently experienced 1000%+ TVL growth with over 1.6M #DOT in the protocol
š Why can this protocol reach this milestone, learn the benefits & use cases that well-serve for @Polkadot holders belowāļø
š Dive into the #DeFi on Polkadot and Moonbeam Network!
šļø We had a discussion with Aziz to listen to the latest updates from StellaSwap and how these things can boost the #Polkadot and #MoonbeamNetwork ecosystem š
Explore all insights now š https://youtu.be/5-sCRKoHpBo?feature=shared
š² Nova Wallet is a cutting-edge mobile wallet designed for the @Polkadot ecosystem embodies these principles
⨠This innovative application simplifies the often complex world of cryptocurrencies, making it an indispensable tool for anyone looking to engage with blockchain assets
š Check out 1ā£5⣠reasons why you should #StakeDOT with @NovaWalletApp
š¢ Exciting news! @PhalaNetwork has officially announced their Phat Contract 2.0
⨠Phat Contract 2.0 empowers developers to write TypeScript scripts for deploying as Phat Contracts
š The scripts can now seamlessly respond to on-chain smart contract data requests, have the freedom to call APIs, and define response data structures
š Let's explore the features of Phat Contract 2.0 starter kit below
š @wearetalisman one of the trusted crypto companions in @Polkadot, is joining forces with @DCENTWALLETS Wallets, a renowned hardware wallet provider
⨠This integration promises to elevate your crypto journey with a perfect blend of security and convenience
š @PolimecProtocol is a decentralized multi-chain funding protocol to accelerate the Web3 ecosystem, which just win the @Polkadot auction for parachain slot 51st
š The protocol executes trustless and automated token transfers, eliminating counterparty risks and human errors in the funding process
⨠Its native token - PLMC plays an important role in its ecosystem
š Let's explore the functionalities of the #PLMC