What makes Polkadot (DOT) special? - Crypto in Plain English - Episode 64 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it24 Des 2021

What makes Polkadot (DOT) special? - Crypto in Plain English - Episode 64 - by cryptohunt.it

What makes Polkadot (DOT) special?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, we’ll talk about Polkadot, a technology introduced in 2020 to make creating entirely new blockchains easier.

You’ll start seeing a theme here: Polkadot ist yet another crypto project aiming at solving the problems with Ethereum. In fact, Polkadot is co-founded by Ethereum’s old Chief Technology Officer.

Think of Ethereum as a single highway; and of the transaction fees as tolls. Every time any transaction happens on Ethereum, it gets put on the same road – this could be someone sending a token, the sale of an NFT, or the creation of a new smart contract. Quickly, that highway gets congested, tolls go way up, and there is just not enough space for everyone to get to their destination.

Polkadot takes a novel approach to solving this problem. Instead of creating more lanes on that freeway, which is a common solution other blockchains try, it allows for the creation of entirely new, separate freeways. In other words, it allows the creation of new blockchains. Those can be used separately with less congestion, and can be built for a special purpose. And there are also ramps connecting those freeways, so exchanges are possible.

All that has led to Polkadot being a scalable, and fully customizable alternative to Ethereum.

And next time, we’ll talk about the opposite of a purposeful blockchain: The popular meme coin Dogecoin.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Episoder(373)

The Pros and Cons of “Proof of work” and “Proof of Stake” - Crypto in Plain English – Episode 21 - by cryptohunt.it

The Pros and Cons of “Proof of work” and “Proof of Stake” - Crypto in Plain English – Episode 21 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we talk about the pros and cons of ““Proof of work” and “Proof of Stake” There are a few things...

26 Okt 20211min

What is “Proof Of Stake”? - Crypto in Plain English – Episode 20 - by cryptohunt.it

What is “Proof Of Stake”? - Crypto in Plain English – Episode 20 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Last time, we explained how time-consuming puzzles are one way to solve the problem of cheating on th...

25 Okt 20211min

What is “Proof Of Work”? - Crypto in Plain English – Episode 19 - by cryptohunt.it

What is “Proof Of Work”? - Crypto in Plain English – Episode 19 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today we explain how “Proof of Work” works. First, remember that cryptocurrencies validate transactio...

22 Okt 20211min

How crypto wallets work and which one is best for you - Crypto in Plain English – Episode 18 - by cryptohunt.it

How crypto wallets work and which one is best for you - Crypto in Plain English – Episode 18 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: How crypto wallets work and which one is best for you. Although they are called wallets, crypt...

21 Okt 20211min

The dark (climate) side of crypto - Crypto in Plain English – Episode 17 - by cryptohunt.it

The dark (climate) side of crypto - Crypto in Plain English – Episode 17 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: Crypto’s impact on climate change. Blockchain technologies – to the enthusiasts, they promise ...

21 Okt 20211min

How to create your own Web 3 product - Crypto in Plain English – Episode 16 - by cryptohunt.it

How to create your own Web 3 product - Crypto in Plain English – Episode 16 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: Together, we are creating our own fictional Web 3 product An example teaches more than a thous...

19 Okt 20211min

What is the web 3 movement about? - Crypto in Plain English – Episode 15 - by cryptohunt.it

What is the web 3 movement about? - Crypto in Plain English – Episode 15 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: We explain why everyone is excited about Web 3 To understand Web 3, let’s first talk about wha...

18 Okt 20211min

Why everyone has their own token - Crypto in Plain English – Episode 14 - by cryptohunt.it

Why everyone has their own token - Crypto in Plain English – Episode 14 - by cryptohunt.it

014 Why everyone and their grandma have their own token Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today: We explain why there are thousands of ...

15 Okt 20211min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
livet-pa-veien-med-jan-erik-larssen
pengesnakk
utbytte
okonomiamatorene
tid-er-penger-en-podcast-med-peter-warren
morgenkaffen-med-finansavisen
liberal-halvtime
stormkast-med-valebrokk-stordalen
lederpodden
rss-politisk-preik
rss-markedspuls-2
lederskap-nhhs-podkast-om-ledelse