Polkadot's Vision and Potential!

1. What is Polkadot?

Polkadot is a sharded blockchain based on the thesis that the world will have several blockchains that need to interact. Polkadot unites scalability, interoperability, and security.

The Polkadot network uses a sharded model where shards - called “parachains” - in the network have unique state transition functions (STF). Based on Polkadot’s design, as long as a chain’s logic can compile to Wasm, then it can connect to the Polkadot network as a parachain.

Polkadot has a Relay Chain acting as the main chain of the system. Parachains construct and propose blocks to validators on the Relay Chain, where the blocks undergo rigorous availability and validity checks before being added to the finalized chain. As the Relay Chain provides the security guarantees, collators don’t have any security responsibilities, and thus do not require a robust incentive system.

In order to interact with chains that want to use their own finalization process (e.g. Bitcoin), Polkadot has bridge parachains that offer two-way compatibility.

The Cross-Chain Messaging Protocol (XCMP) allows parachains to send messages of any type to each other. The shared security and validation logic of the Relay Chain provide the environment for trust-free message passing that opens up true interoperability

2. Polkadot Network

Dr. Gavin Wood, co-founder of Polkadot, explains the foundational principles of the network.

Björn Wagner, CCO from Parity Technologies LTD, developing partner of Web3 Foundation, the organization stewarding the Polkadot Project explains how different blockchains can communicate and operate with each other.

Marek Kotewicz from Parity Technologies is one of the lead developers of the Polkadot Network.

In this video, he explains how token holders have governance over the network and how the project aims to improve the issue of lack of scalability that affects the Blockchain space.

Peter Czaban (Web3 Foundation Council) explains how every Parachain in the Polkadot Network will enjoy the feature of pooled security, enabling all the chains in the ecosystem to leverage the overall network security.

What’s the difference between the mechanism that brings security and scalability to the Polkadot Network, and the model historically used by previous blockchains? Rob Habermeier from Parity Technologies, lead researcher of Polkadot, explains.

Rob Habermeier from Parity Technologies, lead researcher of Polkadot Network, explains how do the parachains in the Polkadot Network communicate with each other.

What implies being a validator in the Polkadot relay network? Watch Rob Habermeier from Parity Technologies explain it.

Peter Czaban, Council Member of the Web3 Foundation and part of the team dedicated to developing the Polkadot Network explains the main structures behind the protocol

The Polkadot Network technical roadmap in a nutshell, explained by lead researcher Rob Habermeier who is also part of the Parity Technologies dev team

Dr. Jutta Steiner, CEO of Parity Technologies LTD explains the vision of the internet of blockchains and what needs to happen in terms of technology developments.

People from all over the world gathered together to build the vision for Polkadot and the decentralized way. Find out what they are doing with Dr. Jutta Steiner

Dr. Gavin Wood explains the goals of the Web3 Foundation and the stewarding of the Polkadot protocol

The internet has been viewed as transformative for society. But we are still effectively applying the same old business models and hierarchical structures to new technology.

Dr. Gavin Wood, Founder of Web3 Foundation, Parity Technologies and Ethereum, explains why it’s important for the internet to evolve into a truly decentralised web in order to allow for entirely new societal structures to be created.

3. A Rustic Vision for Polkadot by Gavin Wood

Gavin Wood, Co-Founder of Ethereum, Parity Technologies, & Polkadot, presents Substrate, a blockchain in-a-box + VM for building blockchains easily. Gavin demos Substrate and codes a blockchain

Who is Gavin Wood?. Read more ☞ here

4. Polkadot is born!

Gavin Wood, Polkadot cofounder, Ethereum cofounder and CTO, discusses the idea for Polkadot and his vision for what he hopes it can accomplish. Learn more at http://polkadot.network/ and on our social channels 👇

Stay in touch:

Telegram: https://t.me/polkadotofficial

Twitter: https://twitter.com/polkadotnetwork

Reddit: https://www.reddit.com/r/dot

Riot chat: https://riot.im/app/#/room/#polkadot-…

Polkadot Ambassador Program: https://polkadot.network/polkadot-amb…

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aaron silva

1620795530

Polkadot Development | Polkadot Development Services | Polkadot Development Platform |

The Polkadot Blockchain Development has stormed online recently for its efficiency in transacting funds continuously without any loss. Investors can generate more revenue by investing in the Polkadot development protocol. The Polkadot is considered a protocol that initiates transfer across various blockchain platforms for users to experience safe transactions at high speed. Polkadot protocol is trending for its shared multi-chain network that performs multiple transactions simultaneously.

The Polkadot protocol is highly efficient for interconnecting with various platforms for better transactions. It eliminates the need for intermediaries to overcome traditional banking systems since each transaction is executed one by one since it is tedious for users. The Polkadot protocol inherited with parachain enables users to experience the power of multiprocessing for parallel transactions. The integration of Polkadot protocol enables high security over a complete network for communicating better with other parachains using XCMP.

Reasons to invest in Polkadot blockchain development platform :

The Polkadot protocol is inherited with parachain for experiencing various services like identity management, service for finance on several blockchains. The Polkadot Protocol is entirely decentralized, scalable and securitized for efficient multi-transactions.
The speed of transactions is increased in Blockchains for integrating Polkadot protocol, and entire data is processed and supported for increasing the volume of trade. The Polkadot protocol comes with high-end security systems that prevent various hacks and vulnerable activities.
It has improved the user interface for better interaction over blockchain for efficient transactions. It enables the exchange of data on various platforms without any loss in the transaction. The Polkadot network with parachain enables creating new blockchains or parachains connected with the main Polkadot chain.
Parachains on the Polkadot network can adopt a suitable governance model for accessing pre-built modules implemented on various on-chain governance systems. The on-chain governance maintains significant transparency over para communities.
It is highly interoperable on the Polkadot network for experiencing complete control over their fund transactions. It enables users to engage with continuous trade with other parachains and external networks. The Polkadots cross-chain model enables traders to exchange tokens and verify credentials.
The Polkadot protocol is highly flexible in that each parachain can have a unique design, token and governance process for optimized use cases. The parachains are specialized in several blockchains to experience a wide range of varieties such as service for finance and identity management.

The Polkadot blockchain development is ruling the entire blockchain world with unique features that benefit users to experience fast transactions. The Polkadot network is highly scalable for transactions to spread out for it to be processed parallely over a specialized layer of blockchain. The investors can reach out to Infinite Block Tech for gaining assistance towards Polkadot development on the blockchain platform cost-effectively.

#polkadot development #polkadot development services #polkadot development platform #polkadot blockchain development

aaron silva

1622120989

Polkadot Development | Polkadot Blockchain | Polkadot Blockchain Development Process

Polkadot is a next-generation blockchain technology that enables the diversification of blockchains for message transport between networks. One of the most fundamental elements of the polkadot ecosystem is the ease with which multiple blockchains can communicate with one another. Their additional value is the pooling security and multi-chain technology. The Polkadot Blockchain Development Process can be aided by Infinite Block Tech.

#polkadot development #polkadot blockchain #polkadot blockchain development process

Crypto Like

1608711589

What is APY Vision (VISION) | What is VISION token

What Is APY.Vision (VISION)?

APY.Vision is an analytics platform that provides clarity for liquidity providers contributing capital on Automated Market Making (AMM) protocols. Innovations in blockchain technology and Decentralized Finance (DeFi) have opened the gates to allow anyone, with any amount of spare capital, to contribute liquidity to markets and earn a fee from doing so.

We are a tool that tracks impermanent losses of a user’s pooled tokens and keeps track of the user’s financial analytics. In addition, we provide historical pool performance and actionable insights for liquidity providers.

VISION is the membership token that is used for accessing the PRO edition of the tool. We provide our PRO members with additional analytics. Furthermore, token holders can vote on new features to determine the roadmap of the product. In the future, when we expand to other DeFi verticals such as decentralized options and derivatives, VISION holders can gain access to those analytics modules.

We believe the future is DeFi, and we want to build the best tools and provide the best analytics to this new breed of investors.

How Many VISION tokens Are There in Circulation?

VISION launched the membership token on Nov 15, 2020. The max supply of the token is 5,000,000 and 15% of the tokens are reserved for the foundation, while 4% of the token supply is earmarked for marketing and promotions, while 1% of the tokens is reserved for giving back to the ecosystem.

Where Can I Buy APY.Vision Membership Tokens (VISION)?

You can acquire the membership tokens on our bonding curve or on Uniswap under the VISION/ETH pair.

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How APY Vision gives you 20/20 vision

Having been LPs ourselves, we experienced firsthand how there was a lack of visibility into an LP’s holdings and your profits and losses. We decided to solve this problem for ourselves by creating a tool that tracks impermanent gains and losses of your pooled tokens, allowing you to have all the analytics you need at your fingertips with actionable insights to ensure you’re in the best pools.

We truly believe AMMs are here to stay and we want to enable anyone, anywhere, who wants to be an LP to have the best information and knowledge they need to become successful in this fast moving, high stakes game of market making.

Beat the rest to be the best

We believe in a democratized world — after all, that’s why the ethos of blockchain appeals to us first and foremost. With that being said, the huge amount of work we’re doing needs support to continue to provide value to all our users. Our aim is that APY Vision will always be a free tool. For the more advanced LPs however, who require additional insights into the pools they are providing liquidity for, we provide a pro offering that unlocks additional features to give you a leg up over everyone else.

Our pro offering will enable:

Real-time price quotes (free members get refreshed quotes every hour)
Remembering previous addresses
Grouping wallet addresses into one single account view
Expedited query speeds (your queries will be prioritized)
Viewing historical gain/losses (free members can only see current liquidity pool positions) *
Tracking Total APY and returns with farming rewards included (a common use case for LPs that farm with staking contracts) *
Pool Insights advanced search (min 2000 VISION tokens)
Dark mode option
Daily summary emails *
Additional AMMs *
Vote for new features (min 2000 VISION tokens) *
Dedicated #gold channel on Discord (min 2000 VISION tokens) *

*Features will be released in subsequent releases

(At launch, we will be supporting a few of these features but we are working hard on rolling all the pro features out!)

Become a pro, hold a token bro

We’ve been inspired by the innovative products being born in the DeFi space and have modeled our pro membership on these projects. To become a pro member and unlock pro features, hold our membership tokens in your wallet.

Normally, a subscription service costs the same regardless of your level of usage.

However, with blockchain technology, we can be a bit more creative and innovative to ensure fair access for all.

To activate our pro features, you only need to hold 100 VISION membership tokens per $10,000 of USD tracked in your wallet(s). This ensures that people who are not big portfolio holders can benefit by holding just a small amount of VISION tokens in their wallet. As you provide more liquidity, you can add more VISION tokens to your wallet to activate the pro features — it’s that simple!

Tokens — not that big of a deal around here

First and foremost, we’d like to stress that the VISION tokens are not a security token. The token is designed to not hold value and does not have any inherent value. It is merely a way to unlock subscription access to our pro features. It is not meant to be speculated on. We are not an ICO or claim to return you any gains by acquiring the VISION token. This is simply a membership token and not an asset.

We will be launching our membership token based on a bonding curve. A bonding curve contract is one where the tokens being acquired cost more for each subsequent one. The initial cost of a VISION token is 0.0005 ETH, which means it will cost 0.05 ETH to track $10,000 USD worth in a portfolio (for life).

While we are working on delivering all the pro features, we want to enable our community to start supporting the project by being an early adopter. Thus, the cost of 0.0005 ETH per VISION token will stay that way until 250000 VISION tokens have been distributed.

Early bird gets the worm — initial phase

To ensure that there is product market fit for APY Vision, there is an option to exchange the VISION tokens back to ETH in the bonding curve contract in the beginning until the 250000th VISION tokens. In this phase, users can exchange VISION back to ETH at 100% of the price that they used to exchange the VISION tokens with in the first place (0.0005 ETH per VISION).

This ensures that if the project doesn’t gain any traction, early users can get their ETH back. That’s because we’re that committed to providing value to our community.

Also important to note is that in this phase, the foundation cannot sell tokens to the curve (in addition to the vesting terms below).

Normal Exchange Phase

After the 250000th VISION tokens have been exchanged, the token will be sold on the curve at the current price. A few days after the initial phase, we will be adding a Uniswap pool so that existing token holders can sell on the Uniswap pool and new users can choose to either buy or sell on the bonding curve.

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You get a token, everyone gets a token

There is a maximum cap of 5,000,000 VISION tokens.

The breakdown:

7.5% (to the initial founding team, subject to a 36 month vesting period with 1/36 of the amount vests each month)
7.5% going to a fund for contributors (subject to vesting)
4% marketing / promotions / giveaways
1% public goods projects
80% bonding curve token contract

The master plan

At the heart of it, we’re nerds. We want to provide awesome tooling and analytics, especially since the tooling piece is sorely missing for Liquidity Providers today. That will always guide what we do.

The next phase of the Liquidity Network will be to enable monitoring and alerts to ensure Liquidity Providers can take action if there are any sudden pool movements.

Once we perfect the analytics and monitoring pieces, we want to enable a way for Liquidity Providers to automatically enter/exit liquidity pools based on alerts and parameters they set up. This will be done via smart contract wallets that only the users have access to and it will be non-custodial (because we don’t want to touch your funds with a nine foot pole, even if you paid us).

We will also be licensing our API for enterprise use. To access the API on a commercial basis, companies will need to pay for a monthly/yearly plan (in VISION tokens) and the tokens collected will be burned.

Finally, because Liquidity Provider tokens are currently held in a wallet (and not doing much), we will be looking at ways in which we can leverage them. Imagine being able to collateralize your LP tokens and borrow/lend against it to magnify your gains. Rest assured our valuable community members (you) will be able to vote on the final product.

Update — the bonding curve contract is LIVE

You can view the bonding curve contact here:

Contract: https://etherscan.io/address/0xf406f7a9046793267bc276908778b29563323996#code

Token Exchange Website:

https://curve.apy.vision/#/

Please do not acquire more than what you need. This is a membership token and it is inherently worthless. It costs 100 VISION tokens to track $10,000 USD worth. If you are unsatisfied you can return the VISION token for 100% of the ETH when less than 250000 VISION tokens have been sold. The contract has not been audited, so please use at your own risk.

FAQ (or the questions you’re too scared to ask)

Is the token bonding curve contract audited?

No, the contract has not been audited — please use it at your own risk. We will not be held responsible or liable for any losses that occur as a result of the contract. We did, however, base our contract off well-known and audited contracts and tweaked the parameters to our use.

Where is the contract address?

The contract address will be released in a subsequent blog post along with step by step instructions for acquiring the VISION tokens.

If I don’t like the service during the initial phase, can I cancel at any time?

You’ll really hurt our feelings but yes! You can simply exchange the VISION tokens back to ETH in the initial phase (where there are less than 250,000 VISION tokens sold). In that case, you get 100% back of the initial exchange rate. After the initial phase, you can sell it back on Uniswap after we create the pool.

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

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McKinney McKinney

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