With the development of blockchain technology, more and more blockchain projects are emerging. Among them, Polkadot is a brand-new blockchain technology, and its launch has brought new development opportunities to the blockchain world. The Polkadot ecological sector refers to all blockchain projects and applications involved in the Polkadot technology ecosystem. These projects and applications cover various fields from digital currency to enterprise applications, and together they form Polkadot's powerful ecosystem.
As the core token of the Polkadot ecosystem, Polkadot (DOT) is the local currency on the Polkadot mainnet. Polkadot is a governable blockchain that supports cross-chain interaction and can connect multiple blockchains to realize data interaction and value transfer between blockchains. DOT can be used to pay network usage fees, governance voting, cross-chain transactions and other functions.
1. Kusama (KSM): Kusama is the sister chain of Polkadot and also the test network of Polkadot. Kusama was created by the Polkadot team to promote the development of Polkadot and the construction of the ecosystem. KSM is Kusama’s native token and can be used to pay network usage fees, participate in governance, and cross-chain transactions.
2. Acala (ACA): Acala is a decentralized finance (DeFi) platform developed based on the Substrate blockchain framework. It provides users with stablecoin, lending, trading and other services, and can also interact with Polkadot and other blockchains across chains. ACA is Acala’s native token and can be used to pay network usage fees, governance voting and participate in ecological construction.
3. ChainX (PCX): ChainX is a decentralized multi-chain trading platform that allows users to conduct frictionless asset transfers between different blockchains. PCX is ChainX’s native token and can be used to pay network usage fees, govern voting and participate in ecological construction.
4. Darwinia Network (RING): Darwinia Network is a cross-chain bridging network built on the Substrate framework, aiming to solve the problems of cross-chain asset transfer and value transfer. RING is the local token of Darwinia Network and can be used to pay network usage fees, governance voting and participate in ecological construction.
1. Plasm Network: Plasm Network is a Layer 2 expansion solution built on the Substrate framework, aiming to provide scalability and cross-chain interoperability for Ethereum and Polkadot. . It can expand the throughput of Ethereum and also support the interaction between Ethereum and Polkadot. Plasm Network also supports the development of DeFi applications and NFT applications.
2. Moonbeam: Moonbeam is a Polkadot sidechain designed specifically for Ethereum developers, providing them with a bridge to the Polkadot ecosystem. Through Moonbeam, Ethereum developers can easily build cross-chain applications and DeFi applications.
3. Edgeware: Edgeware is a decentralized governance platform designed to allow community members to vote and govern the future development of the ecosystem. It provides an open governance model based on Web 3.0 standards, giving community members more say.
Overall, the Polkadot ecological sector is a diversified blockchain ecosystem, which covers many fields such as digital currency, decentralized finance, cross-chain interaction, and governance platforms. Polkadot’s design ideas and technical features provide a solid foundation for the development of these projects and applications. As more and more developers and project teams join the Polkadot ecosystem, we have reason to believe that the Polkadot ecological sector will become an important part of the future blockchain world.
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