2021-03-17 16:00:00

Crypto Conversation: Right on the ‘Dot’

What’s hot in crypto this week? 

Polkadot. It was created as a solution to Ethereum’s scalability obstacles — mainly that the Ethereum network can’t handle as many transactions per second on the scale as other payment systems can. Polkadot hopes to solve this issue through the use of a process called “sharding.” That’s where instead of each node on the network having a full version of Ethereum’s transaction history, the data is split up into shards and distributed. This allows the Polkadot network to validate transactions much faster than Ethereum can, at a lower cost.

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