Polkadot (DOT)

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Here's an example of Polkadot's parachain technology finding some real world use case:



I like Polkadot (DOT). It was a great performer for me when I had a small bit staked on Kraken (before the SEC forced Kraken to abandon the staking service for customers). I had to learn how to stake DOT natively and it was a learning experience, but it really was not that difficult. In my experience, Polkadot doesn't move as quickly as the rest of the crypto market. It's like a turtle - moves slow and steady, but follows the direction of the market.
 
Is DOT a ticker? If so, I didn't find a chart.
DOT is the acronym that is commonly used to represent Polkadot. Use the "ranked by market cap" link in the OP and you will find DOT at 15th currently.
 
More info on Polkadot (DOT):
More (long):


Seems like a good bit of development ongoing for Polkadot.
 
I was watching the (second) video in this tweet:


Around the 1:50 mark, a guy from Acurast demonstrates their distributed cloud computing system using Android smartphones that looks a lot like the Edge Node computing system from Theta Networks:


I went to their website for more info and their system does not run in the background. If you want to participate in the network and earn rewards, you need to use an old phone because their app will lock the phone down for dedicated use to the cloud computing:
...
Upon installing Acurast's Processor application, the Android device is fully locked down, with only the application running. Make sure to utilize one of the recommended devices to be able to get Jobs assigned to your device.
...


The docs indicate that the device needs to be running Android 11 at least.



I need to investigate further to really understand the reward system and cost/benefit potential.
 

BEEFY will enable trustless cross-chain bridging - that means cryptos can be moved/traded across different chains (like between Polkadot and Ethereum) securely - without possibility of hackers stealing the transfered tokens. I believe it also means that Ethereum apps can now bridge ETH via the Polkadot chain to other destinations and avoid the high gas fees on the Ethereum chain, but don't quote me on that.


JAM? I wonder what's cooking ...
 
I wasn't looking for it, but I found this:
More:


^ does a decent job explaining Polkadot's USP.
 
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