The first time when we contacted with Polkadot ecosystem was in 2017, when the battle for the public chains was spread across the industry. For example, the technical public chain, Rchain, brought surprises of Sharding and State Channels. However, there have been problems with the management’s approach to governance, delaying the progress of the project. And Polkadot was born, telling the industry this is a project originating from Ethereum but possibly beyond Ethereum. After Ethereum, our team has been looking for the next project that enables a good ecosystem. During the period, we also consciously incubated several public chains with great potential, which once successfully attracted many projects to develop and apply.
PolkaBase Technology Driven the 2nd Meetup Highlights: Rust, Cross-Chain and The Open-Source…
Resource cooperation outside the industry is an urgent step for the blockchain project to go global. A mature community should be able to produce valuable content together, help try out the new products or increase influence, and increase user engagement, which is a core of any ecosystem development. The Polkadot project itself and its communities have very limited interactions and communications between regions.
Game-Changing Blockchain Tech Developments of 2023
What PolkaBase wants to do is this ecosystem that is centered on technology development, linked to international capital and industrial resources, and matched by blockchain 3.0. In addition to having offices in China, PolkaBase has mature resources in Germany, Singapore, Japan and other places, which can spread the ecosystem of Polkadot to more areas and create more powerful influence. PolkaBase has a wealth of relevant experience and is familiar with a whole set of processes that can effectively bring investors and project parties into the Polkadot ecosystem. Universities, industry and associations work together to demonstrate and implement Polkadot’s technology outside the industry. For a blockchain project at the forefront, many attempts are new, such as Polkadot’s own DAO, original governance, and creations of Rust.
It is also obstacles that we must overcome to the further development of the third generation of ecosystem. The crucial reason is that the project did not create a corresponding ecology. The community relationship between investors and project parties only is narrow and lacks the continuous growth.
The Rust language which grounds Polkadot is a fairly special-interest programming language at the beginning of its adoption. The current limited number of programmers who understand Rust and can use Rust for development has led to a lack of developer community size and quality, and more need for popularization and education of the language. PolkaBase will work with the Rust technology community and Substrate’s multinational community to promote Rust among programmers. Based on a deep understanding of each other, that PolkaBase will build an ecosystem community for Polkadot is a matter of course. From a technical point of view, there have been many high-quality projects since the genesis of Ethereum.
- They claim some wallets will not handle a rebase token.I see the 175 coins in my wallet.
- And Polkadot was born, telling the industry this is a project originating from Ethereum but possibly beyond Ethereum.
- This is also the biggest challenge facing the current blockchain ecosystem, that is, the top application lacks user.
- However, using the total supply as of Nov 18, The market capitalization of Polkabase will be $69.9 Thousand.
- If we can not attract more engineers and applications to develop on the infrastructure level, it is unrealistic to go beyond Ethereum and become a true new generation of ecosystem.
Written by PolkaBase
Most of PolkaBase’s sponsoring teams are from Candaq in 2012, which is a group of senior practitioners who have been in the field of long-term blockchains for more than 7 years. Candaq is a believer in new financial technology and blockchain revolutionary technologies, focusing on entrepreneurial incubation in the areas of financial technology and blockchain. Over the years, Candaq has established a world-class network of partnerships with academic research institutions, venture capital and cryptographic communities. The team will be integrated into the construction of the Polkadot technology eco-community with years of industry experience and a deep understanding of the blockchain. Most project ecosystems exist a short-term process of obtaining clout and maintaining and expanding through various activities, ignoring the education and development of technical knowledge.
It can be said that the our PolkaBase team is already familiar with the direction and form of ecological incubation. An ecosystem environment can only be described as good when it is to build an interoperable application collection ecosystem based on a certain settlement layer. As one of the first institutions to incubate the Polkadot ecosystem project in China and assist these projects to apply for the official Grant, the PolkaBase team has always had a lot of contact with the engineers of Parity. Based on a deep understanding of each other, that Polkabase will build an ecosystem community for Polkadot is a matter of course.
There is a lack of a community ecosystem that has the ability to cross-industry and can connect with the ecosystems of various regions and industries, as a window of international communication to break through the gap between this information exchange. For the majority of small and medium investors, how to participate in the ecological process guide is not clear and easy to understand. polkabase The translation of technical articles is speedy but the language is not local enough. The feelings of alienation and avoidance naturally arise between small and medium investors and projects.
They need to recognize the core values of the community after deep communication and find peers and mentors who can make progress together. This slowly accumulated user group will actively participate in the ecosystem. The newly established PolkaBase is no difference from what the team has always been doing. Many times in the past, we have always created an ecosystem through incubation projects, resource integration, and community building to make technology go further. They need to recognize the core values of the community after deep communication and find peers and mentors who can make progress together. This is also the biggest challenge facing the current blockchain ecosystem, that is, the top application lacks user.
I bought PolkaBase because it went live today, because Polkastarter 12xed in six weeks, because PolkaBridge is on its way. Polkabase is an erc-20 token.However, I see that the polkabase token increases and decreases in number of tokens. They claim some wallets will not handle a rebase token.I see the 175 coins in my wallet. At this moment, we can’t calculate the market cap as we don’t have the best approximation of the circulating supply. However, using the total supply as of Nov 18, The market capitalization of Polkabase will be $69.9 Thousand.
