Blockchain.com and Polkadot Become Partners

Blockchin.com and Polkadot have joined their hands for catalysing decentralization and user control. Blockchain.com is a Luxembourg based crypto data supplier and crypto wallet whereas Polkadot is a Blockchain interoperability protocol. It was on August 20, 2019 that Blockchain.com declared about integrating its Blockchain wallet with the Polkadot network to steer the adoption and decentralization of Polkadots tokens (DOTs).

Peter Smith, co-founder and CEO of Blockchain.com quoted Polkadota as ‘exactly the type of purpose-driven network’ that is sustained by the company. Polkadot began its operations back in 2017 and was the first project under the banner of Web3 Foundation. The propulsion of the project is undertaken by Parity Technologies, Gavin Wood (Polkadot founder and Ethereum co-founder) and Jutta Steiner (Ethereum’s first security chief).

It was in June 2019 that Polkadot proclaimed to have sold 500,000 DOTs at an undetermined price, keeping firm’s valuation at $1.2 billion. After the distribution of tokens, Polkadot introduced the prototype of the protocol labelled Kusuma.

Official announcement made by Blockchain.com states that, “… but also drive the network governance by voting on key questions like proposed amendments to then network protocol and council members.”

This merging of operations between Blockchain.com and Polkadot is remarked to be of great vitality and potential. Other announcements like when the users can start using the DOTs will soon be updated. For now, the two teams expect to attain new canons for interoperability and user empowerment.

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