With the Polkadot ecosystem thriving and the community around it getting more excited about what is to come, I felt a brief into what Polkadot is all about would be a great start for enthusiasts who would like build and/or explore the Polkadot ecosystem.

The Polkadot ecosystem comprises of and , two live blockchain networks; along with — the ecosystem development portal. Now let’s connect the dots!

What is Polkadot?

Polkadot is a scalable, interoperable and secure network protocol for the next generation of web.

What is Kusama?

Voting is a right that each individual should exercise to have a say — be it in the general election of a country, selection of the board or game everyone should play at a party.

Nothing is perfect and if we are talking about the coting system infrastructure, there is a lot of room for improvement. The voting system has been marred with issues such as counterfeits, lack of provenance, faulty hardware causing delays, corruption, etc.

What value addition does blockchain bring to voting?

Now, for a moment if we think — what are the things blockchain can add to the voting mechanics to improve the system. Security…

Before going somewhere, it is always better to know a bit about the lay of the land. Similarly before starting development, its recommended to navigate and to explore the platform to be used for development. In this article, I talk about the tech underlying the Polkadot network to understand ‘what makes it tick’!

Network Elements

Let’s start of with the definition of the network elements that can be found in the Polkadot ecosystem.

Relay Chain is the heart of Polkadot network. It beholds the responsibility to manage the network’s shared security, consensus and cross-chain interoperability.

Parachains are independent blockchains, with their own…

Applications in the Polkadot Ecosystem can be parachains or parathreads on the Polkadot network or be on the Kusama network. In this article, I focus on applications that are already present as well as a few being built on Polkadot & Kusama along with a short description about a few of them.

Projects to watch out for!!

2020 has been the year of DeFi and DEX with decentralization being the center for most of the applications being developed be in finance, social media, rewards, investment and banking services, etc. …

Currently, in Algorand, every account can participate in consensus, but not governance. Governance is the power of deciding non-consensus tasks such as the funding of grant proposals.

As a next step toward responsible decentralization of the network, it is being envisioned to introduce a mechanism for any account to not only participate in consensus, but also participate in governance. The proposed decentralization of Algorand governance just like consensus protocol, is simultaneously decentralized, secure, and efficient. In comparison to consensus, governance in Algorand will not be algorithmic and will require personal attention and time. …

Looking back at 2020 highlights

2020 was an eventful year for Algorand with more than 0.5 million daily transactions and more than 500 companies starting to use/build using the Algorand blockchain. Joining the BSN alliance, getting multiple stablecoin issuance done on the Algorand blockchain, strengthening the team with high achieving academics and establishing strategic global partnerships to explore different industries as well as geographies..

What lies in store for 2021

Let’s take a sneak peek at what lies in store for the year 2021 in terms of enhancements to be provided on the chain. Adding functionalities without compromising on the features of decentralization and security to keep up the network performance…

Much like financial decentralization being brought about by blockchain, identity management can use transparency, decentralization and provenance to do away with issues of duplicity, counterfeits and doubts over validity of the identity documents including ID cards, educational records, medical history, etc. Self Sovereign Identity (SSI) is an initiative which has been at the forefront to do away with most such issues. SSI is a user centric approach in the digital exodus whereby the individual identity holders can fully create as well as control their verifiable credentials, without being forced to request permission of centralized authority.

The Collaboration: Algorand and InfoCert

With an aim to create…

Looking from the regulation perspective, one of the major roadblocks for the growth of blockchain protocols and cryptocurrencies in the global regulated market has been focused on anti-money laundering (AML) compliance regulations. AML has become a required feature for protocols and related assets who want a leadership position in the market and the capability to operate in regulated markets globally.

The guidance before the regulation

Last year Financial Action Task Force (FATF), the global AML watchdog, updated its guidance for nations to stipulate that crypto companies must store and disclose information about senders and receivers, above a certain transaction threshold. The guidance clearly stated that…

China’s state-backed (BSN) International officially launched the Open Public Blockchain (OPB) Initiative in the last week of September and inducted Algorand as one of the first major blockchains to join the initiative — an awesome news for the Algorand ecosystem and community. Post that Algorand has launched both its mainnet and testnet on the BSN portal. I thought it would be a good time to take a closer look at what this association can bring about for both BSN and Algorand.

BSN’s Open Blockchain Initiative

BSN, a global infrastructure based on the blockchain operating environment, providing a one-stop-shop for dApp developers…

In the early years of human life, people preferred to live in siloed villages and were not aware of what lies beyond their ‘circle of safety’. But the inquisitive nature of a few adventurous few led to the expansion of horizons, intermingling to cultures to be compatible with others which has continued over the years.

Deviating towards blockchain, in the legacy blockchain systems interoperability was not sought after with security, scalability and immutability being on the top of the priority list. …

amit joshi

Blockchain learner, enthusiast and mentor

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