Polkadot [IOU] (DOT)
$128.76 (-3.17 %) View coin
News
10 February 2020

Web3 Foundation partners with Coinbase Custody and allows Polkadot investors to start claiming their DOT tokens

Earlier today, the Web3 Foundation announced it partnered with Coinbase’s custody subsidiary to offer a custody solution for Polkadot’s native token, DOT. Investors that participated in Polkadot’s previous token sales can now claim their DOT allocations with their existing Coinbase Custody accounts. The Web3 Foundation simultaneously launched a dedicated website that lists a few alternative claims processes for those investors without a Coinbase Custody account.

Why it matters: - Polkadot mentions this is the first step in its mainnet rollout. Polkadot’s launch sequence could mimic that of its canary network, Kusama, where early stages feature a Proof-of-Authority (PoA) consensus mechanism and limited on-chain functionality. Subsequent versions will introduce more utility through staking, on-chain governance, and parachains. - Polkadot is one of several projects promoting cross-network communication. But some argue these cross-chain solutions only matter if multiple networks generate significant user activity. The multi-chain enthusiasts vs. skeptics debate should remain a relevant theme throughout 2020 as these interoperability solutions continue to roll out.

Former Wall Street veteran and blockchain legislative advocate Caitlin Long announced today she will be working on building Avanti Bank, a special purpose depository institution to provide a range of custody, payment, and securities services to the digital asset industry. Blockstream will be acting ...
Newsletter
24 February 2020
3 coins to keep an eye on | Issue #70
After a violent struggle through a nearly 11% range, Bitcoin's weekly candle from last week closed a mere 0.6% above where it started. A 6.4% drop from its open has bulls arguing for a spring setup, while bears may be hoping for a retest before a decline. The altcoin marketcap enjoyed a small climb from its weekly start at...
In a press release issued yesterday, Sveriges Riksbank, the central bank of Sweden, announced it has begun testing its digital currency e-krona. The e-krona, meant to be a complement to cash, will allow users to make payments, deposits, and withdrawals through a mobile app. It will involve a two-tie...

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