Web 3.0, interoperability and layer zero are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously. For starters, imagine a world where Facebook is replaced by a decentralized social media application built on Polkadot. This is what projects like Subsocial are buildi...

Web 3.0, interoperability and layer zero are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously. For starters, imagine a world where Facebook is replaced by a decentralized social media application built on Polkadot. This is what projects like Subsocial are buildi...

Since Polkadot’s Relay Chain does not have smart contracts, it’s up to the blockchains plugged into Polkadot to enable smart contracts. For example, one parachain called Moonbeam has full compatibility with Ethereum contracts. Moonbeam’s developers have created a way to interact with digital currencies built on Polkadot via MetaMask, the popular web browser wallet for decentralized finance. This means that tokens built on Polkadot’s Substrate, which is a blockchain development tool, can be se...

Since Polkadot’s Relay Chain does not have smart contracts, it’s up to the blockchains plugged into Polkadot to enable smart contracts. For example, one parachain called Moonbeam has full compatibility with Ethereum contracts. Moonbeam’s developers have created a way to interact with digital currencies built on Polkadot via MetaMask, the popular web browser wallet for decentralized finance. This means that tokens built on Polkadot’s Substrate, which is a blockchain development tool, can be se...

French gaming giant Ubisoft Entertainment SA’s new nonfungbile token (NFT) project Quartz is facing strong pushback from the gaming community. Ubisoft unveiled the Beta launch of Quartz via a brief YouTube video on Dec. 8 that has 214,721 views at the time of writing. The project aims to combine NFTs and blockchain technology with existing Triple-A game titles, and announced Tom Clancy’s Ghost Recon Breakpoint as its first game to officially integrate NFTs. The video introduces Quartz as a pl...

French gaming giant Ubisoft Entertainment SA’s new nonfungbile token (NFT) project Quartz is facing strong pushback from the gaming community. Ubisoft unveiled the Beta launch of Quartz via a brief YouTube video on Dec. 8 that has 214,721 views at the time of writing. The project aims to combine NFTs and blockchain technology with existing Triple-A game titles, and announced Tom Clancy’s Ghost Recon Breakpoint as its first game to officially integrate NFTs. The video introduces Quartz as a pl...

I believe that technology will play a big part because cryptocurrencies allow financial freedom and free access for everyone. That’s how we need to address this situation, by giving people the tools to protect their money. Here, we don’t have any solutions, at least not right now. And I don’t see things getting any better. In the meantime, we’re just trying to protect the little money we earn from our jobs.”At the time of publication, the project’s iPhone app was the No. 1 most downloaded app...

I believe that technology will play a big part because cryptocurrencies allow financial freedom and free access for everyone. That’s how we need to address this situation, by giving people the tools to protect their money. Here, we don’t have any solutions, at least not right now. And I don’t see things getting any better. In the meantime, we’re just trying to protect the little money we earn from our jobs.”At the time of publication, the project’s iPhone app was the No. 1 most downloaded app...