Bitcoin

Polkadot launches DeFi alliance with Chainlink and lets 1,000 nodes flourish

Polkadot is the youngest competitor to Ethereum to set up a decentralized financial alliance.

Announced December 3rd, The alliance aims to overcome the decentralized nature of the Polkadot ecosystem by providing a platform for your community to discuss the use of the Polkadot network and the underlying technology stack for DeFi, Substrates.

The Chainlink Oracle Network is one of the founding members of the Alliance. The company’s global director of business development Dan Kochis said:

“Chainlink is excited to lead the direction of the growing Polkadot ecosystem for decentralized financial applications. By promoting best practices for DeFi protocol developers, the Polkadot ecosystem can become stronger than ever.”

Polkadot launches DeFi alliance with Chainlink and lets 1,000 nodes flourish
Polkadot launches DeFi alliance with Chainlink and lets 1,000 nodes flourish

Further founding members are Layer 2 technology provider Plasm Network, the decentralized insurance market Tidal finance, and the automated market maker not in custody Polka swap.

The alliance is currently accepting applications from developers based on the Polkadot network or substrate.

Polkadot right now too announce A “thousand validators” program will be launched this month to provide support and incentives to people who want to run a polkadot knot to increase the number of its validators by 1,000.

The show is based on the same one that started in Polkadot Kusama’s sister network February. Although the number of Kusama knots approached 180 in February, The network now has 700 active reviewers, with another 393 on hold.

Although two-thirds of Polkadot’s offerings are at stake, the network currently only has 249 validatorsThis indicates that many of them choose to use outside service providers.

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