What consensus mechanism does Polkadot use?
Polkadot uses the nominated proof-of-stake (NPoS) consensus algorithm, which is a novel system designed to enhance the network's security, openness, and decentralization. This consensus mechanism allows for more efficient and secure blockchain operations compared to traditional methods.
Who is the founder of Polkadot Gavin Wood?
The founder of Polkadot is Gavin Wood.
Which Ethereum co-founder started Polkadot?
Gavin Wood, the co-founder of Ethereum, later left the project to create Polkadot, aiming to address scalability and interoperability issues in the blockchain space.
Is Polkadot alive?
I'm wondering about the current status of Polkadot. Is it still active and operational, or has it been discontinued? I'm specifically asking if Polkadot is alive or not.
What is the price prediction for polkadot in 2040?
I'm wondering about the future price of polkadot, specifically in the year 2040. Could you provide me with a prediction or an estimation of what the price might be?