Polkadot network officially launched

Polkadot development team announces the official launch of the network and the simultaneous launch of a campaign to sell the project's tokens
15 October 2017   1730

Polkadot protocol is designed to improve the compatibility of various blockchains, such as Bitcoin and Ethereum ones. The protocol is developed by the Parity Technologies team, headed by Gavin Wood, the former Ethereum technical director.

polkadot.network
polkadot.network

Thus, Polkadot is a protocol that allows independent blockchains to exchange information. Polkadot is an inter-chain blockchain protocol which unlike internet messaging protocols (e.g. TCP/IP) also enforces the order and the validitiy of the messages between the chains. This interoperability also allows the additional benefit of scalability by creating a general environment for multiple state machines.

Now, the development team announces the official launch of the network and the simultaneous launch of a campaign to sell the project's tokens. On top of that, the team also warns about the appearance of a fake site, the creators of which obviously set a goal to steal user funds.

In total, 5 million DOT tokens are offered for Polkadot network's token sale.

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Civic to Buy Identity.com Domain

The domain will become a blockchain platform for the exchange of user data
19 July 2018   120

American startup Civic has acquired the domain name identity.com. According to Vinny Lingham, CEO of the company, the domain will become a blockchain platform for the exchange of user data. This is reported by CoinDesk.

The identity.com platform will be a decentralized ecosystem. Thus, companies that own data will request the user's consent to the issuance of information. Blockchain will allow verifying the authenticity of the user's permission. After that, the company will be able to provide information to the data buyer.

Calculation on the platform will be performed in Civic (CVC) tokens. And thanks to smart contracts, payment will occur after the requesting company receives relevant information.

Previously, the domain was a portal for Internet real estate and belonged to the Inflection. Civic bought the domain name after Inflection stopped operating in this area of ​​business.

Vinny Lingham does not disclose the details of the negotiations and the amount of the deal. Nevertheless, he stated that he always considered the identity.com domain an ideal address for the promotion of his blocking project.

According to CEO Civic, this purchase is an important step not only for the company, but also for the development of the Web 3.0 concept.