A ‘Thousand Validator’s’ to be Launched as Part of Polkadot and Chainlink Alliance
By Harry B – Cryptocurrency Broker
While analytics show that buying and selling Bitcoin is increasing in popularity, so is the number of people deciding to buy altcoins. Two platforms arguably considered the most successful altcoin projects are Polkadot (DOT) and Chainlink (LINK).
With this in mind, it is exciting for many to hear that Polkadot is planning a new Decentralised Finance (DeFi) alliance in their aim to implement more network nodes. As the latest competitor of Ethereum (ETH) to release such a partnership, the project seeks to deliver a platform focused on community integration and a forum to discuss its fundamental Substrate technology stack for DeFi.
Among the alliances’ underlying members is the oracle blockchain Chainlink (LINK). Their head of Business Development, Dan Kochis, announced that they are excited to navigate ‘the direction of Polkadot’s growing ecosystem.’
Other members of the alliance include numerous technology providers, such as Plasm Network, Tidal Finance and Polkaswap. As part of this program, Polkadot have stated that they will be releasing a ‘thousand validators’ this month, providing support and incentives to network participants to run a Polkadot node.
The project parallels the program launched on its sister network Kusama in February. While the parachain’s node count was close to 180 in February, the blockchain now supports over 700, with an additional 393 awaiting. Currently, two-thirds of the Polkadot network’s supply is being staked. As the ecosystem comprises of just 249 validator nodes, this for many, is indicative of a large portion choosing to use additional service platforms.