The Polkadot Ecosystem Will Benefit from Improvements
It is always important to do extensive study before making any decisions as an investor or trader. This also applies to the market for cryptocurrencies. As a result, the Polkadot (DOT) network will soon experience a number of improvements thanks to focused protocol updates.
Important Proposals Receiving Broadly Acceptance
A Kusama Council member named Bill Laboon recently noted on Twitter that more than 95% of voters have approved at least two proposals targeted at improving network operation. With 14 days remaining to vote, Referendum 101, which calls for a Wasm Smart Contracts Bounty, has already gotten 99% yes votes.
Referendums 103 and 104 to Dismantle the Zeitgeist Chain
Referendums 103 and 104, which seek to break the Zeitgeist parachain and have 98% approval and 19 days remaining to vote, are also gathering support in addition to Referendum 101.
Increasing the Number of Validators on the Polkadot Network
A plan is also in process to increase the Polkadot network’s required minimum of active validators to 500. This will maintain the network’s high responsiveness and functionality while also expediting the transaction validation process.
Polka Dot Price Today
Polkadot is now trading at $6.06, down 4.17% from the previous day and 8.29% from the previous week. Despite this, the currency has accomplished some noteworthy milestones this year, suggesting that a price breakthrough may be imminent.
Increasing Interest in Polka Dots
In the final three months of 2016, there were 64% more active accounts on the Polkadot network. Polkadot offers a great investment opportunity because to the favorable prognosis for the upcoming referenda and the rising demand for the coin.