SINGAPORE, Oct. 28, 2021 /PRNewswire/ -- EQONEX Labs, the crypto research arm of Nasdaq-listed EQONEX Limited (Nasdaq: EQOS), today released an easily downloadable, in-depth research report, analyzing the evolution and adoption of the Polkadot protocol.
Blockchain technology has provided a multitude of opportunities to revamp the financial ecosystem and for investors to participate in a new asset class. However, the ecosystem is plagued by three main issues ? a so-called 'trilemma' comprising: fragmentation (the lack of interoperability), governance, and scalability.
According to EQONEX CEO Richard Byworth, "Polkadot presents a strong investment opportunity given the technology was developed to address the issues inherent in blockchain. While some commentators are describing Polkadot as a challenge to Ethereum, we see it as a valuable next-generation ecosystem that has the potential to deliver enormous value, and this was our rationale for listing a Polkadot (DOT) token on the exchange and adding it to our Digivault custody offering ".
"The Polkadot project represents a paradigm shift in the world of blockchain technology by introducing a protocol which brings several game changers, including democratic governance, interoperability between multiple blockchains, and a highly modular and upgradeable blockchain development framework. Though not fully launched, Polkadot shows a tremendous amount of potential," said Claire Zhao, Blockchain Researcher at EQONEX and one of the authors of the report.
As parachains are not live on the Polkadot mainnet yet, adoption trends can be observed from usage and behaviour on the Substrate framework, which can provide a basis for expected adoption trends on the Polkadot mainnet.
*All figures accurate at time of writing
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About EQONEX Group
Eqonex Limited is a digital assets financial services company focused on fairness, governance, and innovation. The group encompasses cryptocurrency exchange EQONEX as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform, Access Trading, a securitization advisory service EQONEX Capital, market leading hot and cold custodian Digivault, and asset manager Bletchley Park.
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