Le Lézard
Classified in: Science and technology
Subject: MRR

Polkadot solves blockchain pain points, concludes EQONEX in latest research report


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.

Key Findings:

Ecosystem Adoption:

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

Media contact:

Kristen Kaus
Kristen.Kaus@eqonex.com 

Heather Dale
heather.dale@eqonex.com 

Investor Relations Contacts:
Christian Arnell
ir@eqonex.com

Gateway Investor Relations:
Matt Glover
Diginex@gatewayir.com

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.

For more information visit: https://group.eqonex.com.

Follow EQONEX on social media on Twitter @eqonex, on Facebook @eqonex, and on LinkedIn

This press release is provided by Eqonex Limited (f.k.a. Diginex Limited "Eqonex") for information purposes only, is a summary only of certain key facts and plans of Eqonex and includes forward looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or solicitation in relation to any securities or other regulated products or services or to make use of any services provided by Eqonex, and neither this press release nor anything contained in it will form the basis of any contract or commitment whatsoever. This press release has not been reviewed by any regulatory authority in any jurisdictions. Forward looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Eqonex's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: Eqonex's limited operating history and history of net losses; Eqonex's ability to execute its business plan; the rate and degree of market acceptance of Eqonex's products; failure to obtain the requisite regulatory licenses and qualifications or establish partnerships with entities in certain jurisdictions to satisfy regulatory requirements; changes in laws or regulations; litigation and regulatory risks; Eqonex's inability to successfully identify, hire and retain skilled individuals; competition; Eqonex's inability to successfully develop technology to service its business lines and keep pace with rapidly changing technology and client or regulatory requirements; risks of cyber incidents; reliance on vendors and third-party service providers; inability to protect or preserve its proprietary rights and the risk of infringing on the intellectual property rights of others; potential conflict of interest arising from managing different business lines; risks of employee misconduct and manipulation of distributed ledger networks and smart contract technology by malicious actors; risk of Eqonex losing access to its private keys or data loss relating to its digital asset investments; the ability of Eqonex to grow and manage growth profitably; general economic and market conditions impacting demand for Eqonex's products and services, other business line specific risks and such other risks and uncertainties included in Eqonex's Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") on June 30, 2021, including those under "Risk Factors" therein, and in Eqonex's subsequent filings with the SEC, which are available on the SEC's website at www.sec.gov.

In addition, any forward-looking statements contained in this press release are based on assumptions that Eqonex believes to be reasonable as of this date. Eqonex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

Copyright (c) Eqonex Limited 2021.

SOURCE EQONEX


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News published on 28 october 2021 at 10:44 and distributed by: