Polkadot | Kusama | Plasm Network | Substrate 2.0 | HOT DOT NEWS #3 | DOT FEATURES #1 – Mobile Apps

Hi everyone! Welcome to Hot DOT News – the hottest events
digest from all over the Polkadot ecosystem. And of course we should start from the basement
of all the Polkadot universe: Substrate framework was upgraded to version 2.0! It's big news for all the projects built on
Substrate: because now, Substrate 2.0, coming with over 70 pallets, that makes developers’
work easier to build custom, scalable blockchains, interoperable with the Polkadot ecosystem. To know more join SUB0(ZERO) – The Substrate
Developer Community Conference, that will be held on the 15th of October.

Speakers will include Parity founders Gavin
Wood and Jutta Steiner, along with Parity core developers, as well as developers from
Acala, Kilt, Equilibrium, PureStake, Limechain, Snowfork, Chronicled and Commonwealth labs. Seems that is going to be the hottest party
of the Fall, don’t miss it! Link to the registration is in the comments. A lion's share of views got the news about
adding Polkadot and Kusama accounts to an Ethereum Name Service domain. ENS is decentralized naming for wallets, websites
and so on that means one name to all users’ cryptocurrencies, in format “name.eth”. Supporting wallets allow senders to use ENS
domains instead of long addresses, that is much more convenient and safe. Looks like everyone wants to have their own
domain! Hurry up – the coolest names will be taken
first. Reed “how to” guide clicking the link
below. Bifrost pleased its early supporters with
new incentive testnet Asgard CC3. 18000 BNC will be distributed among participants for
testing this promising DeFi Network.The testnet and the prizes are divided into 3 parts: 9000
BNC for validators phase started on 24th of September, 3000 BNC for EOS cross-chain transfers
part, started on 30th of September and 6000 BNC for VToken redemption test, that will
start on 10th of October.More than 300 already joined the fun, and there only 500 validators
slots, so come on and take your place among them! How to participate – read by clicking the
link in the comments.

Seems that the mainnet season is open: Darwinia
and Dock Networks announced their mainnets start. Colorful and heterogeneous Darinia Network
started from activation of the staking function. Users with Darwinia’s native RING or KTON
balance can now participate in validation and staking: read about it in the guide, placed
in the comments. Users, who haven’t RING and KTON for now
should wait for stage 3: when two-way cross-chain bridge with Ethereum will be established – stay
tuned to be informed! Dock mainnet is now live! Dock Network reached the important milestone:
this mainnet started on the 30th of September. Initially, Dock launches as a Proof of Authority
network and will migrate to Proof of Stake during 2021.

Proof of authority is an algorithm used with
blockchains that delivers comparatively fast transactions through a consensus mechanism
based on identity as a stake.It usually runs by the core team of the project. Proof of stake is a type of consensus algorithm
by which a cryptocurrency blockchain network aims to achieve distributed consensus. It usually runs by community.According to
Dock Wiki, the PoA phase is divided into 2 phases. First phase will last about 2-4 months with
the Association council full governance. During the second phase all the changes in
the network will be done after voting between councils. Proof of Stake stage will begin after Proof
of Authority phase ending.At the same time with mainnet the second, Proof of Stake testnet
will begin. Phala Network and MaskBook reached a partnership. Mask is a trading widget powered by Uniswap
& CMC. It automatically pops up whenever your mouse
hovers on a "$+ticker", like we usually write in Twitter “$ETH or $UNI”. Users can now view token price and trade with
Uniswap without leaving Twitter. To show their capabilities Mask book launched
a short demo with Phala Network as an example, and should be said, it looks impressive.

Sora Network performed referendum on the New
Tokenomics. The referendum passed with a big margin and
main changes concern the migration from the first version of XOR token to the second one,
the capping first XOR at 350,000 until the 2nd version launch, and appearing a new staking
reward token, called STK. All the changes are complicated, but very
interesting, and definitely worth studying. Read more in Sora's article, the link is below. Another news is about Polkadot and Kusama
parachain auction: Sora network will participate in both and reserve up to 30% of PSWAP tokens
from 30 millions total supply to reward the community for voting! Plasm network 2nd lockdrop is ended. There are more than 9400 participants and
more than 137000 ETH blocked for more than 50 million of US dollars. It's more than 8 times more than 1 lockdrop. And there are 13,6 billions PLM is the total
supply. And there are discussions about denomination. That is an incredible and unpredictable result
and we congratulate the Plasm team.Meanwhile some part of the community thinks that the
2nd Plasm lockdrop would dilute the value of the early lockdropers, and Plasm CEO Sota
Watanabe has the opposite opinion: his point of view you can read in the new Plasm network’s
forum, link is below.

And what do you think about this? Do you think that earliest contributors suffer
from the 2nd lockdrop or you agree with Plasm's? Please, write what you think in comments! Also you can check the Plasm Network plans
to implement scalable smart contract in new article StaFi has got a new Telegram bot, made by
Ryabina validator. Bot can track: transfers and rewards, fee
changes, democracy and treasury events, custom events. You can try it by clicking the link in the
comments. Another news about Stafi came jointly with
Bluzelle: they have announced a partnership. Bluzelle will help to support data for StaFi’s
staking contract, such as pledge, redemption, transaction, as well as mapping information
between rTokens & Staked tokens.

PureStake, the company developing the Moonbeam
smart contract platform, announced the completion of a $1.4 million seed round led by Hypersphere
Ventures. Other notable participants include Arrington
XRP Capital, HashKey, KR1, Bitcoin.com Exchange, and Du Capital. The funding will be used to accelerate development
of the Moonbeam network, a Polkadot parachain focused on interoperability. Moonbeam network also launched its first public
testnet: Moonbase Alpha. This first Moonbeam testnet is purely for
development purposes and the nodes are solely operated by PureStake. The team plans to release testnet upgrades
in the future that will add additional features, including the ability for external collators
to start producing blocks on the network.

More details are available on the Moonbeam
documentation website, the link you can find under the video. That’s all with the news today, but don't
leave! Check out our next block DOT FEATURES: meet
the best mobile application for Polkadot ecosystem. So now we are talking about mobile applications
for the Polkadot ecosystem. We can divide it for 2 main parts , the wallets
that provide the ability to hold and earn commission for staking. And the second group is the applications that
provide the special features of Polkadot life – staking, governance, voting, treasury. Today we talk about the second group and additionally
about Parity Signer. It is not a wallet actually, details will
follow. Here is the one of the best full functional
mobile applications – Polkawallet, this is not just a wallet , this is a full functional
application. It provides cross-chain asset management,
convenient staking and governance, the private key is self-owned by users. Polkawallet specializes only in the Polkadot
ecosystem and it's great, it gives a visually attractive experience and it's open source
and created by community members .

What Polkawallet can do?Cross-chain asset
management, Manage Relaychain & Parachain assets, anywhere, anytime. Intuitive staking options. Everything about staking is under control. Convenient governance. Never miss an opportunity to participate in
governance. Interchain Communication. Cross-chain asset transfer is just a part
of functionality. But just remember, mobile wallets are not
nearly as secure as desktop or hardware wallets so we definitely do not recommend storing
a significant amount of tokens in your phone Polkawallet which can be installed from Google
Play and App Store. After installing click on Create Account. The process is basically the same as for the
web version, we fill in the username and password and keep the seed in a safe place. Now let’s look at the nomination in Polkawallet. First, you need to select Polkadot as the
network to which the application will connect. Then go to the staking section and click on
Bond funds. Here we have the same settings as in Polkadot
JS, so we just select the number of tokens to nominate and confirm the transaction. In the next step, all you have to do is sign
and submit again, enter the password for your wallet and the nomination will be waiting
to be processed.

So the Polkawallet is almost full-functional
application that can be used instead of a desktop application . Now we have a second
one, ImToken. Lets see what it can offer their users… This Wallet is an application that can conveniently
save and transfer DOT, and at the same time can be used for staking and voting and use
applications on the Polkadot network via the wallet. Lets create new Polkadot and Kusama accounts
& backup via Mnemonic phrase. Press add wallet, choose KSM or DOT, add the
name and password, save the mnemonic phrase to paper, not use screen-shot. You got your wallet. To send and receive KSM and DOT you act like
with a normal desktop wallet. You can check your transaction history & portfolio
prices.

Let's see how to Stake/bond and unbond KSM
& DOT. In ImToken wallet we also have the same settings
as in Polkadot JS, so we just select the number of tokens to nominate and confirm the transaction. In the next step, all you have to do is sign
and submit , enter the password for your wallet and the nomination will be waiting to be processed. It needs some time to proceed, so be patient. You can be part of the network by participating
in Polkadot and Kusama governance and voting, Vote on proposals and vote for council members
and treasury. Press vote , choose the referenda , check
the info. about referenda and press vote to participate. You can also see the info about governance
and the voting process of council members. So we like imToken , we see that it is made
by a professional team with attention to details, but Polkawallet is more concentrated on the
ecosystem, that's why we like it more. And the next application is something you
probably never use before. Its a cold wallet by Parity, a cold but cool
feature that few people know about and we reveal it to you! Parity Signer is not actually wallet or full
functional application, it just converts your old smartphone to private keys keeper for
Polkadot and Ethereum ecosystem , it’s a great thing , just see how easy it working:
Download your Parity Signer from app store or Google Play.

Now you can turn your smartphone into a hardware
wallet. With Parity Signer, you keep your private
keys secure and sign transactions easily. You also can use it as a hardware wallet for
Ethereum and Ethereum-like blockchains. All data is transmitted over via only QR-codes. Download, go offline, and create your keys. Start by taking your old smartphone, restoring
it to factory settings, then turn off all wifi and bluetooth by going into airplane
mode once and for all.

Press add with QR-code. Show the QR code from the Signer to add the
account, don't forget to allow the camera on your desktop. Lets see how to send some funds from the account
that is protected by Signer. Press send, choose the address to sent. Sign with QR code, the system generates the
QR code, show it to Signer. Tha Scan the QR code provided by Parity Signer
to release your transaction to the blockchain and send your funds.Transaction complete,
that's all.

Very convenient and safe! Your private keys stay on your offline smartphone. Never confuse which network you are using. Those were our favorite mobile applications
and the next release will cover 3 best desktop applications that we like the most.Thanks
for watching, leave your comments and tell us what you would like to be reviewed in the
next issues! Bye-bye!.

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