PolkaFoundry aims to be the first practical, accessible, and widely adopted decentralized application (dApp). In the long run, its goal is to be a viable decentralized alternative to cloud computing platforms.
PolkaFoundry is a one-stop dApp factory providing interoperability with DeFi and Web 3.0 ecosystems by leveraging the Polkadot multi-chain blockchain.
It's optimized to tackle various real-world problems, especially those related to dApp UX, to the highest standard of practice and efficiency demanded from the non-stop technological industry nowadays.
The platform consists of a public blockchain (the PolkaFoundry blockchain) plus several dApp developer support services, including identity service (PolkaID), document storage service (DocuGuard), and Oracle service (Decentralized Gate).
Its vision is to provide every person with complete control and the freedom to utilize their valuable assets in a digitalized, secure, and accessible manner. Developers then could choose either centralized or decentralized technology, or a combination of both, depending solely on the value of application data and trustworthiness of relevant parties instead of the maturity and usability of the underlying technology.
How Does PolkaFoundry Work?
PolkaFoundry blockchain is an account-based blockchain. Each transaction is a contract call. For instance, to issue or transfer an asset, you should call the "issue" or "transfer" function, respectively, of the "Assets" system contract. To deploy a smart contract, you should call the "deploy" function of the "ContractDeployer" system contract. By doing so, the blockchain core can handle all transactions the same way, avoiding the maintenance overhead of using transaction types.
The PolkaFoundry specifies how the blockchain shall communicate with off-chain data sources, trusted execution environments, and other blockchains. It also defines a protocol for working with a type of integrated sidechain called "Autonomous Area."
PolkaFoundry (PKF) is still too young to talk about annual Return On Investment (ROI). However, its ROI over the last month was 14%, which could be higher if there was not 26% decline in the last week. Our report about PKF’s ROI can be found here.
A great capable marketing team and brand awareness have a direct impact in the success of any project. Our data shows that PKF’s marketing team is doing a great job! While the number of PKF’s Twitter followers had been relatively constant from late April to late August 2021, the exponential growth from August 28 to September 21 led to 597% overall increase in the number of followers over the last five months. PKF’s Telegram channel also saw a similar trend in the number of users, with 362% growth during the same period. You can have access to our popularity report here.
Talking about market capitalization ranking, PKF’s rank followed a U-Shaped trend over the last five months, with the minimum rank of 1380 on June 27, 2021. By the time of writing this post, it is ranked 702 with roughly $28 million worth. The same trend can be seen for PKF’s price, with the minimum value of $0.13 on June 21, 2021. Moreover, its liquidity score is 21% below the market's average score, making it harder to sell PKF if the market is falling. You can see our full report here.
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