Permanence DAO AMA

Polkadot will host an AMA on Telegram on April 15th at 13:30 UTC. The session will feature Permanence DAO.

Polkadot will host an AMA session on Telegram on April 15th at 13:30 UTC.

The session will feature Permanence DAO.

Announcing a Telegram AMA Session with Permanence DAO!

?️ April 15th at 13:30 UTC

? Polkadot Telegram Group: t.me/polkadot

Join us as we chat with Permanence DAO about their mission to empower the Web3 community.

We'll be discussing:

* Permanence DAO's role in fostering collaboration and innovation

* Their contributions to the Polkadot ecosystem

* The importance of community engagement in Web3

Don't miss this opportunity to learn more about Permanence DAO and how they are shaping the future of decentralized technology. See Moreoutput: Polkadot is an open-source protocol envisioned by Dr. Gavin Wood, co-founder of Ethereum, with the intent to advance the blockchain technology further by focusing on security, scalability, and innovation. This project aims to build an infrastructure that supports new concepts while maintaining interoperability, marking the next step in the evolution of blockchain technology.

In Polkadot’s ecosystem, individual blockchains are termed as “parachains” and the main chain is known as the “Relay Chain”. The network promotes constant and smooth information exchange between these parachains and the Relay Chain, thereby offering interoperability. Through Substrate, a platform for building cryptocurrencies and decentralized systems, any developer or entity can create a custom parachain that becomes interoperable with all other parachains once connected to the Polkadot network. Network validators manage the security and validation of data across these parachains, enhancing scalability.

DOT, the native token of Polkadot that bestows governance rights of the entire Polkadot platform to its holders, encompassing network fee determination, voting on network upgrades, and managing parachains. Besides, DOT facilitates network consensus via staking, incentivizing holders to adhere to the rules to avoid losing their stake. Lastly, DOT is used for “bonding” when adding new parachains to the ecosystem, wherein the bonded DOT remains locked during the bonding period and is released after the parachaין