Polkadot

Halal Rating :
Questionable
Last Price $7.01 Last updated:
Rank 14
1D Change -0.96 %
Market Cap $10.08b
Circulating supply 1,437,953,431
Maximum supply None

Crypto Overview

Categories
  • Substrate
  • Polkadot
  • Binance Chain
  • Polkadot Ecosystem
  • Three Arrows Capital Portfolio
  • Polychain Capital Portfolio
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  • Blockchain Capital Portfolio
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  • Kenetic Capital Portfolio
  • 1Confirmation Portfolio
  • Placeholder Ventures Portfolio
  • Pantera Capital Portfolio
  • Exnetwork Capital Portfolio
  • Web3
  • Spartan Group
  • Injective Ecosystem
  • BNB Chain
  • Layer 1

Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology. Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria. Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability. Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies' Substrate).

Crypto Impact

To assign a comfort level investing in Polkadot from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Polkadot.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating