Polkadot recently announced an allocation of 993,286 DOT, valued at over $20 million, to stimulate the development of the ecosystem and Web3.
Polkadot noted that The prize money offer known as the Polkadot Pioneers Prize is a carefully crafted challenge. to drive technical innovation on their networks
The first two challenges will be revealed later this year. and will include research and development on zero-knowledge and the infrastructure of Polkadot
So far, the project has allocated approximately 993,286 DOT, the network’s native cryptocurrency, over $21 million, with funding split between the first two challenges and subsequent types.
Polkadot intends to fund the Pioneers Prize using an on-chain treasury managed by the network’s token holders through on-chain governance.
The treasury currently holds over 20 million DOT tokens and is designed to support projects that will benefit the Polkadot ecosystem, such as the Pioneers Prize project.
The Polkadot Pioneers Prize will be supervised by an elected curator. And likely representatives from the on-chain treasury council, Parity Technologies, the Web3 Foundation, and other external ecosystem partners.
At the same time reportRecent research by the Crypto Carbon Rankings Institute (CCRI) has identified Polkadot as the blockchain network with the lowest electricity consumption and total annual carbon emissions.
CCRI analyzed 6 blockchain networks that use a mechanism. Proof-of-Stake (PoS) to determine their electricity consumption and the level of carbon emissions they produce. Among the blockchains analyzed were Solana, Polkadot, Tezos, Avalanche, Cardano and Algorand.
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