The Blockchain team (Blockchain.com), which offers one of the most popular crypto wallets, has announced that is planning to add support for Polkadot Network.

Luxembourg-based Blockchain’s crypto wallet currently supports the following cryptoassets: Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Stellar Lumen (XLM), and Paxos Standard Token (PAX).

Polkadot was announced in 2017, and it was founded by Dr. Gavin Wood (one of the co-founders of Ethereum and its former CTO), Peter Czaban, and Robert Habermeier.

The blog post by the Blockchain team published on August 20 says that the purpose of this partnership is “to accelerate the adoption and decentralization of Polkadot tokens (‘DOTs’) as it aims to solve the challenges of cross-blockchain interoperability and create a new paradigm for on-chain governance.”

It goes on to say that after this integration has been completed, “Blockchain’s over 41M Wallets will not only be able to store, send, and receive DOTs, but also drive the network’s governance by voting on key questions like proposed amendments to the network protocol and council members.”

Polkadot’s approach means that rather than miners dealing with governance, users are empowered “to control and upgrade the network to adapt to market needs, without having to resort to a hard fork.”

Nicolas Cary, a Co-Founder of Blockchain, made this announcement, alongside Polkadot’s Gavin Wood and Robert Habermeier, at the recent Web3 Summit in Berlin (August 19-21):

 

Featured Image Courtesy of Blockchain