Luxembourg-based crypto data provider and crypto wallet Blockchain.com has partnered with blockchain ability protocol Polkadot.

Driving decentralization

On Aug. 20, Blockchain.com declared it'll integrate its Blockchain wallet with the Polkadot Network so as to drive the adoption and decentralization of Polkadot tokens (DOTs).

Once the integration is complete, users of Blockchain.com are going to be able to store, send and receive DOTs, as well on vote on projected amendments to the network protocol and council members.

The new partnership aims to market the thought of decentralization. Peter Smith, co-founder and chief executive officer of Blockchain.com, noted within the announcement that Polkadot is “exactly the kind of purpose-driven network” that's supported by the corporate. He expressed that the team behind Polkadot shares Blockchain.com’s vision for a lot of decentralization and enlarged user management.

Announced in 2017, Polkadot is that the 1st project of the Web3 Foundation. The project is being developed by the founders of Parity Technologies, Polkadot founder and Ethereum co-founder Gavin Wood and Ethereuem’s 1st security chief Jutta Steiner.

In June 2019, Polkadot declared that it sold 500,000 DOTs at an unspecified price, keeping the firm’s $1.2 billion valuation. Polkadot introduced its experimental version of the protocol dubbed Kusama,following the distribution of tokens.

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