In an exclusive BlockchainBrad update, ACALA Co-Founders explain why ACALA is ONE TO WATCH in 2021-Blockchain’s legit builder scene! ACALA’s multi-chain enabling full tech stack, embedded in the Polkadot, Parity and Substrate tech stacks, powers TECH COMPOSABILITY & INTEROPERABILITY for DeFi and the Web3 like never before! ACALA is a decentralized finance hub and stablecoin platform powering cross-blockchain liquidity and applications. Think Stable Currency: ACALA Dollar is a type of cryptocurrency that is referred to as a stablecoin. On ACALA, eligible customers can earn rewards for every Acala Dollar they hold. Think Staking Liquidity: Release staked assets (DOTs) as fungible & liquid assets (L-DOTs), extracting the derivative value of staked assets to fuel DeFi without sacrificing the security of the whole network. Think: Powered by Polkadot. ACALA Network is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability. Think Influence by Ownership: A decentralized network governed entirely by ACALA Network Token (ACA) holders to achieve a transparent future: a future based on more truth and less trust.
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Timestamps:
00:07 Introduction
00:52 What is ACALA?
04:17 Specialised network
07:36 EVM compatible platform
10:01 Potential of ACALA: IMMENSE
12:35 Multi blockchain future: FORGET MONO-CHAIN- MULTI-CHAIN is the FUTURE
15:30 Supporting other blockchains, built into the model & the premise of Polkadot’s design.
18:43 Position with Polkadot. L0, L1 and the countless crypto applications of tomorrow
21:08 Scaling: built into the tech stack.
24:21 Mainstream adoption
26:52 DeFi Discussion
28:26 ACALA potential: returning to the point the potential really is immense
29:50 Cross-chain tech.
34:56 Roadmap
42:21 Why Polkadot? Why Parity?
45:07 Partnerships: SCOOP by Ruitao..
49:25 Upcoming news
51:18 Last words
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Links:
Website: https://acala.network/
Twitter: https://twitter.com/AcalaNetwork
Telegram: https://t.me/acalaofficial
Discord: https://discord.com/invite/6QHVY4X
GitHub: https://github.com/AcalaNetwork
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PAYMENT/DONATION DISCLOSURE:
This was free content (I even pay editors to help). I have not received financial compensation for doing this video in any way.
INVESTMENT DISCLOSURE:
I do not own any Acala tokens.
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GENERAL DISCLAIMER:
The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained from this website or directly from the website owner.
