The Third Web
The Ether Review <5:00 - Polkadot & Melonport
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:05:48
- More information
Informações:
Synopsis
In Brief: Melon is a protocol and asset management software suite for setting up and managing portfolios containing cryptocurrencies. It achieves this through the use of the Polkadot blockchain network. Raison D’etre: Polkadot, designed by Gavin Wood, is like an internet of blockchains. It is the communication protocol that Melon needed to manage digital assets across multiple blockchains. Right now there is no safe way to give the ability to secure and manage digital assets to another entity. Evidenced by the ongoing occurrence of hacks on digital asset exchanges - $70M in the Bitfinex hack alone. There is also no sure way to determine the performance of portfolio managers in the digital asset space. Melon solves these problems: by allowing portfolio owners to maintain control of the digital assets contained therein, while allowing a manager to adjust the exposure to each asset. By tracking the performance of individual asset managers using the provability, provable history of the Polkadot protocol. Wha