Surprise, surprise, Polkadot is now available to trade within your IRA / 401k at iTrustCapital! While we are working hard to bring you other assets and offerings, we thought this might be a nice surprise.
Who created Polkadot?
The story of Polkadot starts with Gavin Wood. He is arguably the most important creator of Ethereum, after Vitalik Buterin. Gavin Wood is the one who invented the Ethereum Solidity programming language and even wrote the first Ethereum software, Parity. Due to disagreements about the roadmap of Ethereum in 2017, Gavin Wood decided to venture on his own and build what would be an entirely new blockchain that would be seen as complementary to Ethereum. This new project was Polkadot.
What is Polkadot?
Polkadot is a next-generation blockchain designed for global scale and provides the ability to help make Web 3 mainstream. Polkadot is not only one of the first pure Proof of Stake blockchains, but it’s one of the first sharded blockchains as well. This helps provide robust decentralization and security, while allowing for thousands of transactions per second with incredibly low fees.
Many analysts agree that Polkadot feels very similar to the early days of Ethereum. Die hard entrepreneurs working together to build a next-generation money internet. At the time of writing, more than 358 teams, projects and companies have pledged to help build on or around the Polkadot ecosystem.
Polkadot in your retirement account
iTrustCapital is proud to announce support for Polkadot trading starting on February 9th, 2021. This will allow our clients to get access to this next-generation digital asset within their IRA’s, which provides tax benefits for compounding wealth long term. If you want to learn more about iTrustCapital, please read our About Us.