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Gavin Wood’s Ethereum Blockchain Challenger Polkadot Raise$43.3m in Quiet Private Sale

by Richard Kastelein According to a Bitcoin address associated with Polkadot made public yesterday, the Web3 Foundation and Parity Technologies were flooded with some 3,982.07 bitcoin (BTC) worth an estimated $43.3 million in a quiet 72-hour token sale this week. Founded by Ethereum architect and co-founder Gavin Wood, Polkadot is a network protocol that allows arbitrary data — not just tokens — to be transferred across blockchains. Polkadot claims to be a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible and say the protocol can transfer data across public, open, permissionless blockchains as well as…

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