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Polkadot Network (DOT)

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Polkadot is a revolutionary blockchain infrastructure designed to enable the next generation of the web where users control their own data and identity. It creates this infrastructure by providing a way to connect different, independent blockchains together in a single network, allowing them to interoperate, exchange data, and process transactions with the benefit of shared security provided by the Polkadot Relay Chain. It also allows interaction with non-blockchain systems and established blockchains such as Bitcoin and Ethereum. 

With a transaction speed of up to one thousand transactions per second, Polkadot solves the major problems that hampered blockchain adoption to date and enables blockchain applications from decentralized finance (DeFi) and energy to the Internet of things (IoT) and gaming. 

Polkadot is built using Substrate, a modular framework for building blockchains. Chains built with Substrate can easily connect to the Polkadot ecosystem. 

Polkadot is a project of Web3 Foundation.

Before being integrated into Polkadot, the technology can be tested on the experimental platform Kusama, which has been built with (almost) the same code.

DOT - the native Polkadot tokens - serve several functions. They: 

  • give holders a role in controlling the governance of the platform
  • are staked for operating the network
  • can be bonded for a parachains
  • can be used to pay fees within the network

Polkadot is the brainchild of Gavin Wood, co-founder and former CTO of Ethereum.


Track all Parachain Auctions on CoinMarketCap

12 hours ago 1 minute read 0 comments EverythingBlockchain

With the main aim of making life simple for its users, CoinMarketCap has launched a designated page to track the progress of parachain auctions on Polkadot and Kusama. Users can access this feature by clicking on Calendars and then selecting Polkadot...

InvArch: Revolutionizing Startup Networking

2 Aug 2021 1 minute read 0 comments CryptoKota

Millions of users access LinkedIn and Indeed every day, offering their skills and years of experience in exchange for a job opportunity from an employer. It's ironic when you consider how much most of society detests the income disparities between th...

OMNI App, Gather All Big Social Media Platforms In One Place - Get Rewarded In OMNI Coins For Using It!

2 Aug 2021 5 minute read 0 comments ralleeee12

OMNI App - All-In-One Platform     I had be easy to have all big social media platforms like Facebook. TicTok, Instagram, WhatsUp and even the e-commerce Shopify in one place gathered, well that's exactly what OMNI is doing instead of having x5 apps...

InvArch: Blockchain Features & Use Cases.

31 Jul 2021 2 minute read 0 comments CryptoKota

Chances are that you belong to at least one of the following groups:   You have or have had a great idea, but not the skills to make it real. You’re highly skilled, but feel like you’re being held back. You’ve wanted early startup capital or access...

Polkadot’s Moonbeam Now Launches dTrader DEX

30 Jul 2021 1 minute read 0 comments Novasky

dTrader is one of the popular decentralized exchange in the DeFi space. A lot of ETH based DeFi projects already make use of the dTrader DEX for it's DeFi functionality. Now the dTrader worked with the Moonbeam team in order to deploy it's DEX in the...

InvArch: A Bridge Between Ideas and Creation

29 Jul 2021 1 minute read 2 comments CryptoKota

Other blockchains have demonstrated great success in a variety of areas—Internet of Things (IoT), finance, governance, identity management, web decentralization, and asset-tracking to name some. As a result of these advancements, the world has determ...

Karura Swap - New Decentralized Exchange (DEX) on Kusama Network

26 Jul 2021 1 minute read 1 comment Novasky

Acala network has been pretty busy this year on the Polkadot blockchain. They recently won the parachain bid on the Kusama network. And they have decided to deploy their DEX on the kusama blockchain.  This DEX platform would allow the network users t...

Facebook Diem to Polkadot Bridge Project from Pinknode and Pontem Network

22 Jul 2021 1 minute read 1 comment Novasky

Libra is dead! Facebook gave up on it realizing it is going to trigger a lot of legal issues. Now they just want to deal with stablecoin and not trying to dominate the world with their libra. They started Diem project just to become a stablecoin on s...

Karura - understanding what LKSM is and how it works.

21 Jul 2021 1 minute read 7 comments CryptoPlankton

This week Karura will start rolling out live functions on its apps, giving holders access to a range of DEFI products on Kusama, some of which are not entirely familiar to uses of other DAPPs.The key underlying function of Karura is the ability to st...

Polkadot (DOT): Must...Buy...MOAR!

20 Jul 2021 3 minute read 2 comments Buss

I have an obsession with the future of web3 platforms, Polkadot.  It goes up... I buy a bit.  It goes down...I buy tons more.  I loaded up my bags once again this morning adding an additional 24% to my holdings.  At the current price of below $11 I s...