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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.


Polkadot Decoded!

16 May 2021 1 minute read 0 comments BertRedd

The Biggest Polkadot Event of the Year!     Hello everyone, as most of you knows (maybe), there will be Polkadot Decoded in 3 days, featuring Polkadot founders Gavin Wood and Robert Habermeier and more interesting people! Let's have a closer look!  ...

Efinity - A Polkadot Based Marketplace for NFTs

15 May 2021 1 minute read 0 comments Novasky

NFT market is getting hot lately. And ETH has managed to acquire a lot of small and large companies selling the digital items on it's ecosystem. Nobody thought that Polkadot could be getting it's own NFT marketplace. But that is now possible due to t...

PROSPECTIVE PARACHAINS

15 May 2021 1 minute read 3 comments merchant

Hi everyone. today we will talk about prospective parachains. Parachains — a system for the interaction of several blockchains. Important representatives of the parachains are coins such as kusama polkadot and cosmos.   Kusama was founded in 2019 b...

Karura’s Crowdloan & Parachain Auction Are Imminent - Support the Parachain Auction

14 May 2021 1 minute read 0 comments STAF

Karura Friends, We’re days away from the Karura crowdloan event, which invites you to contribute KSM in support of Karura’s parachain auction bid. Supporters who contribute to the crowdloan will receive a distribution of Karura rewards at launc   Kar...

Market FUD? BTC dump? KSM DGAF! This bird was born to fly!

13 May 2021 1 minute read 0 comments amtraderpro

Hi guys! Despite the bloodbath on the market Kusama Network token made new ATH at $588 mark and currently is trading at $539. After breaking and testing the resistance (yellow line) at $280-300 in mid March we saw the KSM setting a new high at $567 f...

Bitcoins Falling Market Dominance

12 May 2021 1 minute read 0 comments CryptoEnthusiast

BTC dominance is currently at 43% That makes sense considering weve just had a strong run and its currently alt season. That said, considering how bullish BTC has been recently its low dominance isnt indicative of it weakening but rather more indica...

Blockchain Jobs And The Rise Of Web 3.0

10 May 2021 8 minute read 0 comments TheCriptonaut

Hi there, let's get straight to the point :) Today I want to give a quick overview of new crypto-related jobs and the rise of web 3.0 (which is going to be 4.0 really soon!). Hope you enjoy this :) Here's what you'll find here: A brief introduction...

DOT how long should I wait?

4 May 2021 1 minute read 8 comments amtraderpro

Hi guys! My last post analysis on DOT seemed to start working out till the moment when BTC crashed and dragged the whole market down. That's why I always say no matter the setup on alts, BTC is the boss on this market for now and if it's dumping then...

Reef finance and it REEF

3 May 2021 1 minute read 3 comments Akterron

  Reef Finance Reef Finance is based on different Blockchain Polkadot smart contracts and has as main component an engine called the shopping cart engine, through which it is possible to access different cross-chain DeFi strategies with just one cl...

Kylin Network-Data Infrastructure for Web3.0

2 May 2021 1 minute read 4 comments Cyph3rpunk

Kylin Network aims to create a cross-chain platform powering the Data Economy. Built on Polkadot , Kylin is gonna provide Data infrastructure for Decentralized Finance and Web 3.0  Kylin Network seeks to provide data necessary to build DeFi products...