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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.


Binance Launchpool Reef Finance (REEF) Farming Day 4

26 Dec 2020 1 minute read 3 comments EliteHodler

Hey! Binance recently introduced Farming for Reef Finance (REEF) on Binance Launchpool, which you can read about it here, https://www.publish0x.com/binance-news/binance-introduces-reef-finance-staking-pool-launchpool-xkyyyze This is my update for far...

What Will Services On Polkadot Look Like?

14 Jul 2020 1 minute read 4 comments Web3 Foundation

Over 100 projects have been or are currently being built for the Polkadot ecosystem, ranging from core technical infrastructure to applications for DeFi (decentralized finance), privacy-oriented data, and digital identity systems (often called self-s...

3D of Mining

19 Nov 2020 1 minute read 16 comments Coincobra

Start mining now FREE. Mining 3D First Dimension - SHA-256 is a critical computational hash function that uses video cards and high logical capacity computers to guarantee the security, authentication and operation of the entire Proof of Work system...

Polkadot Gets New Trust Product through Osprey Funds

29 Apr 2021 1 minute read 0 comments Novasky

Every month we are getting some good news from the Polkadot network about it's adoption in the various CeFi and DeFi market. Previously Polkadot was listed as an instrument in one of the popular CeFi market. Osprey Funds recently announced that they...

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...

Journey to 1000x - Vol. 5

9 Sep 2020 4 minute read 5 comments BryRi

A commonly seen lead in: The Most Advanced Blockchain Layer-2 Scaling Platform. Main net is alive! Let's talk about Celer Network in our latest, Journey to 1000x - Vol. 5   The Polkadot Family   I keep reading about Polkadot and the amazing complexit...

All REASONs BEHIND the CRYPTOs COLLAPSE, briefly📰📌

20 May 2021 1 minute read 4 comments Havall✨

Hey! Yesterday we witnessed one of the most abrupt collapses in the history of the young crypto market and the reasons are different, you could almost define the current situation as "bad timing". Let's try to list, in order, the causes of this sudde...

Polkadot; the one protocol to join them all

30 Aug 2020 1 minute read 4 comments ManuelAR

This 2020 will be remembered as the year the world froze because of a virus. The economic repercussions of this global shutdown will be far reaching. One of the most evident repercussions is the renewed interest in crypto assets. But 2020 will be rem...

Polkadot price skyrockets thanks to Binance

1 Jan 2021 1 minute read 1 comment Makingdigital

The Swiss DOT token has managed to mark a strong uptrend in recent days thanks to the support of Binance. The most important international exchange together with Bittrex has included the DOT / BUSD pair in its market. The binance stablecoin is combin...

The issue of transaction costs - and how Polkadot might be the future Bitcoin.

29 May 2021 3 minute read 4 comments koekwaus

For a long time, I have been a customer of the ING bank, the biggest bank in the Netherlands by market cap and an established and trusted bank among many Dutch citizens. I mostly send money from and to other bank accounts in my own country or other E...