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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.


NFTs are arriving on Polkadot!

31 Mar 2021 1 minute read 0 comments N1CE - The Crypto Experts

It's been a while now since Non-Fungible Tokens have become the crypto trend of the moment. A lot of blockchains are trying hard to bring a chunk of this expanding movement on their side, but still Ethereum has got the largest community and the large...

DeFi's and the advance over traditional

16 Sep 2020 1 minute read 1 comment alquimista1501

I have already commented on other occasions about the explosion that is being experienced with Decentralized Finance (DeFi) and how the acceptance of the crypto-enthusiastic public in general is increasing. The massive adoption of many of its platfor...

USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

Shadows Network - A Polkadot Based Asset Trading Platform to Get Risk Coverage from Bridge Mutual

16 Mar 2021 1 minute read 0 comments Novasky

Polkadot has been getting a lot of trading and staking projects for some time now. The amount of projects investing into the Polkadot ecosystem for asset trading and the DeFi has been in rise this quarter. Yesterday an asset trading platform named Sh...

REEF FINANCE LAUNCHES!!

29 Dec 2020 1 minute read 0 comments EliteHodler

The Reef Finance Coin finally launches, reaching a value of $0.30 in the first hourly candle and closing at just under $0.02 USD. What is Reef Finance? Reef is a DeFi operating system, smart liquidity aggregator, and yield engine that resolves these...

Polkadot (DOT) Attempting to Reclaim September Highs (TA - 14th September)

14 Sep 2020 2 minute read 4 comments pheonixdown-dee

The Polkadot (DOT) price has bounced at an important support level and is aiming to break above its previous highs. Failure to break out above the current resistance area could once again trigger a rapid drop towards the $3 level.   Polkadot Trad...

Kusama Defies Market Dump!

25 Aug 2020 1 minute read 0 comments Sapphire

The Polkadot Network Polkadot has been performing so well over the past week and is currently enjoying some sun in the Top 10! Polkadot is now seated in the number 7 spot after dethroning Litecoin, Cardano and BSV! A few weeks ago I went into some de...

What Happened With PHALA Network (PHA) Price Upon Listing. Is PHALA A Polkadot Gem?

13 Sep 2020 1 minute read 0 comments surpassinggoogle

In this cryptoulog, we will take a quick look at Phalanetwork and its coin PHA, which has started out big listing on Huobi, which is well established and big exchange. Did Phala moonshot in turn? What happened to its price once it listed on Huobi? Ho...

2020 The New Crypto Alt cycle - aka (10x or go home!)

1 Sep 2020 7 minute read 1 comment TheThird

Introduction - Are You READY ! You would be hard pressed to prove we are not in the beginning of the start of a new crypto expansion cycle. This, for me is confirmed by two key indicators: 1. The excellent S2F bitcoin measure 2, the overarching globa...

Polkadot DOT : Fast profits for Kraken and Binance?

11 Sep 2020 1 minute read 0 comments Gamma

Kraken and Binance blamed for Polkadot DOT listing Both the Kraken and Binance platforms listed Polkabot's DOT 3 days before their upgrades. This upgrading is done with a ratio of 1:100 by a process called New DOT. This leads to a competition to the...