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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, the King of Cross-chain Explained

27 Apr 2021 5 minute read 14 comments DigiFinex

1.What is Polkadot? Polkadot, a "heterogeneous blockchain" founded by Gavin Wood, former CTO of Ethereum, is an impeccable blockchain project that is perfect in every sense. Its founder, Gavin Wood, is the author of the Ethereum White Paper and the...

The Best Projects On Polkadot (Top Ten 2021)

7 Feb 2021 3 minute read 36 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Regarding the technical functioning of Polkadot I had already talked about it in this article: Will Polkadot (DOT) Be The New Ethereum? How Does It Work?However, the most important thing to understand is the functionality of the parachain: independen...

Moonbeam 😎 The Future of Crypto is Multi-Chain

12 Feb 2021 3 minute read 12 comments Cryptonator`s

Not only investors are crazy about the Polkadot ecosystem, but also developers are. The developer community is absolutely excited about Polkadot which is the key factor when it comes to building a whole ecosystem around Polkadot. One of the hottest p...

Join the Kusama Thousand Validators Programme

14 Sep 2020 1 minute read 3 comments Web3 Foundation

Receive Nominations to Kickstart your Validator on Polkadot’s Wild Cousin, Kusama Kusama network launched in July 2019 as an early, unaudited version of Polkadot’s codebase. The network launched with a set of 25 validators and has been rapidly passi...

My Crypto Portfolio

26 Aug 2020 6 minute read 14 comments johnwege

I don't know about you guys, but I have become somewhat obsessed with maintaining my portfolio.  Checking the prices each morning when I wake up, looking countless times through out the day and of course before I go to bed.  Not only that but I'm als...

A Detailed Guide on Blockchain Interoperability

15 Oct 2020 5 minute read 9 comments NOWNodes

Originally published in the NOWNodes blog. Blockchain gives freedom to developers as there are no fixed standards in the world of blockchain. But can we say the same for the IT departments? Ask any IT guys dealing with blockchain technology, and they...

How Ocean Protocol Is Building The Data Economy Of The Future 🐳

5 Oct 2020 4 minute read 18 comments Cryptonator`s

In my last post, I told you about my TOP 3 DeFi Altcoins Powered By Polkadot. I believe that the three projects Ocean Protocol, Mantra DAO, and Polkastarter are having a huge potential. They are primed for massive gains in the upcoming months. For th...

Web3 Foundation Has an Open Grants Program

25 Sep 2020 2 minute read 9 comments Web3 Foundation

Web3 Foundation has an open grants program that runs alongside our general grants program. Transparent and efficient, the new program is running on GitHub, funding projects that support the Polkadot ecosystem up to US$30K equivalent, administered in...

What Is Polkadex (PDEX) And How Does It Work? | KuCoin Crypto Gem Observer

16 Apr 2021 2 minute read 2 comments KuCoin Blog

To this day, there is still much debate around the benefits of centralized exchanges versus their decentralized counterparts. While DEXs are the champions when it comes to anonymity, their low liquidity in comparison with CEXs can be a major deterren...

Kusama & Polkadot: How do they compare?

9 Sep 2020 2 minute read 6 comments Web3 Foundation

Polkadot and its wild cousin Kusama are built on nearly the same codebase but they have a few key differences. We’ll explore these briefly below and look at how use cases on Kusama are likely to differ from Polkadot as the networks develop. Kusama o...