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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.


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...

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...

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...

What is the most used digital payment method? (Spoiler: Neither BTC nor PayPal)

15 Sep 2020 5 minute read 5 comments Roberto D.

If you are passionate about cryptocurrencies, you have surely heard the name Tether by now. A few days ago the daily value of the exchanges of this cryptocurrency born in 2014, from the intuition of the Italian Giancarlo Devasini, would have overtake...

Polkadot: The Real Deal or just a Wannabe?

28 Aug 2020 4 minute read 10 comments SamBTC

A few days back as I was checking the crypto rates on Coingecko as I always do about 100 times a day, I suddenly noticed a new coin which I had not seen before. What totally baffled me was that this was not a new entrant in top 200 or top 100, it was...

Polkadot, Kusama and Gitcoin: Building the Future

17 Sep 2020 2 minute read 0 comments Web3 Foundation

Polkadot and Kusama have onboarded to the Gitcoin platform, strengthening the foundations of the Web 3.0 ecosystem and expanding the opportunities for developers to earn from open source projects. This is a landmark step towards our mission to contr...

A Brief Introduction To Polkadot

8 Jul 2020 2 minute read 6 comments Web3 Foundation

Polkadot is a next-generation blockchain protocol that connects multiple specialized blockchains into one unified network. Polkadot builds on the revolutionary promise of previous blockchain networks while offering the following fundamental advantag...

Polkadot - The Next Big Thing!?

20 Aug 2020 4 minute read 8 comments johnwege

First and foremost I do want to say that I am a huge fan of Ethereum and everything that it hopes to do and also believe in the project quite a bit.  But there is no denying that Eth 2.0's development has been lagging behind, and also the rising gas...

How to make money if crypto goes down

19 Sep 2020 2 minute read 20 comments Roberto D.

Ophelia Snyder and Hany Rashwan, founders of "21Shares", challenged everyone by listing on the Zurich Stock Exchange one of the first ETPs with underlying a basket of cryptocurrencies, including Bitcoin. 21Shares has broadened horizons by landing on...

I Sold All of My Cardano...For Polkadot

31 Aug 2020 3 minute read 24 comments johnwege

Let me start this off by saying I have been a big fan of Cardano since it was first announced; always thinking that it had a lot of potential in the crypto space.  I was holding ADA during it's all-time high price of around $1.33, and kept holding my...