Polkadot Network (DOT)

686 Articles 52,581 Followers

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.

I Joined Warpcast Through A Coinbase Quest

14 Feb 2024 2 minute read 24 comments PVM

Social media has become an integral part of our lives and society, and the web3 evolution had a big impact on how things work. Centralization is the big issue with social media platforms, as the big companies control every aspect, from how users inte...

5 Crypto Trends To Watch In 2024

9 Dec 2023 1 minute read 15 comments Cryptofab

I recently watched an awesome AMA with Stef Wynendaele, VP of Market-Making at Keyrock, a leading liquidity provider in the crypto space. During the AMA, Stef shared some cool insights into the latest trends shaping the future of crypto. Here's a run...

Japan gives green light to draft law Allow joint venture companies to hold crypto Hoping to stimulate Web3 startups to expand

12 hours ago 1 minute read 0 comments zulmai khan

The Japanese government approves a bill that would allow venture capital firms to acquire crypto assets. which if approved by the parliament The bill will encourage investment in Web3 startups. Last Friday (February 16), Japan's Ministry of Economy,...

New OKX Web3 Wallet

20 Nov 2022 2 minute read 0 comments Duvinca

Hello people! I recently received an email from OKX, not the ones they are sending now reminding us (and "reassuring" us) that our funds are safe on these exchanges, but something new. The wallet. It is a Web3 Wallet, and what is it? A web3 wallet i...

Polkadot Hello World #5: Minting, Bonding, Staking, Slashing

25 Aug 2019 8 minute read 2 comments talfco

This week’s article is about “minting”, “bonding”, “staking” and “slashing” which are core functions of a Proof of Stake (POS) blockchain consensus engine. It’s a follow-up article of “Polkadot Hello World #2: Get Nominated As An Official Validator”,...

How to Maximize Portfolio in Closed Beta. Case 5: DEX Arbitrage

9 Sep 2022 2 minute read 0 comments Equilibrium

Dear Equilibrians, if you haven’t followed us lately, we’ve got massive news: we’re launching our Closed Beta phase, where you can be one of Equilibrium’s first users and explore our key functionalities. Plus, a $40,000 reward in EQ is lined up for p...

What's The Difference Between Web1, Web2 And Web3?

4 Apr 2023 2 minute read 6 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

Have you ever wondered what is the meaning of Web3? What is the difference between Web1, Web2 and Web3? In this article I will try to explain it to you. I would like to point out that it is very difficult to trace indicative dates to say when one era...

Still Holding That Bag of DOT? Use Cases Within the Polkadot Ecosystem

30 Oct 2023 2 minute read 2 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...

Hive Outreach, Zealy Marketing And 5000 HDB For September Sprint

20 Sep 2023 1 minute read 4 comments PVM

I love a good zealy sprint and a proper competition! This is why I joined the newest LeoFinance marketing campaign to double-up the amount of content creators and content consumers on Hive! There's a good incentive, as 5,000 HBD are allocated for the...

What types of cryptos are there?

15 Nov 2021 4 minute read 40 comments Austras

All cryptos were built to fill a function. Payment, store of value, apps running on them, earning potential, borrowing, even memes are built on crypto. But there are so many broad and different use cases, I wanted to condense them into one list so it...