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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.


Subsocial Network - The biggest Social Network in Polkadot Blockchain

3 Mar 2021 2 minute read 0 comments Makingdigital

The concept of Sofi or social finance will begin to break into the coming years thanks to the advancement of decentralized applications and the growth of Blockchain. The Crypto world will give you that characteristic touch that we need, decentralizat...

Here’s What We Covered During Equilibrium’s Third Community Call

2 Mar 2021 4 minute read 0 comments Equilibrium

We just held the third instance of our community call, which serves as a monthly check-in and update for our growing body of DeFi supporters. Just like the previous two times, we had Equilibrium CEO Alex Melikhov, Director of Customer Success Lesley...

Statemint - Polkadot's New Generic Asset Parachain Proposed by Parity

10 Mar 2021 1 minute read 0 comments Novasky

Polkadot team last month announced it's Common Goods parachain offering on the slots basis. This opened up a lot of discussions in the Polkadot community. The on-chain governance parachain was offered on the slot basis for upto 2 years before it can...

This is not an ordinary AMPLEFORTH review - Pros and Cons

3 Jan 2021 5 minute read 5 comments VNFC

  Inception: what is AMPLEFORTH? Do you know what is a Stablecoin? In two words: it is a coin with a stable value. Some well known examples are: - FIAT-collaterized coins (1$ is deposited into a bank for every crypto USD "printed"): USDC, TUSD, PAX,...

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...

A week in Kusama: November 30 - December 6, 2020

7 Dec 2020 1 minute read 0 comments Web3 Foundation

Kusama News Referendum 93, increasing the number of validators gradually to 900 from 700, has passed and will go into effect this week. https://kusama.polkassembly.io/referendum/93 The current referendum is once again asking for a redenomination. No...

DOT/USD Market Structure: Q1 2021 so far

27 Feb 2021 1 minute read 0 comments idm

This post examines DOT/USD price and volume movement from Jan-01 to Feb-26. January DOT/USD trading saw much higher volume than February. The year began with DOT below 10 USD - and a high volume changed hands around the 9-10 USD price range. Around...

A week in Kusama: To January 10th, 2021

11 Jan 2021 2 minute read 0 comments Web3 Foundation

Kusama News The Kusama Digest has been off for a couple of weeks, so this will be a high-level review of some VERY exciting times in the Polkadot ecosystem. There has been quite an upsurge in scams recently. Please be aware, THERE IS NO DOT AIRDROP....

4 Hidden NFT Gems of 2021

12 Mar 2021 4 minute read 1 comment CryptoMarketeer

It all started with punk rock faces in a thousand variations of hairstyle and eye-wear. And then a tribe of bug-eyed fantasy cats took over Ethereum, propelling it to almost take over Bitcoin in market capitalization.  The birth of NFTs — we’ve w...

How to Staking Polkadot on Binance

11 Mar 2021 1 minute read 4 comments Makingdigital

One of the most interesting tools that we find on the Binance platform is its Staking service. The most popular centralized exchange internationally, not for this reason, the best in the world, offers the user many opportunities. We only have to pay...