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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.


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...

Bullish altcoin - DOT to moon

10 Mar 2021 1 minute read 2 comments Cryptofab

Polkadot is now the coin #4 in market cap... outpassing Cardano. DOT is only 15% lower in market cap than BNB - the #3, which surged again this week as explained in my previous article. In the short term, BNB should remain higher than DOT in market c...

Polkadot DeFi Alliance has New Member - Deeper Network

7 Mar 2021 1 minute read 0 comments Novasky

Polkadot has managed to get the attention of many DEFi projects and the smart contract companies. There are many decentralized networks out there who are planning on moving their infrastructures to the Polkadot ecosystem. This is not only for the dec...

What is Polkadot (DOT)?

6 Mar 2021 1 minute read 0 comments chris04

What is Polkadot (DOT)? Polkadot is a next-generation blockchain, capable of connecting multiple specialized chains into a single universal network. Therefore Polkadot aims to overcome the drawbacks of individual blockchains, i.e. the impossibility o...

Polkadot in Education - Parity and UC Berkeley Collaboration on Blockchain Education

5 Mar 2021 1 minute read 0 comments Novasky

Parity technologies, the people behind the Polkadot's Parity signer app have decided to collaborate with the UC Berkeley for blockchain education. Parity has been pretty much active in the Polkadot's substrate ecosystem with their Signer app on Andro...

Polkadot Growth - FD7 Ventures to Fund Blockchain Projects in Cardano and Polkadot

3 Mar 2021 1 minute read 0 comments Novasky

Polkadot wins again. This time it is Dubai based venture company that plans on investing into the Polkadot. FD7 ventures is the company that plans on liquidating it's BTC in order to invest into Polkadot.  Polkadot's flexible bridge like interoperabi...

Polkadot Parachain Launch Roadmap & Common Good Chains

1 Mar 2021 1 minute read 1 comment Novasky

Polkadot is now getting it's parachain ready for the final stage. A lot of crypto projects are interested in the parachain interoperability and dot's scaling capacity. So it's interesting to see how it goes in real world scenario. The team behind the...

Review: DOT and the Polkadot Blockchain

27 Feb 2021 6 minute read 0 comments awkbr549

Score: A   Summary The primary use case for Polkadot is enabling interoperability between blockchains, regardless of their features or their status as a private or public blockchain. The Polkadot blockchain is an open-source platform founded by the W...