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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's exciting 10 day Round-Up

27 Mar 2021 1 minute read 2 comments Joker1919

                                 17th march 2021 - Polkassembly Motion 70 : Council members successfully passed a motion  to upgrade to runtime v29. This sends it to the external que where it will then be voted on as a referendum. 19th March 2021 - A...

Is Polkadot (DOT) Ready for Its Big Break? Is it Now or Never?!

23 Mar 2021 8 minute read 1 comment Michael @ CryptoEQ

Overview Polkadot is an open-source blockchain network designed to enable various separate, siloed blockchains to become interconnected, application-specific sub-chains called parachains. Each chain built within Polkadot uses Parity Technologies...

NFT'S DON'T FRET - Relief from High Gas Fees Are On The Way (POLKADOT/KUSAMA)

27 Mar 2021 1 minute read 0 comments kev_nag

NFT'S may be added soon to POLKADOT thanks to KUSAMA, its canary network. Many of the present initiatives surrounding KUSAMA share a common goal of providing NFT'S on POLKADOT as soon as possible supporting applications in gaming as well as art and m...

PRESEARCH WITHDRAWALS - What You Need To Know (Terms and Conditions)

21 Mar 2021 2 minute read 1 comment kev_nag

INTRODUCTION: PRESEARCH is an open and decentralized search engine that through the PRESEARCH Browser Extension supports Brave, Chrome and Firefox browsers. The Browser Extension allows for searching privately without the necessity of sharing persona...

So I Got Lucky and Stand to Make an On-Paper Huge Windfall Playing ALIEN WORLDS

12 Apr 2021 1 minute read 6 comments kev_nag

About four months ago, on a lark, I read an article from Banano which referenced a game called Alien Worlds. Honestly, what initially caught my eye was the potential to have CrptoMonkeys dropped by playing the game, mining on the MonkeyMining propert...

When Polka $DOT will hit the $100 mark - real FOMO will kick off!

29 Mar 2021 1 minute read 4 comments amtraderpro

Hi guys! I guess there are not many people in crypto community who don't HODL at least one DOT token. If you are one of them let us know in the comments below and buy some of this gem as long as it is still on earth, preparing for the moon mission. I...

Here’s Your Step-By-Step Guide To Our DOT/EQ Token Swap

6 Apr 2021 3 minute read 1 comment Equilibrium

So you’ve decided to participate in our DOT/EQ token swap as the first phase of our larger parachain lease offering (PLO)! Good for you! Starting on April 12 and lasting until April 25, we will raise 250,000 DOT in exchange for our EQ tokens at a rat...

Sharded Parachain Ecosystems Close to Reality (POLKADOT/ACALA NETWORK)

31 Mar 2021 1 minute read 2 comments kev_nag

As announced on March 26, 2021, ACALA NETWORK secured the first parachain slot on POLKADOT'S Rococo testnet. Parachains such as this are acquired as a result of an auction process whereby different projects bid against each other for the parachain sl...

Meet Ankr… Our PolkaPets NFT Avatar Bearing Extra Rewards and Utility!

31 Mar 2021 2 minute read 0 comments Ankr Network

Ankr is excited to join the world of PolkaPets — the digital collectible card game that embodies Polkadot ecosystem projects as mythical creatures — with our own unique NFT card. Powered by PolkaPets’ immersive and educational gameplay, this collabo...

Comparing POLKADOT With BITCOIN and ETHEREUM 2.0 (POLKADOT'S Relative Superiority)

26 Mar 2021 3 minute read 1 comment kev_nag

INTRODUCTION: Currently, the progress and growth surrounding the Cryptocurrency industry moves forward with great speed and due regard to efficiency. Initially BITCOIN was introduced with its demonstrable spike in price. Then, in response to the robu...