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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 Polkadot: October 5 - October 11, 2020

12 Oct 2020 1 minute read 5 comments Web3 Foundation

Polkadot News If you are reading this and looking for an entry-level position or internship, you might be a perfect fit as a technical educator https://web3.bamboohr.com/jobs/ Due to recent staking algorithm changes, unfortunately most nominators st...

Kira Network in simple words

11 Oct 2020 1 minute read 0 comments DronAlex

Kira Network is the DeFi project whose objective is improving the staking industry by enabling delegators to use their staked funds in DeFi ecosystem. How is it possible at all? To start with, let's explain the logic behind the implementation of this...

Woow !!! Polkadot (DOT) Has Completed Bullish Setup For Another Rally Upto 99%

10 Oct 2020 1 minute read 3 comments moon333

Hey, friends hope you are well and welcome the new update on Polkadot (DOT). In this video you will watch how:  On a daily chart, the price action of DOT is moving in a down channel and making a powerful attempt the breakout the resistance of this c...

MANTRA DAO Is A DeFi Ecosystem Powered By Polkadot With An Excellent Karma

8 Oct 2020 2 minute read 10 comments Cryptonator`s

No doubt, MANTRA DAO is one of my TOP 3 DeFi Altcoins Powered By Polkadot. After doing a lot of research, I believe that MANTRA DAO has huge potential and that it is primed for some massive gains. In short: MANTRA DAO has an excellent Karma, here is...

A week in Kusama. A round-up of what’s new in the Kusama universe, September 28 - October 4, 2020

5 Oct 2020 2 minute read 2 comments Web3 Foundation

Kusama News There is a discussion on the NFT strategy for Kusama taking place here: https://kusama.polkassembly.io/post/303 Kappa Sigma Mu is now up to 17 members. Congratulations to the new members! https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fcc3...

A week in Polkadot. A round up of what’s new in the Polkadot universe, September 28 - October 4, 2020

5 Oct 2020 2 minute read 2 comments Web3 Foundation

Polkadot News You may have noticed some changes in the validator selection algorithm, leading to having multiple validators active in the same era. The fix is still being investigated. Referendum #6 passed, which fixed some migration issues from the...

TOP 3 DeFi Altcoins Powered By Polkadot 🚀

3 Oct 2020 2 minute read 29 comments Cryptonator`s

Today I am going to share with you my TOP 3 DeFi players in the Polkadot ecosystem. I believe that these three Polkadot projects are primed for massive gains in the upcoming months. I guess you noticed the rise of Polkadot and all the hype connected...

POLKADOT ADOPTS THE BLUZELLE NETWORK

30 Sep 2020 3 minute read 0 comments nesbee

    I believe you are well aware of the demand for data storage and management facilities all over the world. This increasing demand results from the fact that every system has gone digital, moving its operations to the digital system to facilitate...

What is Plasm network (Next BOOM)

30 Sep 2020 2 minute read 1 comment bradry

What is Plasm Network? Plasm Network, a blockchain developed with the Substrate framework made by Parity Technologies. Plasm Network is additionally a part of the Polkadot ecosystem, particularly one that's planned to be a Parachain.   What is PLM to...

Ankr and StaFi Collaboration Announcement

30 Sep 2020 3 minute read 0 comments Ankr Network

On 28th Sept, we reached an agreement of cooperation with StaFi Protocol, a DeFi staking liquidity provider in the Polkadot ecosystem. We will provide our open and stable API service to facilitate development of the StaFi browser, wallet and other De...