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.


Top Web3 Digital Assets

31 Dec 2021 3 minute read 15 comments Heath Muchena

What is Web3? The term Web3 was coined by Ethereum co-founder, Gavin Wood, who is also the founder and lead developer of Parity Technologies and the creator of Polkadot and Kusama. Web3 essentially represents the next phase of the internet, consistin...

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30 Dec 2021 2 minute read 5 comments acesontop

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29 Dec 2021 4 minute read 2 comments Equilibrium

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28 Dec 2021 1 minute read 0 comments Equilibrium

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27 Dec 2021 6 minute read 2 comments StealthEX

On December 23, 2021, we had StealthEX & Flux crypto coin AMA Session in our Telegram Community Chat and here is a recap. Just take a little time to read through and learn everything you need about FLUX coin. Let’s start! We are delighted to be joine...

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27 Dec 2021 3 minute read 1 comment RitabeII

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Equilibrium and Efinity Partnership: 2 Million EQ + EFI Bonuses

23 Dec 2021 1 minute read 0 comments Equilibrium

Equilibrium is proud to get behind Efinity, Enjin’s NFT parachain, in the Polkadot parachain auctions. We are sponsoring this project’s crowdloan in order to provide more value to the Polkadot community. Equilibrium has teamed up with one of the top...

The Essential Guide to Boost Lottery

23 Dec 2021 1 minute read 1 comment Equilibrium

Equilibrium’s Polkadot crowdloan is all the rage! To kickstart the crowdloan, we offer massive potentials to our investors. Till December 31, all users can get an extra bonus with a little bit of luck. All you need to do is vote with xDOT. Make sure...

EQ Crowdloan Participation Checklist

22 Dec 2021 4 minute read 0 comments Equilibrium

The Equilibrium team wishes you Happy Holidays and rolls out this comprehensive guide to help our community get the most out of our crowdloan and to understand our bonus structure. We are pleased to announce our early bird bonus has been extended ove...

The Heated Debate Over Web 3.0 Future Reality

22 Dec 2021 2 minute read 3 comments thecharliebrown

Web 3.0 will completely change life as we know it. Web 3.0 will completely overtake Web 2.0 shortly. Or will it? Cryptobite dives into the deep debate to see what is going on. Brief Intro to Web 3.0 Short and simple is Web 3.0 is the decentralization...