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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.


The Best Projects On Polkadot (Top Ten 2021)

7 Feb 2021 3 minute read 32 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Regarding the technical functioning of Polkadot I had already talked about it in this article: Will Polkadot (DOT) Be The New Ethereum? How Does It Work?However, the most important thing to understand is the functionality of the parachain: independen...

Moonbeam 😎 The Future of Crypto is Multi-Chain

12 Feb 2021 3 minute read 12 comments Cryptonator`s

Not only investors are crazy about the Polkadot ecosystem, but also developers are. The developer community is absolutely excited about Polkadot which is the key factor when it comes to building a whole ecosystem around Polkadot. One of the hottest p...

Comparing ADA and DOT in the Ethereum Economy

27 Feb 2021 2 minute read 6 comments idm

This post examines how ADA and DOT traded against ETH so far in 2021. First we'll review the retail market structure of ADA/ETH and DOT/ETH. Next, we'll look at daily returns for ADA/ETH and DOT/ETH. Finally, we'll examine the correlation of these re...

CrypTalk (02): Connecting the DOTs of Polkadot

1 Feb 2021 2 minute read 3 comments Jane1289

Polkadot is currently ranking #4 in Coinmarketcap with the price of $15.53 and a market cap of $14,055,194,508 at the time of writing. Many experts believed that it deserves to be on that spot. It outperformed most of the cryptocurrencies in the mark...

Acala Network - Most anticipated Dapp of Polkadot

14 Feb 2021 1 minute read 4 comments Makingdigital

Without a doubt, one of the most anticipated DeFi projects for this 2021 is Acala Network. Many of us are eagerly awaiting the official release of this decentralized application that will be the mainstay of the Polkadot ecosystem. In case you don't k...

DOT makes new ATH after ATH.....DOT is on fire!!!!

18 Feb 2021 1 minute read 0 comments MrCoingrats

DOT has already risen over 500% this year so we were curious to see what the TA is currently like. On the daily, the price is going beautifully parabolic and a new support has emerged at 19.23. If we measure the breakout of the supply zone and its re...

How Equilibrium’s Stablecoin Works

11 Feb 2021 6 minute read 1 comment Equilibrium

By now you’re familiar with the thinking and functionality that drives Equilibrium. We’ve taken a broad view at how our platform operates, why it’s an improvement over other solutions, and we’ve introduced you to our core system asset, the EQ token....

Adoriasoft's Cosmos SDK supports Polkadot Parachain

21 Feb 2021 1 minute read 1 comment Novasky

Polkadot's substrate framework has helped many existing blockchains turn into a Parachain of Polkadot. Parachains allow developers to keep their existing released blockchain effort while migrating to the Polkadot network. The recent blockchain that h...

What is Polkadot (DOT)?

8 Feb 2021 3 minute read 4 comments GetBlock

For years, Polkadot (DOT) was among the most mysterious and controversial products in the new-gen blockchains segment. Now, when Polkadot nodes are up and running in mainnet for seven months, the time has come to dive deeply into its mechanisms and t...

Polkadot Wallets - Where to Store your DOT

17 Feb 2021 1 minute read 3 comments Novasky

Polkadot is getting popular and a lot of wallets have started supporting the DOT in their wallets. Considering DOT is among the top 20 cryptocurrency in the market. There is going to be a support for more wallets on all platforms supporting the DOT i...