Polkadot Network (DOT)

536 Articles 52,677 Followers

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.


Why Your Crypto Business Needs Dedicated Nodes

15 hours ago 1 minute read 0 comments GetBlock

When we talk about blockchains, not numerous newcomers are familiar with the concept of nodes. Still, nodes are an integral part of blockchain technology. In fact, it wouldn’t be possible to pierce the blockchain without nodes. In this article, we're...

Collateral Discounts: a Powerful Tool to Manage Liquidity Risks

5 Aug 2022 2 minute read 0 comments Equilibrium

Using illiquid assets as collateral poses significant risk to the money market and the long term sustainability of the Equilibrium protocol. Polkadot is only preparing for the major lift off and many of its parachains still have low utility and low...

5 Ways Borrowers Can Manage their Crypto-assets Portfolio Risks Despite Cryptocurrency Volatility

2 Aug 2022 4 minute read 2 comments Equilibrium

It has been a run of chaotic months for Blockchain startups and investors as cryptocurrencies took a sharp decline. While this crypto winter has made Blockchain technology and cryptocurrencies more popular, it is not for the right reasons. The volati...

Bullish For Long-Term Investment On Crypto

26 Jan 2022 12 minute read 15 comments ben06x

Looking back to the past months/years we might be prepared for being hit by an important dump market/economic crisis. COVID-19 pandemic, government debts, surging inflation, Russia-Ukraine conflict with USA involved, global warming, food consumption...

What is ENS and Why it Matters

18 Nov 2021 2 minute read 0 comments Fish.Pro

Wealth Legendary is never absent in Crypto market.The most discussed this week is retroactive ENS airdrop and a Chinese ENS early adopter who was gifted with 2.8 million US dollars through the airdrop. Under such surprising stimulus, ENS has seen a w...

Tally Ho: The Simplest and Step-by-Step Guide in Web 3.0 Wallet

24 Jul 2022 1 minute read 6 comments Laurenceuuu

What is Tally Ho? Tally Ho is an open-source and community-owned wallet that works through DAO which caught my attention because it shows the real meaning of decentralization. The best feature of Tally Ho that is unique and different from other walle...

Polkadot — A heterogeneous multi-chain framework

2 Aug 2022 7 minute read 3 comments EverythingBlockchain

  Primer — Founded by Gavin Wood (Co-founder and former CTO of Ethereum, inventor of Solidity, and founder of Web3 foundation), Polkadot envisions itself as a next-generation blockchain protocol that unites an entire network-of-purpose built blockcha...

Innovative Web3 financial solutions of New Age DEFI Super App - Parallel Finance

2 Aug 2022 3 minute read 0 comments Greenchic

Gone are the days, when crypto investors passively held their crypto without earning any rewards. In today’s day and age in crypto, we have DEFI applications that give yields and rewards to crypto investors for depositing their crypto into DEFI prot...

Kucoin Highlights - 2022 is for building a better Cryptoverse

24 Jul 2022 4 minute read 21 comments PVMihalache

The first half of 2022 was though for everyone in the Cryptoverse, with scandals, bankruptcy, hacks and a high level of panic over the future of cryptocurrencies. However, Kucoin kept building a better ecosystem! The People's Exchange didn't stopped...

LINK, FTM, DOT, Aave and UNI | Chart Analysis | Going Sideways | 13 MAR

13 Mar 2022 1 minute read 2 comments Joao16

For more content like this tip me if you can! thank u :)     DOT Analysis DOT is holding very nicely on the 16$ support but is at the same time getting a good resistence, because of that and because BTC is also goind sideways i would say this month i...