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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 Kusama: October 26 - November 1, 2020

2 Nov 2020 2 minute read 0 comments Web3 Foundation

Kusama News Please be aware of scams! Note that Web3 Foundation, Polkadot, or Parity are NOT giving away DOT or KSM! There is currently a non-binding (system.remark) referendum to redenominate Kusama 100x, just as Polkadot was (1 "old KSM" → 100 "ne...

Equilibrium creates advisory board

30 Oct 2020 1 minute read 1 comment Equilibrium

We have the honor to have acquired several top-notch experts who are joining our newly established Advisory Board. Each of them is a specialist in their field. We are excited about them joining us and look forward to the added value and support that...

Robonomics Network values Polkadot slot at $ 3–6 million

29 Oct 2020 1 minute read 1 comment Diana King

Robonomics Network has evaluated the costs associated with leasing a Polkadot slot and announced their aim to take on a 2-year slot lease on the Kusama network. At the upcoming auction, the platform will distribute $720,000 in its native tokens among...

A week in Polkadot: October 19 - October 25, 2020

26 Oct 2020 1 minute read 1 comment Web3 Foundation

Polkadot News Interested in winning KSM or DOT while learning about Kusama and Polkadot? Check out Hello World! by Polkadot - https://gitcoin.co/hackathon/polkadot Reminder to register for Polkadot Decoded, the event for the Polkadot community on 3...

A week in Kusama: October 19 - October 25, 2020

26 Oct 2020 1 minute read 0 comments Web3 Foundation

Kusama News Interested in winning KSM or DOT while learning about Kusama and Polkadot? Check out Hello World! by Polkadot - https://gitcoin.co/hackathon/polkadot Jaco (developer of Polkadot-JS) has been approved as the curator for the first bounty o...

PolkaBTC - Tokenized Bitcoin under the Polkadot protocol is on its way

20 Oct 2020 1 minute read 7 comments Simplify Crypto

Interlay, a blockchain startup funded by the Web3 Foundation, will launch PolkaBTC early next year, a tokenized Bitcoin based on the Polkadot blockchain. Like all tokenized Bitcoin, PolkaBTC will be backed by 1: 1 with Bitcoin. The Polkadot network p...

A week in Polkadot: October 12 - October 18, 2020

19 Oct 2020 2 minute read 2 comments Web3 Foundation

Polkadot News Hello World! by Polkadot is live. It’s a Gitcoin-powered learning challenge where you can earn DOT and KSM. http://bit.ly/0x2HcwPtd  The latest episode of the Polkadot-focused podcast, Relay Chain, covers staking with Bison Trails. htt...

A week in Kusama: October 12 - October 18, 2020

19 Oct 2020 1 minute read 1 comment Web3 Foundation

Kusama News "Hello World! by Polkadot" is live. It’s a Gitcoin-powered learning challenge where you can gain DOT and KSM. http://bit.ly/0x2HcwPtd  Karura, Acala's DeFi chain, has been launched, and is aiming to be among the first parachains on Kusam...

USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

A Detailed Guide on Blockchain Interoperability

15 Oct 2020 5 minute read 9 comments NOWNodes

Originally published in the NOWNodes blog. Blockchain gives freedom to developers as there are no fixed standards in the world of blockchain. But can we say the same for the IT departments? Ask any IT guys dealing with blockchain technology, and they...