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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.


Comparing POLKADOT With BITCOIN and ETHEREUM 2.0 (POLKADOT'S Relative Superiority)

26 Mar 2021 3 minute read 1 comment kev_nag

INTRODUCTION: Currently, the progress and growth surrounding the Cryptocurrency industry moves forward with great speed and due regard to efficiency. Initially BITCOIN was introduced with its demonstrable spike in price. Then, in response to the robu...

Let your IoT device spend some money. For your benefit

4 Mar 2021 3 minute read 1 comment Diana King

In 2019, a robot-artist Gaka-Chu first sold its drawing for cryptocurrency. Having received an order directly from a customer via a mobile app, it (or he/she then?) generated a picture for a reward in crypto to pay for electricity and paints. That is...

Join the Kusama Thousand Validators Programme

14 Sep 2020 1 minute read 3 comments Web3 Foundation

Receive Nominations to Kickstart your Validator on Polkadot’s Wild Cousin, Kusama Kusama network launched in July 2019 as an early, unaudited version of Polkadot’s codebase. The network launched with a set of 25 validators and has been rapidly passi...

Polkadot's exciting 10 day Round-Up

27 Mar 2021 1 minute read 2 comments Joker1919

                                 17th march 2021 - Polkassembly Motion 70 : Council members successfully passed a motion  to upgrade to runtime v29. This sends it to the external que where it will then be voted on as a referendum. 19th March 2021 - A...

What is Kylin Network and How Does it Work?

29 Mar 2021 2 minute read 2 comments N1CE - The Crypto Experts

If I were to ask you what's the most valuable resource of our current time, what would your answer be? Oil? Gold? Electricity? Well, those are still pretty valuable but the right answer is... Data! The problem is that the largest part of data we coll...

NFTs are arriving on Polkadot!

31 Mar 2021 1 minute read 0 comments N1CE - The Crypto Experts

It's been a while now since Non-Fungible Tokens have become the crypto trend of the moment. A lot of blockchains are trying hard to bring a chunk of this expanding movement on their side, but still Ethereum has got the largest community and the large...

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...

When Polka $DOT will hit the $100 mark - real FOMO will kick off!

29 Mar 2021 1 minute read 4 comments amtraderpro

Hi guys! I guess there are not many people in crypto community who don't HODL at least one DOT token. If you are one of them let us know in the comments below and buy some of this gem as long as it is still on earth, preparing for the moon mission. I...

What is Kusama and why KSM price is UP almost 10x in 6 months

16 Mar 2021 3 minute read 0 comments N1CE - The Crypto Experts

As many of you probably already know, Polkadot is one of the freshest blockchain protocol aiming to create an ecosystem of crypto projects (much like the Ethereum network). Polkadot was founded in 2016 by Gavin Wood (one of the co-founders of Ethereu...

CUTTING LOSSES IN LONG TERM BONDING OF TOKENS - POLKADOT/BIFROST SOLUTION

18 Mar 2021 3 minute read 2 comments kev_nag

INTRODUCTION:  [ This introduction is reproduced from my prior article entitled "Common Goods Parachains in POLKADOT & The Free-Rider Problem" found at https://www.publish0x.com/kev-nag/common-good-parachains-in-polkadot-and-the-free-rider-proble-xnq...