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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.


Web3 Foundation Has an Open Grants Program

25 Sep 2020 2 minute read 9 comments Web3 Foundation

Web3 Foundation has an open grants program that runs alongside our general grants program. Transparent and efficient, the new program is running on GitHub, funding projects that support the Polkadot ecosystem up to US$30K equivalent, administered in...

DOT/USD Market Structure: Q1 2021 so far

27 Feb 2021 1 minute read 0 comments idm

This post examines DOT/USD price and volume movement from Jan-01 to Feb-26. January DOT/USD trading saw much higher volume than February. The year began with DOT below 10 USD - and a high volume changed hands around the 9-10 USD price range. Around...

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...

Common Good Parachains in POLKADOT & The Free-Rider Problem

17 Mar 2021 3 minute read 1 comment kev_nag

By way of introduction, the core of the POLKADOT system lies within its Relay Chain which is responsible for the interoperability of the network and the shared network security all while securing the parachains and parathreads within the protocol. Th...

Apron Network - Infrastructure Service Provider at Polkadot

16 Mar 2021 1 minute read 2 comments Makingdigital

One of the advantages of the Polkadot blockchain is that it will allow many applications and companies to integrate their projects and work within it to offer products and services to users who love the DeFi world. The ultimate goal is to provide uti...

Polkamarkets Hits KuCoin...The FOMO was REAL

16 Mar 2021 2 minute read 0 comments BussTechno

Polkamarkets (POLK) was added to Kucoin at 1100 GMT today.  For some U.S. citizens that is too dang early in the morning to be watching the charts; fortunately for you I took one for the team to see what kind of madness was about to happen.  Immediat...

Shadows Network - A Polkadot Based Asset Trading Platform to Get Risk Coverage from Bridge Mutual

16 Mar 2021 1 minute read 0 comments Novasky

Polkadot has been getting a lot of trading and staking projects for some time now. The amount of projects investing into the Polkadot ecosystem for asset trading and the DeFi has been in rise this quarter. Yesterday an asset trading platform named Sh...

Polkadot DeFi Gateway Reef Finance Gets $20 million from Alameda Research

13 Mar 2021 1 minute read 1 comment Novasky

Polkadot is hot these days with every invested blockchain project in it's ecosystem making some name and earning funding this year. One such project that has got some decent funding for it's DeFi effort is REEF. Reef finance is one of the first cross...

4 Hidden NFT Gems of 2021

12 Mar 2021 4 minute read 1 comment CryptoMarketeer

It all started with punk rock faces in a thousand variations of hairstyle and eye-wear. And then a tribe of bug-eyed fantasy cats took over Ethereum, propelling it to almost take over Bitcoin in market capitalization.  The birth of NFTs — we’ve w...

How to Staking Polkadot on Binance

11 Mar 2021 1 minute read 4 comments Makingdigital

One of the most interesting tools that we find on the Binance platform is its Staking service. The most popular centralized exchange internationally, not for this reason, the best in the world, offers the user many opportunities. We only have to pay...