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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.


Polkadot in Education - Parity and UC Berkeley Collaboration on Blockchain Education

5 Mar 2021 1 minute read 0 comments Novasky

Parity technologies, the people behind the Polkadot's Parity signer app have decided to collaborate with the UC Berkeley for blockchain education. Parity has been pretty much active in the Polkadot's substrate ecosystem with their Signer app on Andro...

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...

Subsocial Network - The biggest Social Network in Polkadot Blockchain

3 Mar 2021 2 minute read 0 comments Makingdigital

The concept of Sofi or social finance will begin to break into the coming years thanks to the advancement of decentralized applications and the growth of Blockchain. The Crypto world will give you that characteristic touch that we need, decentralizat...

Polkadot Growth - FD7 Ventures to Fund Blockchain Projects in Cardano and Polkadot

3 Mar 2021 1 minute read 0 comments Novasky

Polkadot wins again. This time it is Dubai based venture company that plans on investing into the Polkadot. FD7 ventures is the company that plans on liquidating it's BTC in order to invest into Polkadot.  Polkadot's flexible bridge like interoperabi...

Here’s What We Covered During Equilibrium’s Third Community Call

2 Mar 2021 4 minute read 0 comments Equilibrium

We just held the third instance of our community call, which serves as a monthly check-in and update for our growing body of DeFi supporters. Just like the previous two times, we had Equilibrium CEO Alex Melikhov, Director of Customer Success Lesley...

Polkadot Parachain Launch Roadmap & Common Good Chains

1 Mar 2021 1 minute read 1 comment Novasky

Polkadot is now getting it's parachain ready for the final stage. A lot of crypto projects are interested in the parachain interoperability and dot's scaling capacity. So it's interesting to see how it goes in real world scenario. The team behind the...

Buy Polkadot (DOT) Token in India — Step by Step Guide For Beginners

1 Mar 2021 6 minute read 4 comments rinkeshjha

What is Polkadot? Polkadot is a sharded protocol that enables blockchain networks to operate in synergy. The DOT token serves three distinct purposes: governance over the network, staking, and bonding. Like Ethereum, Polkadot has an active ecosystem....

Polkadot (DOT) USDT Pair could be an interesting check-in for the upcoming sessions

28 Feb 2021 1 minute read 2 comments AshkyKharoo

In the last 3-4 days of the trading session, Polkadot experienced one of the sharpest declines reaching $26.5 from the record high at $42.3 (USDT), an approx ~37% pullback. Currently trading above the 23.6% Fib retracement level of the download move...

Comparing ADA and DOT in the Ethereum Economy

27 Feb 2021 2 minute read 8 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...

Review: DOT and the Polkadot Blockchain

27 Feb 2021 6 minute read 0 comments awkbr549

Score: A   Summary The primary use case for Polkadot is enabling interoperability between blockchains, regardless of their features or their status as a private or public blockchain. The Polkadot blockchain is an open-source platform founded by the W...