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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: January 11-17, 2021

18 Jan 2021 1 minute read 0 comments Web3 Foundation

Kusama News Motion 253 (to issue a referendum for upgrading the Kusama runtime to v2027) is currently up for vote by the Kusama Council. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/council/motions The motion to issue a prop...

Polkadot - The Next Big Thing!?

20 Aug 2020 4 minute read 8 comments johnwege

First and foremost I do want to say that I am a huge fan of Ethereum and everything that it hopes to do and also believe in the project quite a bit.  But there is no denying that Eth 2.0's development has been lagging behind, and also the rising gas...

What Is Polkadex (PDEX) And How Does It Work? | KuCoin Crypto Gem Observer

16 Apr 2021 2 minute read 2 comments KuCoin Blog

To this day, there is still much debate around the benefits of centralized exchanges versus their decentralized counterparts. While DEXs are the champions when it comes to anonymity, their low liquidity in comparison with CEXs can be a major deterren...

Where to Store Polkadot (DOT) Coins

30 Mar 2020 3 minute read 7 comments ChangellyOfficial

Created by one of the Ethereum founders, Gavin Wood, the Polkadot network is a next-generation blockchain protocol. It aims to connect several chains in a single network. In 2020, Polkadot project boomed, so people started to talk about it. Since the...

I Sold All of My Cardano...For Polkadot

31 Aug 2020 3 minute read 24 comments johnwege

Let me start this off by saying I have been a big fan of Cardano since it was first announced; always thinking that it had a lot of potential in the crypto space.  I was holding ADA during it's all-time high price of around $1.33, and kept holding my...

Are these the hottest upcoming projects of 2020?

20 Jul 2020 5 minute read 5 comments N

  Let's start with a disclaimer. This article is based on my personal views and is not a recommendation to invest, buy or sell any cryptocurrency projects. The crypto market is highly volatile and you might end up losing all your investment. So befor...

Do You Know TRUST WALLET?

4 Dec 2020 1 minute read 8 comments Coincobra

Trust is Binance's official wallet but unlike Binance itself it works only as a mobile application. that is, if you want to take a look at your instances on a conventional desktop computer you won't be able to. Trust Wallet has good options for crypt...

Acala Network - Most anticipated Dapp of Polkadot

14 Feb 2021 1 minute read 4 comments Makingdigital

Without a doubt, one of the most anticipated DeFi projects for this 2021 is Acala Network. Many of us are eagerly awaiting the official release of this decentralized application that will be the mainstay of the Polkadot ecosystem. In case you don't k...

Introducing Westend: The Testnet for Polkadot and Kusama

18 Sep 2020 1 minute read 3 comments Web3 Foundation

Westend provides an environment for our infrastructure partners to test their Polkadot and Kusama deployment and processes. Westend is a Polkadot testnet, replacing Polkadot’s previous Alexander testnet. Westend more accurately resembles how you int...

A week in Polkadot: To January 10, 2021

11 Jan 2021 2 minute read 6 comments Web3 Foundation

Polkadot News The Polkadot Weekly News has been off for a couple of weeks, so this will be a high-level review of some VERY exciting times in the Polkadot ecosystem. There has been quite an upsurge in scams. Please note: THERE IS NO DOT AIRDROP. Roc...