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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 Hello World #5: Minting, Bonding, Staking, Slashing

25 Aug 2019 8 minute read 2 comments talfco

This week’s article is about “minting”, “bonding”, “staking” and “slashing” which are core functions of a Proof of Stake (POS) blockchain consensus engine. It’s a follow-up article of “Polkadot Hello World #2: Get Nominated As An Official Validator”,...

Polkadot Hello World #4: Security and Availability Aspects of Your Validator Node

25 Aug 2019 6 minute read 0 comments talfco

In this article, I will address two topics in the context of the security and availability aspects of your Validator Node. I’m aware that the tips presented are just covering the tip of the “security and availability” iceberg for a PoS validator node...

Polkadot Hello #3: Substrate and Wallets

25 Aug 2019 8 minute read 0 comments talfco

This is a repost of an article I wrote October 2018. Polkadot and Substrate evolved, nevertheless major concepts introduced are still valid. Around the 15th October (as announced in the following hackmd.io article) the Pre-POC-3 test net called “BBQ-...

Polkadot Hello World #2: Get Ready to Be Nominated as Official Validator

25 Aug 2019 9 minute read 0 comments talfco

This tutorial is based on Polkadot POC2 and potentially some steps are out-dated (but major concepts are still correct) I suppose you followed the steps as described in my first article and have now a stable Polkadot Validator cloud instance running....

Ethereum's Co-Founder Has a New Project Valuated at $1.2B And You Probably Haven't Heard Of It

12 Aug 2019 1 minute read 5 comments kevW!ls0n

Ethereum co-founder and programmer Gavin Wood’s current venture, the Polkadot (DOT) project, has concluded its token sale, selling 500,000 DOT tokens at a targeted value of a staggering $1.2 billion. No mention was made of the total sum of the funds...

Fidelity acquisition rumor + "Summer in Crypto" + Cosmos Network and Polkadot join the Crypto Unicorns list - Report reveals

11 Aug 2019 1 minute read 0 comments CryptoTapas.com

CV VC Report commissioned in collaboration with PwC and Strategy& has released its Top 50 picks for the first half of 2019 who are headquartered in Switzerland and Lichtenstein.  Report sheds a positive light on the Crypto space calling the space to...

Polkadot Hello World #1: Cost-Effective Cloud Deployment of a Validator Node

8 Aug 2019 10 minute read 0 comments talfco

This tutorial is based on Polkadot POC2, but may also work for POC3.   The following article series “Polkadot Hello World" describes the steps and findings during my personal kickoff phase in the area of the Polkadot multi-chain framework.   In the l...

(IJCH) Understanding the Different Colored Blockchain/Cryptocurrency Project Papers - A short Description of The White, Yellow, Mauve, Polkadot, Green, Blue, and Red Papers

30 Jan 2019 4 minute read 0 comments JaiChai

(IJCH) Understanding the Different Colored Blockchain/Cryptocurrency Project Papers - A short Description of The White, Yellow, Mauve, Polkadot, Green, Blue, and Red Papers   Source   IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinio...

How To Get An Extra Bonus During Equilibrium’s PLO Phase 1

18 hours ago 1 minute read 0 comments Equilibrium

We are raising funds to secure a parachain slot on Polkadot with our two-phase parachain lease offering. All told, we expect to have 250,000 DOTs on hand when the PLO Phase 1 is over on April 25. But we can only get there with the help of our communi...

DOT or ADA what will be the future ?

3 Apr 2021 1 minute read 0 comments tttomate

ADA or DOT,simple question, what do u think has more potential and why ? Thats the question i asked on the r/CryptoCurrencies Subreddit and after 3 days, It was clear  And as u can see ADA has won but if u start looking in to the comments u will see...