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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.


Latest Equilibrium Updates in October 2020

4 Nov 2020 3 minute read 0 comments Equilibrium

October has brought us several milestones. Let’s review these impactful events one by one in more detail. Kevin Hu of Dragonfly Capital invested in Equilibrium A partner at Dragonfly Capital has become our angel investor. Kevin will also bring in his...

Big Hope for Polkadot & Polkastarter

2 Nov 2020 1 minute read 4 comments Ariman

Following emotions is really NOT a good feature for a trader, but as soon as I heard about Polkadot I've soon felt bullish about this project. I will not make a comprehensive Polkadot review, but let's remind that it aims to be the future for the DeF...

A week in Polkadot: October 26 - November 1, 2020

2 Nov 2020 1 minute read 0 comments Web3 Foundation

Polkadot News We are seeing a huge uptick in scams lately. Be wary of anyone contacting you, and triple-check links and addresses! Note that Web3 Foundation, Polkadot, or Parity are NOT giving away DOT or KSM. Web3 Foundation has set up an open-sour...

A week in Kusama: October 26 - November 1, 2020

2 Nov 2020 2 minute read 0 comments Web3 Foundation

Kusama News Please be aware of scams! Note that Web3 Foundation, Polkadot, or Parity are NOT giving away DOT or KSM! There is currently a non-binding (system.remark) referendum to redenominate Kusama 100x, just as Polkadot was (1 "old KSM" → 100 "ne...

Equilibrium creates advisory board

30 Oct 2020 1 minute read 1 comment Equilibrium

We have the honor to have acquired several top-notch experts who are joining our newly established Advisory Board. Each of them is a specialist in their field. We are excited about them joining us and look forward to the added value and support that...

Robonomics Network values Polkadot slot at $ 3–6 million

29 Oct 2020 1 minute read 1 comment Diana King

Robonomics Network has evaluated the costs associated with leasing a Polkadot slot and announced their aim to take on a 2-year slot lease on the Kusama network. At the upcoming auction, the platform will distribute $720,000 in its native tokens among...

A week in Polkadot: October 19 - October 25, 2020

26 Oct 2020 1 minute read 1 comment Web3 Foundation

Polkadot News Interested in winning KSM or DOT while learning about Kusama and Polkadot? Check out Hello World! by Polkadot - https://gitcoin.co/hackathon/polkadot Reminder to register for Polkadot Decoded, the event for the Polkadot community on 3...

A week in Kusama: October 19 - October 25, 2020

26 Oct 2020 1 minute read 0 comments Web3 Foundation

Kusama News Interested in winning KSM or DOT while learning about Kusama and Polkadot? Check out Hello World! by Polkadot - https://gitcoin.co/hackathon/polkadot Jaco (developer of Polkadot-JS) has been approved as the curator for the first bounty o...

PolkaBTC - Tokenized Bitcoin under the Polkadot protocol is on its way

20 Oct 2020 1 minute read 7 comments Simplify Crypto

Interlay, a blockchain startup funded by the Web3 Foundation, will launch PolkaBTC early next year, a tokenized Bitcoin based on the Polkadot blockchain. Like all tokenized Bitcoin, PolkaBTC will be backed by 1: 1 with Bitcoin. The Polkadot network p...

A week in Polkadot: October 12 - October 18, 2020

19 Oct 2020 2 minute read 2 comments Web3 Foundation

Polkadot News Hello World! by Polkadot is live. It’s a Gitcoin-powered learning challenge where you can earn DOT and KSM. http://bit.ly/0x2HcwPtd  The latest episode of the Polkadot-focused podcast, Relay Chain, covers staking with Bison Trails. htt...