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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.


The Inspiration Behind Polkadot

15 Sep 2020 1 minute read 4 comments Web3 Foundation

Gavin Wood has a passion for creating technical solutions for previously unsolvable problems, and delivering them. Following his role as co-founder and former CTO of Ethereum, he moved on to his current project, Polkadot. In the following video you w...

A week in Polkadot. A round up of what’s new in the Polkadot universe, September 28 - October 4, 2020

5 Oct 2020 2 minute read 2 comments Web3 Foundation

Polkadot News You may have noticed some changes in the validator selection algorithm, leading to having multiple validators active in the same era. The fix is still being investigated. Referendum #6 passed, which fixed some migration issues from the...

Get Ready For Bargains On Polkadot & Kusama!

28 Aug 2020 1 minute read 6 comments Sapphire

Buy Zone Incoming I have been writing about Polkadot and the projects involved within the ecosystem for quite some time now. Projects such as EDG and Kusama, projects that for some reason have managed to stay under the radar. Well, not for long as Ku...

Polkadot Connects

10 Sep 2020 2 minute read 8 comments Web3 Foundation

“Polkadot empowers the individual against much more powerful corporate and state actors.”Dr. Gavin Wood, Polkadot Founder Polkadot is a next-generation blockchain protocol that unites an entire network of purpose-built blockchains, allowing them to...

Bitcoin + Ethreum = Wrapped Bitcoin

25 Nov 2020 1 minute read 1 comment Coincobra

Wrapped Bitcoin is Ethereum's Bitcoin. In fact wBTC is the largest tokenized ERC-20 asset that is currently traded on the Ethereum blockchain. Therefore, it is the version of the BTC in Ethereum in the DeFi ecosystem. This Token is already listed on...

5 Facts About use Bitcoin PayPal

30 Nov 2020 1 minute read 7 comments Coincobra

  Fact 1 On October 21 it was announced by PayPal that from the beginning of next year, 2021, this giant company will accept payments through cryptocurrencies Bitcoin, Bitcoin cash, Ethereum and Litecoin. Fact 2 PayPal has a partnership with approx...

A week in Polkadot

21 Sep 2020 2 minute read 0 comments Web3 Foundation

A round-up of what’s new in the Polkadot universe, September 14 - 20, 2020 Polkadot News See the first inter-chain asset transfer using the new XCM protocol. https://twitter.com/gavofyork/status/1304849064891158528 Three Treasury proposals were rece...

Polkadot Launches Testnet for Sharding Implementation

7 Aug 2020 1 minute read 6 comments Abhimanyu Krishnan

On August 4, the Polkadot (DOT) project launched a testnet, called “Rococo”, for the implementation of its sharding solutions based on parachains. Initially comes with 3 default parachains: Tick, Trick and Track Currently supports Horizontal Message...

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...

A week in Kusama. A round-up of what’s new in the Kusama universe, September 28 - October 4, 2020

5 Oct 2020 2 minute read 2 comments Web3 Foundation

Kusama News There is a discussion on the NFT strategy for Kusama taking place here: https://kusama.polkassembly.io/post/303 Kappa Sigma Mu is now up to 17 members. Congratulations to the new members! https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fcc3...