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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.


My Crypto Portfolio

26 Aug 2020 6 minute read 14 comments johnwege

I don't know about you guys, but I have become somewhat obsessed with maintaining my portfolio.  Checking the prices each morning when I wake up, looking countless times through out the day and of course before I go to bed.  Not only that but I'm als...

What is Polkadot (DOT)?

6 Mar 2021 1 minute read 0 comments chris04

What is Polkadot (DOT)? Polkadot is a next-generation blockchain, capable of connecting multiple specialized chains into a single universal network. Therefore Polkadot aims to overcome the drawbacks of individual blockchains, i.e. the impossibility o...

How Ocean Protocol Is Building The Data Economy Of The Future 🐳

5 Oct 2020 4 minute read 18 comments Cryptonator`s

In my last post, I told you about my TOP 3 DeFi Altcoins Powered By Polkadot. I believe that the three projects Ocean Protocol, Mantra DAO, and Polkastarter are having a huge potential. They are primed for massive gains in the upcoming months. For th...

Moonbeam 😎 The Future of Crypto is Multi-Chain

12 Feb 2021 3 minute read 12 comments Cryptonator`s

Not only investors are crazy about the Polkadot ecosystem, but also developers are. The developer community is absolutely excited about Polkadot which is the key factor when it comes to building a whole ecosystem around Polkadot. One of the hottest p...

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...

Statemint - Polkadot's New Generic Asset Parachain Proposed by Parity

10 Mar 2021 1 minute read 0 comments Novasky

Polkadot team last month announced it's Common Goods parachain offering on the slots basis. This opened up a lot of discussions in the Polkadot community. The on-chain governance parachain was offered on the slot basis for upto 2 years before it can...

TOP 3 DeFi Altcoins Powered By Polkadot 🚀

3 Oct 2020 2 minute read 29 comments Cryptonator`s

Today I am going to share with you my TOP 3 DeFi players in the Polkadot ecosystem. I believe that these three Polkadot projects are primed for massive gains in the upcoming months. I guess you noticed the rise of Polkadot and all the hype connected...

Kusama & Polkadot: How do they compare?

9 Sep 2020 2 minute read 6 comments Web3 Foundation

Polkadot and its wild cousin Kusama are built on nearly the same codebase but they have a few key differences. We’ll explore these briefly below and look at how use cases on Kusama are likely to differ from Polkadot as the networks develop. Kusama o...

A Detailed Guide on Blockchain Interoperability

15 Oct 2020 5 minute read 9 comments NOWNodes

Originally published in the NOWNodes blog. Blockchain gives freedom to developers as there are no fixed standards in the world of blockchain. But can we say the same for the IT departments? Ask any IT guys dealing with blockchain technology, and they...

MANTRA DAO Is A DeFi Ecosystem Powered By Polkadot With An Excellent Karma

8 Oct 2020 2 minute read 10 comments Cryptonator`s

No doubt, MANTRA DAO is one of my TOP 3 DeFi Altcoins Powered By Polkadot. After doing a lot of research, I believe that MANTRA DAO has huge potential and that it is primed for some massive gains. In short: MANTRA DAO has an excellent Karma, here is...