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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.


Buy Polkadot (DOT) Token in India — Step by Step Guide For Beginners

1 Mar 2021 6 minute read 4 comments rinkeshjha

What is Polkadot? Polkadot is a sharded protocol that enables blockchain networks to operate in synergy. The DOT token serves three distinct purposes: governance over the network, staking, and bonding. Like Ethereum, Polkadot has an active ecosystem....

The Best Projects On Polkadot (Top Ten 2021)

7 Feb 2021 3 minute read 36 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Regarding the technical functioning of Polkadot I had already talked about it in this article: Will Polkadot (DOT) Be The New Ethereum? How Does It Work?However, the most important thing to understand is the functionality of the parachain: independen...

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...

Dealing With Real-life And Virtual-life In Terms Of Investment.

26 Mar 2021 1 minute read 4 comments Fety Bernard Etienne(fetinafety)

Today I’m going to share my personal experience dealing with real-life and virtual life during my time in the online investment field. I invite you to read it from beginning to end. In the past, my wife never appreciated me for my investment in the v...

Shadows Network - A Polkadot Based Asset Trading Platform to Get Risk Coverage from Bridge Mutual

16 Mar 2021 1 minute read 0 comments Novasky

Polkadot has been getting a lot of trading and staking projects for some time now. The amount of projects investing into the Polkadot ecosystem for asset trading and the DeFi has been in rise this quarter. Yesterday an asset trading platform named Sh...

This is not an ordinary AMPLEFORTH review - Pros and Cons

3 Jan 2021 5 minute read 5 comments VNFC

  Inception: what is AMPLEFORTH? Do you know what is a Stablecoin? In two words: it is a coin with a stable value. Some well known examples are: - FIAT-collaterized coins (1$ is deposited into a bank for every crypto USD "printed"): USDC, TUSD, PAX,...

Common Good Parachains in POLKADOT & The Free-Rider Problem

17 Mar 2021 3 minute read 1 comment kev_nag

By way of introduction, the core of the POLKADOT system lies within its Relay Chain which is responsible for the interoperability of the network and the shared network security all while securing the parachains and parathreads within the protocol. Th...

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...

4 Hidden NFT Gems of 2021

12 Mar 2021 4 minute read 1 comment CryptoMarketeer

It all started with punk rock faces in a thousand variations of hairstyle and eye-wear. And then a tribe of bug-eyed fantasy cats took over Ethereum, propelling it to almost take over Bitcoin in market capitalization.  The birth of NFTs — we’ve w...

How to Staking Polkadot on Binance

11 Mar 2021 1 minute read 4 comments Makingdigital

One of the most interesting tools that we find on the Binance platform is its Staking service. The most popular centralized exchange internationally, not for this reason, the best in the world, offers the user many opportunities. We only have to pay...