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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.


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

19 Oct 2020 1 minute read 1 comment Web3 Foundation

Kusama News "Hello World! by Polkadot" is live. It’s a Gitcoin-powered learning challenge where you can gain DOT and KSM. http://bit.ly/0x2HcwPtd  Karura, Acala's DeFi chain, has been launched, and is aiming to be among the first parachains on Kusam...

USDT GO TO OVERTAKE ETHER

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

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...

Equilibrium Successfully Completes First W3F Grant Milestone

14 Oct 2020 1 minute read 0 comments Equilibrium

Earlier, we announced that Equilibrium has received a grant from Web3 Foundation. The grant program is part of the Foundation’s efforts to support open-source technologies that advance Web 3.0, particularly in relation to the Polkadot ecosystem,...

Hello World! By Polkadot: Dive into the Polkadot universe!

14 Oct 2020 1 minute read 4 comments Web3 Foundation

Gitcoin has integrated Polkadot and Kusama tokens (DOT and KSM) into their tech stack, making us one of the first full integrations outside of the Ethereum ecosystem. To celebrate, we have created Hello World! by Polkadot. Consisting of 23 different...

A week in Kusama: October 5 - October 11, 2020

12 Oct 2020 1 minute read 1 comment Web3 Foundation

Kusama News If you are a KSM holder, please be sure to vote on Referendum 88. If passed, this would start the journey to 1,000 validators on Kusama, increasing the number of validators in the active set by one each era for 400 eras. https://polkadot...

A week in Polkadot: October 5 - October 11, 2020

12 Oct 2020 1 minute read 5 comments Web3 Foundation

Polkadot News If you are reading this and looking for an entry-level position or internship, you might be a perfect fit as a technical educator https://web3.bamboohr.com/jobs/ Due to recent staking algorithm changes, unfortunately most nominators st...

Kira Network in simple words

11 Oct 2020 1 minute read 0 comments DronAlex

Kira Network is the DeFi project whose objective is improving the staking industry by enabling delegators to use their staked funds in DeFi ecosystem. How is it possible at all? To start with, let's explain the logic behind the implementation of this...

Woow !!! Polkadot (DOT) Has Completed Bullish Setup For Another Rally Upto 99%

10 Oct 2020 1 minute read 3 comments moon333

Hey, friends hope you are well and welcome the new update on Polkadot (DOT). In this video you will watch how:  On a daily chart, the price action of DOT is moving in a down channel and making a powerful attempt the breakout the resistance of this c...

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

8 Oct 2020 2 minute read 9 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...