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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.


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...

A week in Kusama: To January 10th, 2021

11 Jan 2021 2 minute read 0 comments Web3 Foundation

Kusama News The Kusama Digest has been off for a couple of weeks, so this will be a high-level review of some VERY exciting times in the Polkadot ecosystem. There has been quite an upsurge in scams recently. Please be aware, THERE IS NO DOT AIRDROP....

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...

Bullish altcoin - DOT to moon

10 Mar 2021 1 minute read 2 comments Cryptofab

Polkadot is now the coin #4 in market cap... outpassing Cardano. DOT is only 15% lower in market cap than BNB - the #3, which surged again this week as explained in my previous article. In the short term, BNB should remain higher than DOT in market c...

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...

KwikSwap - Dex of the Future - Powered by Polkadot | Plasm & Acala Network

8 Mar 2021 3 minute read 0 comments Shiller Gorilla

The Kwikswap team is excited to announce the upcoming deployment of Kwikswap V2 Testnet on ACALA Parachain.  Kwikswap is a unique decentralized exchange protocol on the Ethereum mainnet which allows users to swap, create markets and participate in y...

Our First Milestone For Another Grant Is Almost Completed

8 Mar 2021 1 minute read 2 comments Equilibrium

We’ve previously mentioned that we are bringing Curve Finance’s AMM to our parachain on Polkadot, and now the first batch of code has been submitted for approval. This is great news — it means we’ve achieved the first of two milestones for our Web3 F...

Polkadot DeFi Alliance has New Member - Deeper Network

7 Mar 2021 1 minute read 0 comments Novasky

Polkadot has managed to get the attention of many DEFi projects and the smart contract companies. There are many decentralized networks out there who are planning on moving their infrastructures to the Polkadot ecosystem. This is not only for the dec...