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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. 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...

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...

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...

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...

POLKADOT ADOPTS THE BLUZELLE NETWORK

30 Sep 2020 3 minute read 0 comments nesbee

    I believe you are well aware of the demand for data storage and management facilities all over the world. This increasing demand results from the fact that every system has gone digital, moving its operations to the digital system to facilitate...

What is Plasm network (Next BOOM)

30 Sep 2020 2 minute read 1 comment bradry

What is Plasm Network? Plasm Network, a blockchain developed with the Substrate framework made by Parity Technologies. Plasm Network is additionally a part of the Polkadot ecosystem, particularly one that's planned to be a Parachain.   What is PLM to...

Ankr and StaFi Collaboration Announcement

30 Sep 2020 3 minute read 0 comments Ankr Network

On 28th Sept, we reached an agreement of cooperation with StaFi Protocol, a DeFi staking liquidity provider in the Polkadot ecosystem. We will provide our open and stable API service to facilitate development of the StaFi browser, wallet and other De...

AMA Recap - RioDeFi x Game of Bitcoins

29 Sep 2020 17 minute read 0 comments Game of Bitcoins

  Thanks a lot for actively participating in the RioDeFi AMA held on 29th September 2020 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with RioDeFi We have with us JAMES ANDER...

Polkadot Staking Now On BitMax

28 Sep 2020 1 minute read 5 comments Sapphire

Polkadot Believers If you are a believer in Polkadot then you have probably been taking advantage of the recent discounts on offer in the marketplace. When prices plummet many run for the hills and yet the fundamentals of a solid project remain uncha...

A week in Polkadot

28 Sep 2020 2 minute read 5 comments Web3 Foundation

A round up of what’s new in the Polkadot universe, September 21 - 27, 2020 Polkadot News There are currently several scams occurring. Please be careful. There is no DOT giveaway, admins will never DM you first, don't trust any URLs that people send...