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The network has a highly sophisticated user-driven governance system that also helps to secure it.
Communities can customize their blockchain’s governance on Polkadot based on their needs and evolving conditions.
Nominators, validators, collators and fishermen all fulfil various duties to help secure and maintain the network and eradicate bad behavior.
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How is the Polkadot Network Secured?
Polkadot’s mass interoperability through a set of common validators helps to secure its multiple blockchains and allows them to scale their transactions by spreading their data across many parachains.
The network uses the NPoS (nominated proof-of-stake) mechanism to select ...
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How Many Polkadot (DOT) Tokens Are There in Circulation?
Polkadot currently has an allocation of 1 billion DOT tokens, following the network’s redenomination from an initial maximum supply of 10 million in August 2020.
The redenomination was undertaken purely to ...
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What Makes Polkadot Unique?
Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability.
Custom blockchains are quick and easy to develop through t...
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What is Polkadot (DOT)?
Polkadot is a network protocol that allows arbitrary data —not just tokens— to be transferred across blockchains.
This interoperability seeks to establish a fully decentralized and private web, controlled by its use...
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Who Are the Founders of Polkadot?
Polkadot was founded by the Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional & user-friendly decentralized web as an open-source project.
Its founders are Dr. Gavin Wood, Robert Habermeie...
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Polkadot has four core components:
- Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
- Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
- ...
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