Polkadot will enable a completely decentralized web where users are in control.
Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.
Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, we seek to free society from its reliance on a broken web where its large institutions can’t violate our trust.
GovernancePolkadot token holders have complete control over the protocol. All privileges, which on other platforms are exclusive to miners will be given to the Relay Chain participants (DOT holders), including managing exceptional events such as protocol upgrades and fixes.
StakingToken holders keep the network secure and collect rewards by staking DOT. Polkadot’s advanced staking system is designed for maximum decentralization and fair representation, rewarding good actors and punishing bad actors to ensure network security.
BondingNew parachains are added by bonding tokens. Outdated or non-useful parachains are removed by removing bonded tokens. This is a form of proof of stake.
Technical details: Polkadot achieves low-level consensus over a set of mutually agreed valid blocks through a modern asynchronous Byzantine faulttolerant (BFT) algorithm.
The source code: Is intended to be a free and open project, the protocol specification being under a Creative Commons license and the code being placed under a FLOSS license.
Proof of developer: Public team.
Governance and Removing Sudo
Enable Balance Transfers
Current Phase: Parachain Rollout
Attention. There is a risk that unverified members are not actually members of the team
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