What is Polkadot?

Polkadot is a blockchain platform that isn't like most blockchain platforms. It's designed to support a wide range of use cases, from financial transactions to distributed applications and even private data storage. It allows users to create their own blockchains, which can be customized in a variety of ways.

Table of Contents

  1. Who created Polkadot?
  2. What is Polkadot's symbol?
  3. How fast is Polkadot?
  4. What is Polkadot's block time?
  5. Can you mine Polkadot?
  6. Does Polkadot support smart contracts?
  7. Is Polkadot EVM compatible?
  8. Is Polkadot dead?

Who created Polkadot?

Polkadot was created/founded by Gavin Wood, Robert Habermeier and Peter Czaban.

What is Polkadot's symbol?

Polkadot's ticker is DOT.

How fast is Polkadot?

Polkadot can process an estimated 1000 transactions per second. Though, you should also consider block time in this equation too.

What is Polkadot's block time?

Polkadot's block time is approximately 6 seconds. This means that every 6 seconds, the Polkadot blockchain produces a new block.

Can you mine Polkadot?

No, you cannot mine Polkadot. Polkadot is a PoS blockchain.

Does Polkadot support smart contracts?

Yes, Polkadot has smart contracts. It can support DeFi, NFTs, gaming, and more.

Is Polkadot EVM compatible?

Yes, Polkadot is EVM compatible. You can use it with popular Web3 wallets like Metamask. It supports smart contracts, DeFi, NFTs, dApps, and more.

Is Polkadot dead?

Blockchains don't tend to "die"... They're designed to continue running without a centralize authority or provider. If there's still a node running, Polkadot will remain in use. Sure, there may be exploits, or luls in user activity, but generally it should keep running!

Polkadot comparisons

Compare Polkadot with other blockchains to see how it stacks up.

We've compared Polkadot with 18 other blockchains. Click on a comparison to learn more!

Polkadot's social links

Find out more about Polkadot by visiting their official channels!