Hey Polkassembly community, It has been a great first half of the year. The Dotsama community has been growing with Parachains going live along with XCM, the Cross-Consensus Message format. XCM as we all know unlocks the true potential of DOT by enabling a fully interoperable multi-chain ecosystem. Polkadot team…

In conventional business, “key person risk” refers to when a company’s success is overly reliant on a single individual. When it comes to handling funds, cryptocurrency businesses face a literal version of this danger. QuadrigaCX, whose customers have been waiting over three years to recuperate $115 million in deposits since…

Central to Polkadot’s design is the idea that good governance is necessary for a system’s participants to have agency and for the system as whole to stay relevant. Participating in on-chain governance is an important aspect of Web3, as it contributes to both decentralized decision-making and increases the transparency of…

The Web3 Foundation and Parity Technologies recently proposed the creation of a robust incentive prize program, called the Polkadot Pioneers Prize that will work to help propel technical innovation on the Polkadot network, as well as to model ways in which the community can achieve more agency and support in…

Polkadot institutes a cutting-edge governance model designed to achieve a healthy network that adapts to its users’ needs. It is designed to enable rapid and representative community engagement by leveraging blockchain technology for transparency and accountability. The DOT token enables low-friction engagement in Polkadot and provides an innovative level of…

So, in the previous article we tried understanding the basics of the treasury and understood how its funded. While we discussed who can get funds from the treasury, let’s look at how one could go about making a treasury proposal. First, formalize and document everything in detail. For help, you…

Glossary Governance The primer for an honest governance system is to allow participants to clearly understand the methods requirements and steps to enact any change in the ecosystem. A formalized system that is encoded on-chain ensures that these rules are followed and actors are accountable. Because adopting formalized rules for informalized…

This is the first article in a long thread where we try to simplify the complicated web3 jargons and make it easier for the community to understand things and navigate through the space :) So, to begin with, what is a treasury?

Acala is the first parachain to win a slot on the Polkadot network. Before diving into what Acala is or what it does, we will take a cursory look at the Polkadot network. If you participated in the crowdloans for this parachain, then you are well aware of the rewards. …