Author: Ingo Rübe

In an increasingly digital world, control of your data and identity online is becoming a significant challenge. When digital assets are involved – which have greatly increased in value over the past year – keeping data safe becomes even more crucial for individuals, entities and corporates. This is precisely the problem that “KILT Protocol”, a Polkadot ecosystem project, wants to address. KILT is a blockchain protocol for issuing self-sovereign, anonymous, verifiable credentials and decentralised identifiers. In other words, the project is providing a way to bring real-world accreditation to the digital world. Entities will be able to use KILT to…

Parachains are sovereign blockchains running in parallel within the Polkadot and Kusama networks. Polkadot and its canary network Kusama are built with the same design, consisting of a central Relay Chain that coordinates the system and provides security for up to 100 parachains. Parachains can be custom built to serve any use case. Conceived by Gavin Wood, co-founder and former CTO of Ethereum, parachains bring the future of the internet to a whole new level, allowing the scalability, interoperability, and security needed to really turn the promise of blockchain into the next generation of the internet, Web 3.0. What is…

Polimec (Polkadot Liquidity Mechanism) allows the issuance and transfer of multiple cryptocurrencies directly on a dedicated blockchain. The Polimec blockchain (like Polkadot, Kusama, KILT and many others) is built with Parity’s Substrate framework. Other Substrate-based blockchains can utilize Polimec to issue tokens and make them available to the market, even before their own network goes live. In that way Polimec serves a similar purpose for the Polkadot ecosystem as the ERC20 contracts do for the Ethereum ecosystem. Polimec will be a community-owned parathread on Polkadot. Polkadot relies on a strong and lively ecosystem of blockchains built on and around it.…

A new blockchain generation is just around the corner. New findings and experience are driving the technology forward. Developers are constantly faced with the challenge of finding the right and sensible balance between trust, truth, cost, usability and benefit. The Polkadot Network takes an approach that could solve the problems of the current blockchain generation. A new ecosystem is being created in which the KILT protocol, among others, plays a decisive role. Permissionless blockchains like Bitcoin or Ethereum have the undeniable advantage that they do not need trustworthy institutions like states or banks. The user trusts the algorithm alone and…