hi everyone and welcome to our channel it's guy here and in today's video we're going to hear
about one of the most talk projects in the world polka dot and how you can actually use it to your
own advantage and also how you can actually contribute to develop this project and also
to become part of their community so make sure to watch till the end please notice how disclaimer
since i'm not a financial advisor so this video is for informational and educational purposes only
all right so first of all what is polka dot so polka dot for those of you that don't know is
a network protocol that allows arbitrary data not just for tokens to be transferred across
blockchains actually polka dot is a true multi-chain application environment where
things like cross chain registers and crosstain computation are possible how this happens actually
is that polka polkadot can actually transfer this data across public open permissionless blockchains
as well as private permission blockchains this means that it actually make it possible to build
application that get permission data from private blockchain and actually use it on
a public blockchain for example think about it like a school privates permissioned academic
records chain that can send a proof to a degree verification smart contract on a public chain
so this actually makes it possible this network now the beauty in polka dot that is actually
connecting the dots meaning that the heart of polka dot responsible for the network's
shared security consensus and cross chain interpretability and also there is the parachain
so civilian blockchains that can have their own tokens and optimize their functionality
for specific use cases and also there are the perthreads and the bridges that actually allows
pair chains and para threads to connect and communicate with external networks like ethereum
and bitcoin which is incredible and the consensus rules are very very simple but powerful there's
the nominators that they secure the rely chain by selecting trustworthy validators and staking dots
there are the validators that can actually secure the rely chain by staking dots validating proofs
for collectors and participating in consensus with other validators and also the collaterals
that maintain by collecting shared transactions from users and producing proofs for validators and
the government rules are very very simple you're elected to represent passive stakeholders and two
primary governed rules and proposing vetoing dangerous or military referenda and also there is
the technical community that actually composed of team activity building polka dot and can propose
emergency referenda together with the console for fast-track voting and implementation now if you
want to actually help to build polka dot polka dot is 100 open source anyone can contribute to
the code base and run a node or build services on polka dot so you can even get a grant so if you
want to get a grant think about it maybe you can actually contribute to polka dot now if you want
to learn more about polka dot and also about their development you can actually read about their blog
and you can see the different things that actually progressed during the years now about
their community so if you want to join polka dot community you can join their twitter mailing list
reddit github discord and much much more and they have a lot a lot of followers as you can see their
twitter has currently over 1.3 million followers and you can see that they keep posting here and
also their pin posts have hundreds of engagements now if you want to ask any question you are more
than welcome to just ask them on their different communities and on their social medias and
hopefully you will get the answers that you need and by the way you can actually run a node and
interact with the polka dot testings if you want to get involved from running a validator on polka
dot to applying for a web 3 foundations grant to joining polka dot ambassadors program there are
so many ways that you can actually engage with polkadot community for example you can become a
validator and it's very very simple all you need is to actually set up your machine and you can
learn in here very very easily how you do that and secondly you can actually apply to validate
and then hopefully you will start to validate and if you want to read more you can actually click in
here and learn how you can do that now if you want to become a polkadot ambassadors you can actually
check their post and then you can apply to join the vibrant polka dot community now if you want to
get notified about their upcoming events you can actually go here and then you will be able to see
their notion tab and you will be able to actually read about their different events now one of the
beautiful things in this project is actually the polka dot network the dot token serves three
distant purposes governs over the network staking and bonding polka dot token holders have complete
control over their protocol and all privilege which on other platforms are exclusive to miners
will be given to the rely chain participants the dot holders and including managing exceptional
events such as protocol upgrades and fixes also the staking so the game theory incentives
token holders to behave in honest ways and good actors are rewarded by this mechanism whilst bad
actors will lose their stake in the network and this actually ensures the networks to stay secure
now think about it that way when you're actually giving prizes for being good you will probably
learn and hope to be good because you want to actually earn more prizes so it's incredible and
also there's the part of bonding so the new pair chains are added by bonding tokens and
outdated or non-useful part chains are removed by removing bonds tokens this is a proof of
stake now if you want to learn more about proof of stake you can actually read in here and you will
be able to learn more about the dot token and how it's actually working and also by the way if you
want to take part of the web3 foundations you can actually click in here you will be able to join
commissioned five teams and over 100 developers to build polka dots as you can see in here you will
be able to read about the polka dot team right in here so you can actually click and then you will
be able to see a little bit more about polka dot mission which is actually their main mission is
to enable completely decentralized web where users are in control because when all the users are in
control and there isn't only one person that holds the power actually it's easier for you to create
and connect decentralized application services and institutions by actually using this platform so if
you want to learn about the technology also you will be able to learn it here i would recommend
to all of you to actually go to the white papers in order to understand more in detail about all
this project what is all about now if you want to actually contact them you're more than welcome
to click in here and you will be able to get in touch you can get to their support and for every
inquiries that you want and you will be able to actually stay notified about their updates and
events and hopefully you will be able to maximize their platform to enjoy and make your life easier
and also maybe you will be able to get jobs on the web3 foundations or at the parity technologies so
for summaries if you want to take part of this incredible project make sure to head over to the
website polkadot.network by clicking the link down below and you will be able to read all about their
project and about their network about their dot token and most importantly you will learn how you
can actually use to maximize your profits and your business and also to become a part of a community
and that you are really matters because you're a part of a project that enables a decentralized web
which means that you also have control about what happens and it's not just one person
that responsible for your destiny so thanks again for watching this video if you found it helpful
make sure to give us a like and make sure to add any comments with questions that i
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that will help you with the cryptocurrency journey that's all for now thanks for being here