Polkadot

Specifications	Details
Platform (underlying architecture)	Layer 0
Consensus Algorithm	NPoS - Nominated Proof-of-Stake
Ecosystem	Polkadot
Token	DOT
Native Token Ticker	$DOT
Smallest Unit	Planck (1 DOT = 10^10 Planck)
ARR or APY	~17%
Max Supply	∞
Delegation Requirements (Min-Max)	Minimum (Nominator) - ≥ 250 DOT but it has to be greater than minimum active nomination, Minimum (Nomination Pool ) - 1 DOT Maximum - No limit
Stake Activation Period	1 Epoch (~4 hours)
Reward Distribution Period	Each Era (~24 hours)
Compounding	Automatic and Manual
Compounding Frequency	Each era or can be re-delegated as rewards earned
Unbonding Period	28 days
Lockup Period	None
Penalties and Slashing	Yes - check HERE
Burn Mechanism	Tokens in the treasury are periodically burned, if they are not used within the spend period (24 days). Currently the burn rate is set at 1%
Validator Self-Bond Requirement	None - The minimum self-bond to become an active validator is dynamic. It varies based on each validator's stake, the active set size, and the number of waiting validators.
Inflation	~10%
Validator Set Diversity	Polkadot has set of 500 validators. Validator candidates are set to 2000. The minimum self-bond to become an active validator is dynamic. It varies based on each validator's stake, the active set size, and the number of waiting validators.
Governance Mechanism	On-chain governance
Smart Contract Support	Yes via Parachains
Smart Contract Programming Language	Rust & ink!
Cross-chain Compatibility (Interoperability)	Yes
TPS (Transaction Throughput)	~1000 TPS (With asynchronous backing upgrade, the TPS is expected to increase tenfold to 1,000,000)
Transaction Finality	~60 seconds max.
Link to Explorer(s)	https://explorer.polkascan.io/polkadot , https://polkadot.subscan.io/
Testnet Faucet	https://faucet.polkadot.io/westend
Figment’s Public Validator Addresses	HERE
Figment Staking Guide	HERE
Figment Supported MEV Relay	N/A
Recommended Wallet(s)	Ledger, Polkadot.JS
CoinGecko Profile	https://www.coingecko.com/en/coins/polkadot