Polkadot is an open-source smart contract capable blockchain platform. Polkadot aims to connect blockchains to facilitate value and data transfer between independent blockchains. Polkadot is designed to be fast and safer than Ethereum.

Polkadot uses parallel blockchains known as Parachains. Each parachain is its own blockchain and they improve the scalability of the Polkadot network. The relay chain is one of the parachain which achieves consensus among the nodes in the network.

DOT is the native token of the Polkadot ecosystem. DOT acts as a governance token to vote on proposals and is also used in the proof-of-stake mechanism where users can stake DOT and earn staking rewards.

Polkadot.js extension is a browser extension wallet that manages accounts on the Polkadot ecosystem and signs transactions while interacting with dApps on Polkadot. It is similar to the Metamask wallet for the Ethereum blockchain.

How to create a Polkadot js extension wallet

Creating Polkadot.js Extension Wallet

1. Download and Install the polkadot.{js} extension from the Chrome web store 

2. Click on the '+' symbol in the center of the extension window or on the top-right and create a new account

Create polkadot wallet

3. Write down the 12-word mnemonic seed and keep it safe. Losing it or sharing it with anyone may result in the complete loss of your funds. Check 'I have saved my mnemonic seed safely' and click on 'Next step'

Polkadot wallet mnemonic seed save

4. In the next tab, select 'Polkadot Relay Chain' as the network. Give a name for your account and set a password for your Polkadot wallet. Then click, 'Add the account with the generated seed'.

Polkadot wallet relay chain settings

Note: Password is used to temporarily log in to your account and sign transactions. Losing of mnemonic seed still results in a loss of funds.

5. You have successfully created a Polkadot wallet. Copy your Polkadot wallet address which looks like 15E6hNs9T7wpxGc3ZMuioyGw9u2ENBb5T5z1Z6hF2MWGQ9W6 and use it to receive funds into your Polkadot wallet.

Share your Polkadot wallet address below to receive some Polkadot-based tokens.

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