Polkadot Parameters
Many of these parameter values can be updated via on-chain governance. If you require absolute certainty of these parameter values, it is recommended you directly check the constants by looking at the chain state and/or storage.
Periods of common actions and attributes
NOTE: Polkadot generally runs at ¼th the speed of Kusama, except in the time slot duration itself. See Kusama Parameters for more details on how Polkadot's parameters differ from Kusama's.
- Slot: 6 seconds *(generally one block per slot, although see note below)
- Epoch: 4 hours (2_400 slots x 6 seconds)
- Session: 4 hours (Session and Epoch lengths are the same)
- Era: 24 hours (6 sessions per Era, 2_400 slots x 6 epochs x 6 seconds)
| Polkadot | Time | Slots* |
|---|---|---|
| Slot | 6 seconds | 1 |
| Epoch | 4 hours | 2_400 |
| Session | 4 hours | 2_400 |
| Era | 24 hours | 14_400 |
*A maximum of one block per slot can be in a canonical chain. Occasionally, a slot will be without a block in the chain. Thus, the times given are estimates. See Consensus for more details.
Accounts, Identity and Crowdloans
- The Existential Deposit is
- The deposit required to set an Identity is
- The minimum contribution required to participate in a crowdloan is
Governance
| Democracy | Time | Slots | Description |
|---|---|---|---|
| Voting period | 28 days | 403_200 | How long the public can vote on a referendum. |
| Launch period | 28 days | 403_200 | How long the public can select which proposal to hold a referendum on, i.e., every week, the highest-weighted proposal will be selected to have a referendum. |
| Enactment period | 28 days | 403_200 | Time it takes for a successful referendum to be implemented on the network. |
| Council | Time | Slots | Description |
|---|---|---|---|
| Term duration | 7 days | 100_800 | The length of a council member's term until the next election round. |
| Voting period | 7 days | 100_800 | The council's voting period for motions. |
The Polkadot Council consists of up to 13 members and up to 20 runners up.
| Technical committee | Time | Slots | Description |
|---|---|---|---|
| Cool-off period | 7 days | 100_800 | The time a veto from the technical committee lasts before the proposal can be submitted again. |
| Emergency voting period | 3 hours | 1_800 | The voting period after the technical committee expedites voting. |
Staking, Validating, and Nominating
The maximum number of validators that can be nominated by a nominator is .
| Polkadot | Time | Slots | Description |
|---|---|---|---|
| Term duration | 1 Day | 14_400 | The time for which a validator is in the set after being elected. Note, this duration can be shortened in the case that a validator misbehaves. |
| Nomination period | 1 Day | 14_400 | How often a new validator set is elected according to Phragmén's method. |
| Bonding duration | 28 days | 403_200 | How long until your funds will be transferrable after unbonding. Note that the bonding duration is defined in eras, not directly by slots. |
| Slash defer duration | 28 days | 403_200 | Prevents overslashing and validators "escaping" and getting their nominators slashed with no repercussions to themselves. Note that the bonding duration is defined in eras, not directly by slots. |
Parachains
| Crowdloans and Auctions | Time | Slots | Description |
|---|---|---|---|
| Auction duration | 7 days | 100_800 | The total duration of the slot auction, subject to the candle auction mechanism. |
| Opening period | 2 days | 28_800 | The opening period of the slot auction. |
| Ending period | 5 days | 72_000 | The ending period of the slot auction. |
| Parachain Slot | Time | Slots | Description |
|---|---|---|---|
| Lease period | 12 weeks | 1_209_600 | The length of one lease period in a parachain slot. |
| Total slot duration | 2 years | 10_512_000 | The maximum duration a parachain can lease by winning a slot auction (8 lease periods). |
Treasury
| Treasury | Time | Slots | Description |
|---|---|---|---|
| Periods between spends | 24 days | 345_600 | When the treasury can spend again after spending previously. |
Burn percentage is currently 1.00%.
Precision
DOT have 10 decimals of precision. In other words, 10 ** 10 (10_000_000_000 or ten billion) Plancks make up a DOT.
The denomination of DOT was changed from 12 decimals of precision at block #1,248,328 in an event known as Denomination Day. See Redenomination for details.