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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.

  • 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)
PolkadotTimeSlots*
Slot6 seconds1
Epoch4 hours2_400
Session4 hours2_400
Era24 hours14_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.

Governance

ParameterTimeSlotsDescription
Voting period28 days403_200How long the public can vote on a referendum.
Enactment period28 days403_200Time it takes for a successful referendum to be implemented on the network.

Staking, Validating, and Nominating

The maximum number of validators that can be nominated by a nominator is can be see here.

ParameterTimeSlotsDescription
Term duration1 Day14_400The 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 period1 Day14_400How often a new validator set is elected according to Phragmén's method.
Bonding duration28 days403_200How long until your funds will be transferrable after unbonding. Note that the bonding duration is defined in eras, not directly by slots.
Slash defer duration28 days403_200Prevents 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.

Treasury

TreasuryTimeSlotsDescription
Periods between spends24 days345_600When 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.