“Polkadot is a blockchain network being built to enable Web 3.0, a decentralized and fair internet where users control their own data and markets prosper from network efficiency and security. Polkadot was founded in 2016 by Gavin Wood, former Co-Founder and CTO of Ethereum.
Polkadot’s technology addresses the major issues that have stymied blockchain adoption in recent years. Polkadot’s software development toolkit, Substrate, created by Parity Technologies, makes it easy for blockchain developers to build their own custom, fit-for-use blockchains.
Polkadot also enables multiple blockchains to communicate with each other, allows for easy upgradeability, and introduces “shared security”, a plug-and-play network security model that allows developers to focus on the technology and avoid spending time and resources recruiting a set of operators to run a new blockchain.
In addition, Polkadot provides an infrastructure that can scale along with the adoption of blockchain and cryptocurrency, as the network can spread transactions across multiple parallel blockchains to enable high throughput necessary to reaching the transaction processing capacity of today’s credit card companies. Last, Polkadot is introducing an open governance system, ensuring that Polkadot’s development reflects the values of the community and avoids stagnation.”Coin information:
Polkadot with the ticker DOT is a cryptocurrency from Switzerland with a current market cap of $12 793 815 040.
The algorithm of the blockchain is ‘Unknown’ and it has a ‘Nominated Proof-of-Stake’ proof type.
It currently has a circulating supply of 897 657 984, a total supply of 1 000 000 000 and the max supply is 1 000 000 000 DOT.
for more information about Polkadot and which wallet to use to store DOT coins.
You can use this block explorer to track the balance of an address and all the transactions: polkascan.ioPrice information:
The current price of Polkadot (DOT) is $14.9841, which is a price change of 3.05% in the last 24 hours on a trading volume of $604 543 040.
On 15 May 2021 Polkadot reached an all-time-high price of $49.65. This is a difference of around -70% relative to the current price.
You can buy around 6.6738 DOT now for $100, which will be worth a total of $331 at ATH.
Polkadot can be traded at these exchanges
.All prices are in USD. Last updated: 3 minutes ago.