DOT Specifications

Type

COIN

Algorithm

Protocol

Start Date

18/08/2020

Max Supply

1,000,000,000

Circ. Supply

670,138,095

Website

Explorer

Social Media

Info

Polkadot (DOT) is a decentralized blockchain platform designed to connect independent blockchains, enabling them to operate seamlessly together. It facilitates secure communication, scalability and cross-chain functionality. DOT, the native token of Polkadot, is utilized for governance and staking while being accessible on major exchanges to support ecosystem liquidity.

Market Impact

Polkadot has transformed the blockchain space by supporting interoperability and scalability across networks. Its ability to facilitate secure token swaps has attracted DeFi applications and developers. Additionally, DOT's presence on prominent exchanges has increased liquidity, strengthening its position as a vital player in decentralized finance.

History

Polkadot was introduced in 2016 by Dr. Gavin Wood, co-founder of Ethereum and officially launched its mainnet in May 2020. Built to address blockchain fragmentation, Polkadot introduced parachains to allow multiple blockchains to run in parallel. Over time, its design has enabled efficient asset swaps and fostered adoption by securing listings on global exchanges.

Features

Cross-Chain Interoperability
Polkadot enables seamless communication and asset swaps between blockchains, enhancing collaboration across networks.
Efficient Scalability
Through its parachain architecture, Polkadot processes multiple transactions simultaneously, ensuring fast and reliable exchanges.
Robust Security Model
Polkadot's relay chain provides shared security to connected parachains, reducing vulnerabilities and protecting the network.

Website

Explorer

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.