Polkadot - an open source multi-chain protocol that connects and secures a network of specialized blockchains. It facilitates the cross-chain transfer of any data or assets, not just tokens, allowing blockchains to be interoperable with each other.
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About the Polkadot project
Polkadot was designed to provide the foundation for a decentralized Web3. It is known as the layer 0 metaprotocol because it underlies and describes the format of the layer 1 blockchain network, known as parachains (parallel chains). As a meta-protocol, the project is also capable of autonomously updating its own codebase through on-chain governance, in accordance with the will of its community of token holders.
Why should you trust this project:
| Support | Polkadot provides a framework to support a decentralized web, controlled by its users, and facilitate the creation of new applications, institutions and services. |
| Exchange | The protocol can connect public and private chains, networks without permissions, allowing these independent blockchains to exchange information and transactions. |
The native DOT token serves three distinct purposes: staking on transactions and security, facilitating network management, and pegging tokens to connect parachains.
What makes a protocol unique?
Polkadоt - a multi-chain network, which means that it can process many transactions on parachains. This parallel computing power improves scalability. Custom blockchains are quickly and easily developed with Substrate's work, and Substrate blockchains are designed to be easily connected to the network. The network is also very flexible and adaptive, allowing the exchange of information and functionality between participants. It has a very complex user governance system, where all token holders vote on its work. Teams can set up their own blockchain management on Polkadot, based on their needs and conditions.
Buying a token
The initial maximum supply of 10 million old DOTs was 1 billion new DOT tokens in August 2020. The best exchanges to trade cryptocurrencies:
- Binance;
- Huobi Global;
- OKEx;
- Coinbase;
- KuCoin.
You can also buy coins like Bitcoin and Ethereum directly with a credit card in your chosen fiat currency.