What is Polkadot (DOT)?

Polkadot is an open-source blockchain platform and cryptocurrency. It also incorporates a consensus algorithm known as Parity

What is Polkadot (DOT)?

Tired of the same old technology? Can’t wait to get on the new blockchain? Then you’ll want to know about Polkadot (DOT). DOT combines the best features of Ethereum, Bitcoin, and Blockchain 3.0 into one high-tech application that could change cryptocurrency forever! But what exactly is Polkadot (DOT)? How does it work? And why should you even care? Read on to find out everything you need to know about this game-changing cryptocurrency!

What is Polkadot (DOT)?

Polkadot is an open-source blockchain platform and cryptocurrency. It also incorporates a consensus algorithm known as Parity, which is described in depth here. The project’s long-term vision is to create a public blockchain with a technology stack that can interoperate with existing blockchains. In other words, instead of building yet another parallel blockchain infrastructure like Ethereum and its competitors, it wants to connect everything via a Byzantine Fault Tolerant network.

Who is the founder of Polkadot (DOT)?

Gavin Wood, Robert Habermeier & Peter Czaban are founders of Polkadot. The trio co-founded Web3 Foundation in 2017 to help drive progress for Polkadot and other Ethereum-related technologies. Gavin Wood is a pioneer in developing programming languages, from his work on C++ and Solidity – used to write smart contracts on Ethereum – to new projects like LISP. He also founded Parity Technologies, which builds core blockchain infrastructure software.

Guide to buy!

Make sure to do your own research on Polkadot (DOT) before buying. If you are new to cryptocurrency, check out our guide on how to buy cryptocurrencies. You can buy Polkadot (DOT) on a cryptocurrency exchange like KuCoin, or Binance and then keep them safe in a wallet like MyEtherWallet. It’s a good idea to move your coins off exchanges if you plan on holding onto them for a long time.

Where do I store Polkadot (DOT)?

The Ledger Nano S hardware wallet supports the Polkadot native token, DOT. Once you have signed up for a Ledger wallet, all you need to do is transfer your DOT tokens to your Ledger hardware wallet.

What is the price of Polkadot (DOT)?

The current price is $7.721 per DOT The current circulating supply is 987,579,314.957 DOT. It has a market cap of $789,551,331 and a circulating supply of 987,579,314.957 DOT. DOT's current price is

How much is Polkadot worth?

Polkadot is an up-and-coming cryptocurrency, which is set to launch its mainnet in 2019. Since Polkadot was created by a team of developers from Parity, who developed Ethereum’s much-celebrated consensus algorithm called Proof of Stake, Polkadot has been dubbed as Ethereum’s killer by some experts and enthusiasts.

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