Polka Dot DOT

 

 

Polka Dot DOT

• It is an inter-chain project that connects different blockchains and supports data transfer between chains. Polka dot coins (DOT) are used for governance participation, staking, bonding to support new parachains, and payment of fees.

 

UPbit

 

First issue	2020.05.	Total issue limit	Unprovided
market capitalization		Current Distribution
As of March 22, 2024 (Courtesy of Coin Market Cap)	￦ 17.4 Trillion	As of March 22, 2024 (Courtesy of Coin Market Cap)	1,424,896,324
As of March 22, 2024 (Courtesy of CoinGecko)	￦ 16.5 Trillion	As of March 22, 2024 (Courtesy of CoinGecko)	1,343,944,813

 

 

Characteristics

1. Polkadot consists of a relay chain, a para-chain, and a bridge, where the relay chain decides whether to trade, the para-chain collects transaction information, and the bridge connects each para-chain to an external network such as Ethereum and Bitcoin.
2. Polkadot netoneck agreements are essentially made through voting by each validator on the availability and validity of parachain blocks.

 

Vision

• Polkadot aims to provide interoperability between various blockchain projects in Web 3.0. It is expected to create strong synergy based on smooth communication between chains by connecting numerous blockchain projects that have been created so far.