What is Polkadot?
Polkadot enables different blockchains to communicate and share security. Founded by Ethereum co-founder Gavin Wood, it aims to create a truly interoperable Web3.
Key Features
- Technology: Parachain architecture
- Use Case: Interoperability
- Consensus: Nominated PoS
- Launch Year: 2020
How Does Polkadot Work?
Polkadot operates on a heterogeneous multi-chain protocol. The network is designed to connect different blockchains into one unified network. DOT tokens are used for governance, staking, and bonding.
How to Buy DOT
You can purchase DOT on major cryptocurrency exchanges including:
Storing DOT Safely
For long-term storage, consider using a hardware wallet like Ledger Nano X or a software wallet that supports Polkadot. Always keep your private keys secure and never share them.
Polkadot Price Analysis
Polkadot has shown ecosystem expansion over the past year. As with all cryptocurrencies, DOT is subject to market volatility. Always do your own research before investing.