Polkadot Price（DOT）

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What Is Polkadot (DOT)?

Polkadot is a blockchain project that focuses on creating a platform that other blockchain-based projects and applications can build on. It has arguably become one of the most successful projects working to improve the fundamental technology that powers decentralized applications (dApps).

Who created Polkadot?

Polkadot’s developers include Ethereum co-creator Gavin Wood. It launched on May 26, 2020. The nonprofit Web3 Foundation is the primary research organization that maintains Polkadot’s open-source code.

What Makes Polkadot Unique?

Most blockchains function autonomously and are not connected to any others. Popular cryptocurrencies such as Bitcoin (BTC +2.87%), Ethereum (ETH +2.55%), and Cardano (ADA -2.94%) each have their own blockchain. As they don’t communicate with each other, decentralized applications (dApps) developed on Ethereum and Cardano cannot work together.

This is where Polkadot comes in. As a multichain network, it can connect multiple blockchains. Developers utilizing Polkadot can construct their own blockchains that can communicate with every other blockchain in the Polkadot network.

Interoperability creates new opportunities for Polkadot’s blockchains. For example, assume that one blockchain allows the purchase of tokenized stock. This blockchain could access the most recent stock price information from an independent blockchain.

Developers also benefit from Polkadot’s handling of transaction validation and network security. The network’s relay chain processes the transactions. This frees developers to concentrate solely on blockchain initiatives, as they won’t have to worry about creating a safe method for validating transactions.

How to buy Polkadot?

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