cover

Polkadot(DOT)

Polkadot is a next-generation blockchain protocol that enables the secure and efficient transfer of data and value across different networks and systems. It is designed to connect a range of different networks, allowing them to exchange information, share resources, and work together securely. Polkadot was created by Gavin Wood, the co-founder of Ethereum, and is maintained by the Web3 Foundation.

Polkadot is based on a novel consensus mechanism called “Proof of Stake” (PoS). In PoS, validators take turns proposing and voting on blocks of transactions. To become a validator, users must put up a stake of DOT tokens. This stake is used to ensure that validators are acting in the best interests of the network, as validators with a higher stake have more power and are more likely to be chosen to validate new blocks.

Founder: Gavin Wood

Launched On: 2020-05-25

Protocol
Layer

Layer 0

Programming
Language

Wasm

Consensus
Mechanism

Proof Of Stake

Current
Price

$9.84

Market
Cap

$14,008,631,572.48

Circulating
Supply

1,423,664,299.805 DOT

Courses related to Polkadot