The Polkadot multiplatform is designed to unite all existing blockchains into a single global ecosystem. Interoperability with other platforms and a flexible modular design made the Polkadot project popular among market participants. In addition, the uniqueness of the technology and the ability to work with smart contracts on one platform and communicate with other users on another has become a solution to the compatibility problem of decentralized platforms.
One of the developers of the Ethereum network, Gavin Wood, left the project and created the Polkadot cryptocurrency. Previously, he worked on creating the Solidity programming language based on the Ethereum network. Polkadot raised $140 million on its initial token offering. Wood’s developments in Ethereum became the basis for the Polkadot project.
DOT is an internal token of the Polkadot blockchain. Today’s cryptocurrency price is $7,54. The developers aim to design an Internet where digital transactions will be secure, participants will fully own their information, and the exchange of data and assets will take place based on decentralized management.
Characteristics of Polkadot
- Polkadot is a leader in technological developments in decentralized finance.
- The ecosystem allows the use of side chains, which increases network bandwidth.
- The network can create time slots to connect different blockchains, which reduces costs.
- With the help of DOT coin, you can make transactions between blockchains.
- The project provides confidentiality of information about participants and their transactions.
DOT Cryptocurrency Price
Based on the DOT price historical indicators, experts analyzed the possible future price for this asset. Polka dot cryptocurrency price prediction for the end of 2022 is $7,47. For 2023, the DOT crypto price prediction ranges between $13,71 and $17,05.
You can check out the up-to-date cryptocurrency price for DOT on the WhiteBIT platform. It offers a convenient interface suitable both for experienced traders and beginners. It is crucial to learn about the project better before investing in it. The White Blog will help you learn more about crypto projects and their tokens in depth.