DOT Data Price Offer today

 

Live Polkadot today's price is IDR 251,358 IDR with a 24-hour trading volume of IDR 13,617,352,423,236 IDR. We update our DOT to IDR prices in real time. Polka dots are down .17 in the last 24 hours. CoinMarketCap's current rating is #13, with a market cap of IDR 248,236,196,943,276 IDR. There is a circulating supply of 987,579,315 DOT coins and max. supply is not available.

The top exchanges to trade on Polkadot right now are Binance, OKX, CoinFLEX, BitCoke, and . You can find others listed at .

What is Polka Dot (DOT)?

Polkadot is an open source multichain sharding protocol that makes it easy to cross-chain data or any type of asset, not just tokens, making multiple blockchains interoperable with each other.

This interoperability seeks to build a web that is completely decentralized and private, controlled by its users, and simplifies the creation of new applications, institutions, and services.

The Polkadot protocol links public and private chains, permissionless networks, oracles, and future technologies, enabling these self-contained blockchains to share information and transactions without trust via the Polkadot 'relay chain' (described further below).

Polkadot's native DOT token has three clear goals: to maintain network administration and operations, and to create a parachain (parallel chain) via 'bonds'.

Polka dots have four core components:

Relay Chain: the "heart" of Polkadot, helping to create consensus, interoperability, and shared security across disparate chain networks;

Parachain: self-contained chain that can own its own token and can be optimized for specific use cases;

Parathread: similar to parachain but has flexible connectivity based on an economical pay-as-you-go model;

Bridge: allows parachains and parathreads to connect and communicate with external blockchains such as Ethereum.

Who are the Founders of Polkadot?

Polkadot was founded by the Web3 Foundation, a Swiss institution founded to facilitate a fully functional and user-friendly decentralized web, as an open source project.

Its founder is Dr. Gavin Wood, Robert Habermeier, and Peter Czaban.

Wood, president of the Web3 Foundation, is the most well-known of the three thanks to his industry influence as co-founder of Ethereum, founder of Parity Technologies, and creator of the smart contract coding language Solidity.

Habermeier is a Thiel Fellowship member and an accomplished blockchain and cryptography researcher and developer. Czaban is the Director of Technology for the Web3 Foundation. With rich experience in various highly specialized fintech industries, he is currently helping to develop a new generation of distributed technology.

What Makes Polka Dots Unique?

Polkadot is a multichain network with shards, meaning it can process multiple transactions on multiple chains in parallel ("parachain"). This parallel processing capability improves scalability.

Custom blockchains can be developed quickly and easily via the Substrate framework and can be connected to the Polkadot network within minutes. The network is also highly flexible and adaptive, enabling information sharing and functionality between participants similar to that of a smartphone app. Polkadot can be upgraded automatically without requiring a fork to implement new features or remove bugs.

The network has a very sophisticated governance system that is both user-driven and helps secure it. Communities can adapt their blockchain governance on Polkadot based on evolving needs and conditions. Nominees, validators, collators and fishermen all fulfill a variety of tasks to help secure and maintain networks and eradicate bad behavior.

Related Pages:

Learn more about Cosmos (ATOM).

Learn more about Ethereum (ETH).

Learn more about Cardano (ADA)..

Visit the CoinMarketCap blog for news and insights on trending blockchains.

How Many Polkadot Tokens (DOT) Are In Circulation?

Polkadot currently has an allocation of 1 billion DOT tokens, following the redenomination of the network from an initial maximum supply of 10 million in August 2020. The redenomination is done solely to avoid using small decimals and simplify calculations. Even if all balances are multiplied by one hundred, this does not affect the DOT distribution or the holder's proportionate share.

How is the Polka Dot Network Secured?

Polkadot's mass interoperability through a common set of validators helps secure multiple blockchains and allows them to enhance transactions by spreading data across multiple parachains.

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