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✅Polkadot, cryptocurrency to empower individual users 💥【FREE!!!】
- 2021/11/18
- 再生時間： 10 分
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あらすじ・解説
Polkadot, cryptocurrency to empower individual users Polkadot and its DOT token is a relatively young project, which is sweeping through absolute peaks of popularity. Many observers of the cryptocurrency market claim that Polkadot will be one of the biggest players in the next few years and will be able to easily fight for the title of one of the cryptocurrencies that will take the market to a whole different new level. Polkadot (DOT) is an innovative cryptocurrency that supports multiple blockchains simultaneously. Thanks to Polkadot it is possible to transfer assets between different blockchains located on a network. This functionality is guaranteed by various design features. First, it is highly scalable - the technology uses sharding to support multiple blockchains at the same time, enabling efficient transaction processing at the same time. Polkadot is designed with interoperability in mind, ensuring chain compatibility and allowing information exchange between different applications. Undoubtedly, the use and functionality of this technology makes the DOT token currently available on dozens of international cryptocurrency exchanges, clearly raising the value of the coin and allowing it to reach an even wider group of investors. and users. Before September 2020, Polkadot was virtually unknown to ordinary investors. As of November 2020, it had a market capitalization of $ 5 billion. What is Polkadot? Polkadot is a project that aims to create a completely decentralized network where users have full control. With Polkadot you can connect multiple blockchain networks, both private and public. It is a flagship project of the Swiss Web3 Foundation , established to facilitate a fully functional and user-friendly decentralized network. This platform can connect many blockchains that meet certain criteria, such as a specific transaction authorization method or a smart contract specially designed for this purpose. Strings connected by Polkadot can transfer any type of data or assets to each other. The Polkadot system is very flexible because, unlike individual blockchains, it is not limited by rigid assumptions, but can act as a regulator between multiple block networks built on different principles. Polkadot has a right management system where all users have a voice . Network improvements are coordinated along the chain and implemented autonomously. The consensus on which the Polkadot network is based is a specially designed type of proof of stake. The so-called nominated proof of stake (NPoS). Validators that approve transactions on the Polkadot network must store a certain amount of DOT tokens, which is to eliminate entities that act to the detriment of the network. Among the disadvantages of Polkadot as a cryptocurrency is that it does not have a limited supply. Additionally, many experts indicate that Polkadot is an ideal platform for use in the Internet of Things (IoT). How did this cryptocurrency originate? Two former directors of Ethereum, one of the most famous cryptocurrencies in the world, decided to create and develop their own project. This is how Polkadot was created, which is being developed by Parity Technologies, led by Gavin Wood and Jutta Steiner . In addition, it is supported by the Web3 foundation, which provides funding, but also helps carry out research activities. It should be mentioned, that Parity Technologies was founded in 2015 and initially did not intend to create its own cryptocurrency at all. Since its founding he worked on the development of a node software for Ethereum, a client called Parity Ethereum. However, as time passed, Parity Technologies decided to withdraw from the entire project and focus on another: Polkadot and the Substrate project. In November 2017, the first Polkadot code was published on GitHub. And, it was in mid-2018, when it released two proof-of-concept algorithms.Polkadot was designed to support two types of blockchains: Relay chain: the main network, where...