Bright Ideas: Polkadot (DOT)

Polkadot allows blockchains to transfer value and messages in a unique and secure manner.

Price:

$6.43

Mkt Cap:

$7,161,481,593

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Polkadot gives independent blockchains the ability to exchange information and transactions freely.
Polkadot empowers innovators to create solutions, seeking to free society from manipulation.
As of August 2021, it has a circulating supply of 1.11 billion DOT coins and the total supply is 1.23 billion.

Polkadot has partnered with Chainlink (LINK) to utilise its Oracle network, allowing data to connect with the blockchain allowing the integration of smart contacts into the blockchain.
Polkadot has recently enabled holders of the coin to stake and earn rewards through the Ankr (ANKR) StakeFi parachain .
This is key for investors as it attracts investors looking to earn passive, long-term returns for holding the DOT coin.

Polkadot is looking to launch and rollout various parachains this year .
The Proof of Authority mode (PoA) will enable users to claim tokens from the Ethereum contract and stake tokens.
Aug 29, 2022, Coindesk: Polkadot Parachain Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero.
On the 31st of August 2022 Polkadot’s development activity rose to a three-month high.
In September 2021, Tether revealed their USD Stablecoin was live on Polkadot.
In October a Messari Research Report revealed Polkadot had the most active Dev’s outside Ethereum.

Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.

Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.

FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.

Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.

Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"

Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.