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
View Coin Page
Project Fundamentals
- 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.
Partnerships / Implementation
- 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.
Roadmap and Announcements
- 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.
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