Polkadot is an open-source sharded blockchain protocol that connects and secures a network of specialized blockchains. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 meta protocol that uses a technology called parachains (parallel chains) to describe other underlying protocols and blockchains. As a metaprotocol, Polkadot is also capable of autonomously and formlessly updating its own codebase via on-chain governance voted on by the Decentralized Autonomous Organization (DAO).
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions, and services.
Polkadot’s native “DOT” token serves three clear purposes: staking for operations and security, facilitating network governance, as well as bonding tokens to connect to other blockchains via its parachains technology.
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Polkadot is a new technology that is testing the boundaries of traditional finance and redefining an entire generation's understanding and use of money and currency.
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The Future of Polkadot?
Polkadot's unique design characteristics and parachains makes it a unique offering in the market. The future looks bright for Polkadot and all the projects being built upon it.
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You could lose all the money you invest and are unlikely to be protected if something goes wrong. Read the full Investor Risk Disclosure before investing.