$DOT

# **What is Polkadot?**

Polkadot is an open-source blockchain protocol designed to connect multiple blockchains, enabling interoperability, scalability, and shared security. It was founded in 2016 by Gavin Wood (co-founder of Ethereum), Robert Habermeier, and Peter Czaban, and its mainnet was launched in 2020.

#### **Key Features**:

1. **Interoperability**: Facilitates the transfer of data and assets between heterogeneous blockchains (public, private, oracles) using standards like XCM.

2. **Multi-chain Architecture**:

- **Relay Chain**: The core that coordinates consensus and security.

- **Parachains**: Independent chains with their own tokens and rules.

- **Bridges**: Connect Polkadot with external networks like Ethereum.

3. **Decentralized Governance**: DOT holders vote on updates and policies, avoiding forks.

#### **DOT Token**:

- **Functions**: Staking (security), governance, and bonding to add parachains.

- **Current Data (April 2025)**: Price ~$3.72, market cap ~$5.84B.