$DOT is the native #cryptocurreny of #Polkadot , a decentralized platform that enables interoperability between different blockchain networks. Polkadot's key features include:
1. Interoperability: Seamlessly connects different blockchain networks.
2. Scalability: Enables multiple transactions to be processed in parallel.
3. Governance: Allows DOT holders to participate in decision-making.
DOT is used for:
1. Governance: Voting on proposals for the platform's development.
2. Staking: Participating in the network's consensus mechanism.
3. Bonding: Participating in parachain auctions.
