🚀 What is DOT (Polkadot)? It is the native token of the Polkadot network — the "blockchain of blockchains" 🌐.
🔥 **Why is this important?**
DOT is needed for staking, governance, and binding parachains — key elements of the ecosystem.
Polkadot addresses the issues of scalability, security, and interoperability between blockchains, allowing different networks to interact securely.
📈 How does it work?
1. Relay Chain — the main chain, providing security and communication.
2. Parachains — independent chains that connect to the network and share the load.
3. Bridges — connect Polkadot with Ethereum, Bitcoin, and others.
An efficient NPoS mechanism is used — proof of stake, where DOT holders support the network and elect validators.
✅ In summary: DOT is not just a currency, but a tool for a scalable, decentralized Web3, where users govern and strengthen the Polkadot ecosystem.
#DOT #Polkadot #Web3 #DeFi #crypto
Leave a comment: are you already staking DOT? 😊