Polkadot (DOT):

All-Time High (ATH):

~ $55.09 on November 4, 2021

All-Time Low (ATL):

~ $2.69 on August 20, 2020

Here’s a quick intro:

Polkadot (DOT) is a next-generation blockchain protocol that connects multiple specialized blockchains into one unified network. It was created by Gavin Wood, one of Ethereum’s co-founders, to tackle issues like scalability, interoperability, and upgradeability.

Key features:

Interoperability — Polkadot lets different blockchains transfer messages and value in a trust-free fashion.

Parachains — Independent blockchains that run in parallel, connected to Polkadot’s main chain (Relay Chain).

Shared Security — All parachains share the security of the Polkadot network.

NPoS consensus — Uses a nominated proof-of-stake system rather than proof-of-work.

The DOT token is used for:

1. Governance (voting on network decisions),

2. Staking (to secure the network),

3. Bonding (to connect new parachains).

@Polkadot Network #Polkadot #BinanceAlphaAlert #SolanaSurge #PowellRemarks #WCTonBinance