The DOT currency is the digital currency of the Polkadot network, which is a platform aimed at enabling interaction between different blockchain networks. Polkadot was founded by Gavin Wood, one of the co-founders of Ethereum, and aims to create a decentralized and unified environment that allows for the exchange of information and values between interconnected networks.
Here are some key features of the DOT currency:
1. **Inter-network communication**: Polkadot seeks to connect multiple blockchain networks, enabling them to exchange data and transactions seamlessly. This is known as the concept of "multi-chain".
2. **Shared security**: Polkadot provides a shared security model, where multiple networks can benefit from the security of the main network (Relay Chain) without needing to build their own security.
3. **DOT token**: The DOT currency is used for various functions within the network, including paying transaction fees, participating in governance, and linking different networks.
4. **Governance system**: Polkadot relies on a decentralized governance system that allows DOT holders to vote on changes and updates to the network, enhancing community participation in platform development.
5. **Scalability and innovation**: Polkadot supports the development of decentralized applications (dApps) and new projects, providing an ideal environment for developers to create innovative solutions.