My crypto learning journey #8 – Polkadot (DOT)
Launched in 2020, Polkadot was founded by Dr. Gavin Wood (Ethereum co‑founder) alongside Peter Czaban and Robert Habermeier. Their goal: to develop an open-source, user-friendly and fully functional decentralized web.
Learning about DOT helped me see how blockchains can talk—and cooperate with each—securely.
✅ DOT has no fixed max supply; issuance is inflationary and dynamically managed via on‑chain governance.
✅ DOT is essential for staking relay‑chain security, parachain bonding, upgrades, and on‑chain governance.
✅ Use cases include cross-chain data and asset transfers via parachains and bridges, plus enterprise-grade DeFi and NFTs across connected chains using shared security.
Analogy: Polkadot is like a UN translator—bridging blockchains that speak different “languages,” so they can collaborate safely under a shared protocol.
