Polkadot

Polkadot Price Today

The live Polkadot price today is د.إ20.1 AED. with a 24-hour trading volume of $16,285,805,457 AED. We update our DOT to AED price in real-time. Polkadot is up +0.68% in the last 24 hours. The current CoinMarketCap ranking is #12, with a live market cap of د.إ22,176,399,767 AED. It has a circulating supply of 1,103,303,471 DOT coins and a max. supply of 1,103,303,471 DOT coins.

DOT to AED

The Polkadot live price on 5/30/2023 2:19 is د.إ20.1 AED,DOT is up +0.68% in the last 24 hours.

DOT price AED

DOT price AED DOT/AED on Tuesday,May 30, 2023 is د.إ20.1 AED,DOT is up +0.68% in the 5/30/2023 2:19:16.

Polkadot Official Website

The Polkadot official website is polkadot.network

Buy Polkadot

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Polkadot Exchange

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Polkadot Wallet

Polkadot wallet is a software program in which DOT are stored. Technically, Polkadot are not stored anywhere. For every individual who has a balance in a Polkadot wallet, there is a private key (secret number) corresponding to the Polkadot address of that wallet. Download the Polkadot Wallet APP on the Polkadot official website polkadot.network

What Is Polkadot(DOT)

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down).

Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains .

Polkadot has four core components:

Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;

Parachains: independent chains that can have their own tokens and be optimized for specific use cases;

Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;

Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.

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