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Polkadot
This page shows the live Polkadot price updates and highlights comprehensive cryptocurrency market insights for DOT.
Follow today's real-time Polkadot price, read the latest Polkadot news, and stay aware of the DOT market cap valuations. Our live market data offers all the relevant price information investors need to ensure Polkadot comprises the right amount of their crypto portfolio.
Navigate the investing suite of resources. Explore historical data, discover which UK and global markets Polkadot is traded on, delve into detailed charts, and access technical analysis and connect with other investors in our Polkadot forum.
Today's Polkadot crypto UK (and global) share price is updated in real-time, making it easier to make informed investment decisions. Trust us to provide you with the best, most accurate information and expert analysis on Polkadot (DOT) today.
What Is The Symbol For Polkadot?
The symbol used for the cryptocurrency Polkadot is DOT.
Follow today's real-time Polkadot price, read the latest Polkadot news, and stay aware of the DOT market cap valuations. Our live market data offers all the relevant price information investors need to ensure Polkadot comprises the right amount of their crypto portfolio.
Navigate the investing suite of resources. Explore historical data, discover which UK and global markets Polkadot is traded on, delve into detailed charts, and access technical analysis and connect with other investors in our Polkadot forum.
Today's Polkadot crypto UK (and global) share price is updated in real-time, making it easier to make informed investment decisions. Trust us to provide you with the best, most accurate information and expert analysis on Polkadot (DOT) today.
What Is The Symbol For Polkadot?
The symbol used for the cryptocurrency Polkadot is DOT.
3.569
-0.183(-4.89%)
Real-time Data·
Day's Range
3.568
3.656
52 wk Range
3.252
11.837
Day's Range
3.5683.656
52 wk Range
3.25211.837
- Bid/Ask
- -
- Vol (24H)
- 231.12M
- Market Cap
- 5.71B
- Day's Range
- 3.568-3.656
- 52 wk Range
- 3.252-11.837
- Max Supply
- -
- Circulating Supply
- DOT1.59B
- Rank
- 23
Type:Currency
Group:Minor
Base:Polkadot
Second:US Dollar
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FAQ
What Is Polkadot Coin?
Polkadot coin is a heterogeneous blockchain protocol that utilises sharding technology to enable the seamless transfer of data or crypto-assets across blockchains. The coin aims to build a scalable, interoperable, and secure system that allows adjacent blockchain protocols to build independently or with semi-dependence on its platform while leveraging its security.
It connects both private and public networks to its Relay Chain, with each being either a parachain or a parathread. The connection is carried through bridges, enabling projects building on the Polkadot ecosystem to connect and communicate with other blockchain ecosystems. Discover more about what crypto is and how it works in our Academy.
It connects both private and public networks to its Relay Chain, with each being either a parachain or a parathread. The connection is carried through bridges, enabling projects building on the Polkadot ecosystem to connect and communicate with other blockchain ecosystems. Discover more about what crypto is and how it works in our Academy.
Where To Buy Polkadot Coin
You can buy Polkadot (DOT) on most major cryptocurrency exchanges. Popular platforms that support Polkadot include Binance, Coinbase, Kraken, and KuCoin. To get started, create an account on one of these exchanges and complete the required identity verification process. Once verified, you can deposit funds using a bank account, debit/credit card, or transfer from another cryptocurrency wallet.
After your account is funded, navigate to the trading section, search for Polkadot (DOT), and place an order to buy at the current market price or set a custom price with a limit order. Once purchased, it's recommended to store your DOT in a secure wallet, either provided by the exchange or in a private wallet for enhanced security.
After your account is funded, navigate to the trading section, search for Polkadot (DOT), and place an order to buy at the current market price or set a custom price with a limit order. Once purchased, it's recommended to store your DOT in a secure wallet, either provided by the exchange or in a private wallet for enhanced security.
What Is Polkadot Crypto?
Polkadot (DOT) is the native cryptocurrency of the Polkadot blockchain platform, which is designed to enable multiple blockchains to operate together in a secure and scalable way. Unlike traditional blockchains that operate in isolation, Polkadot connects different blockchains (called parachains) to its central hub, the Relay Chain, allowing them to share information and assets seamlessly.
DOT has several key uses within the Polkadot network. It is used for network governance, giving holders voting rights on upgrades and changes. DOT is also required for staking, where participants help secure the network and validate transactions, and for bonding, which involves adding new parachains to the network. This broad functionality makes Polkadot more than just a cryptocurrency—it’s an essential part of an ecosystem designed for blockchain interoperability and scalability. This has meant that in recent years, Polkadot crypto has become a major contender to the Ethereum network.
DOT has several key uses within the Polkadot network. It is used for network governance, giving holders voting rights on upgrades and changes. DOT is also required for staking, where participants help secure the network and validate transactions, and for bonding, which involves adding new parachains to the network. This broad functionality makes Polkadot more than just a cryptocurrency—it’s an essential part of an ecosystem designed for blockchain interoperability and scalability. This has meant that in recent years, Polkadot crypto has become a major contender to the Ethereum network.
What Makes Polkadot Coin Different?
Unlike other blockchains that operate in isolation, Polkadot’s native cryptocurrency, DOT, facilitates the transfer of data and assets between different blockchains (parachains), making it more versatile. This interconnected design allows Polkadot to scale more efficiently by processing multiple transactions across chains simultaneously, addressing some of the scalability issues seen in older blockchains like Bitcoin and Ethereum.
DOT also plays a key role in Polkadot's governance, giving holders the ability to vote on protocol upgrades and network changes. This decentralised governance model ensures that the community has a say in the future development of the platform. Additionally, DOT is used for staking, where participants can nominate and validate transactions to secure the network. It's also involved in bonding, which is necessary to add new parachains to the network.
Overall, DOT's utility goes beyond just being a digital currency. It is essential to Polkadot’s core functions, from maintaining network security to enabling cross-chain communication and scaling the ecosystem. This makes DOT a critical part of Polkadot's innovative blockchain architecture.
DOT also plays a key role in Polkadot's governance, giving holders the ability to vote on protocol upgrades and network changes. This decentralised governance model ensures that the community has a say in the future development of the platform. Additionally, DOT is used for staking, where participants can nominate and validate transactions to secure the network. It's also involved in bonding, which is necessary to add new parachains to the network.
Overall, DOT's utility goes beyond just being a digital currency. It is essential to Polkadot’s core functions, from maintaining network security to enabling cross-chain communication and scaling the ecosystem. This makes DOT a critical part of Polkadot's innovative blockchain architecture.
How Does Polkadot Work?
Polkadot operates through a central blockchain called the Relay Chain, which handles the network's overall security, consensus, and cross-chain communication. Polkadot allows other blockchains, called parachains, to connect to the Relay Chain. Each parachain operates independently but benefits from the security and scalability provided by the Polkadot network.
Polkadot uses a nominated proof-of-stake (NPoS) consensus mechanism, where validators secure the network by staking DOT tokens, and nominators back them in accordance with their trustworthiness. Additionally, Polkadot supports bridges, which connect its network to other blockchains, like Ethereum and Bitcoin, allowing for cross-chain asset transfers and communication. This structure makes Polkadot highly scalable, customisable, and interoperable, making it ideal for building diverse blockchain applications.
Polkadot uses a nominated proof-of-stake (NPoS) consensus mechanism, where validators secure the network by staking DOT tokens, and nominators back them in accordance with their trustworthiness. Additionally, Polkadot supports bridges, which connect its network to other blockchains, like Ethereum and Bitcoin, allowing for cross-chain asset transfers and communication. This structure makes Polkadot highly scalable, customisable, and interoperable, making it ideal for building diverse blockchain applications.
Who Created Polkadot?
Polkadot protocol was created by Dr Gavin Wood, one of the original eight co-founders of the Ethereum network. He is a British computer scientist credited with developing Solidity, a prominent programming language developers use to build on the Ethereum network.
Dr Wood also worked with co-founders Peter Czaban and Robert Habermeier to bring Polkadot to life in 2016. Despite this, Wood has remained the epicentre of the Polkadot project. He also previously worked with prominent developer Jutta Steiner to develop Parity Technologies in 2015. The software company contributes towards the development of Polkadot by enabling teams to build on the network. Polkadot officially launched its mainnet in May 2020.
Dr Wood also worked with co-founders Peter Czaban and Robert Habermeier to bring Polkadot to life in 2016. Despite this, Wood has remained the epicentre of the Polkadot project. He also previously worked with prominent developer Jutta Steiner to develop Parity Technologies in 2015. The software company contributes towards the development of Polkadot by enabling teams to build on the network. Polkadot officially launched its mainnet in May 2020.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
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