Polkadot header image

Polkadot

DOT

Crypto

Decentralised Networks

USD 4.81+1.72%

Polkadot
UMushroom community rating:

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About
Decentralised Networks
Category
n/a
Consensus Mechanism
L1
L1/L2
Other
Sub-cateegory
n/a
Ecosystem
2020
Year of creation
Description

Polkadot (DOT) is a Decentralised Networks crypto coin. Polkadot`s origin block was generated on 2020-08-19. More information can be found at https://polkadot.com.



Key Technical Advantages:

Polkadot's core features: Heterogeneous sharding, scalability, upgradeability, transparent governance, and cross-chain composability. Heterogeneous sharding: Polkadot connects multiple specialized chains in a single network, allowing them to process transactions in parallel and exchange data securely. Scalability: By connecting multiple chains in one sharded network, Polkadot processes transactions in parallel, removing bottlenecks and enabling future scaling with nested relay chains. Upgradeability: Polkadot allows blockchains to upgrade themselves without forking, enabling projects to adapt and evolve with technology while reducing the risk of contentious hard forks. Cross-chain composability: Polkadot enables shards to communicate, exchange value, and share functionality, allowing interaction with popular decentralized finance protocols and crypto assets on external networks like Ethereum. Content summarized by AI chatbot

Source:

https://polkadot.com/papers/Polkadot-whitepaper.pdf
Key figures
-31.0%1Y
-78.1%3Y
-81.3%5Y
Performance
4/ 41D
7/ 41M
11/ 31Y
Highs/ Lows
13.09.2022
USD 54.14
All Time High
8.88%
% of All Time High
-93.32%All Time
-68.56%1 year
Max drawdown
#22
Ranking by Market Cap
7,254.12 M
Market cap (USD)
0.00%
% of Market
765.042 B
Category Market Cap (USD)
0.95%
% of Category
1545850402
Circulating Supply
1545850402
Liquid Supply
100.00%
Liquid/ Circulating Supply

N/A

Not Available Currently
Max Supply

N/A

Not Available Currently
Circulating/ Max Supply
170585561
Volume Traded
2.83%
Volume Traded/ Market Cap

Ratings & reviews

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4.00

1 votes
Performance:
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3.00
Innovation:
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4.00
Society:
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0.00
Nature:
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0.00
Tonia Zimmermann
Switzerland, 30 Sep 2022
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