Polkadot
DOT
Crypto
Decentralised Networks
USD 6.27-19.2%
Polkadot
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2DeFi
Sub-cateegoryn/a
Ecosystem2020
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 chatbotSource:
https://polkadot.com/papers/Polkadot-whitepaper.pdfKey figures
0.33%1Y
-71.9%3Y
-81.3%5Y
Performance
7/ 61D
11/ 51M
11/ 31Y
Highs/ Lows
13.09.2022
USD 54.14
All Time High
11.57%
% of All Time High
-93.32%All Time
-68.56%1 year
Max drawdown
#17
Ranking by Market Cap
10,659.40 M
Market cap (USD)
0.00%
% of Market
883.032 B
Category Market Cap (USD)
1.21%
% of Category
1530343780
Circulating Supply
1530343780
Liquid Supply
100.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
963982601
Volume Traded
9.18%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
3.00
Innovation:
4.00
Society:
0.00
Nature:
0.00
Tonia Zimmermann
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