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Polkadot

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About Polkadot (DOT)

Polkadot was developed by Gavin Wood, one of the original Ethereum founders and the developer of the Solidity language. Polkadot is a multi-chain blockchain intended to facilitate interoperability between other blockchains. The original whitepaper markets Polkadot as a “sharded version of Ethereum” in which any Polkadot-based chain can interact without relying on third party intermediaries.

Token

DOT is the native token on the Polkadot network, used for transaction fees, governance, interoperability, and bonding.

Supply

The supply of DOT grows over time through validator and delegator rewards paid to maintain the functionality and security of the network.

Polkadot website

Learn more about Polkadot on Cryptopedia:

  1. Polkadot (DOT): Envisioning Web 3.0
  2. Polkadot (DOT): Technical Architecture of a Web 3.0 Blockchain
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The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by Messari, a third party that is not affiliated with Gemini.