Institutions
Polkadot Price
$5.3905
+$0.1062 (2.01%)
- 1d
- 1w
- 1m
- 3m
- 1y
About Polkadot (DOT)
Buy Polkadot
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. It uses a proof-of-stake consensus mechanism, which means it consumes a small fraction of the energy used by 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.
Learn more about Polkadot on Cryptopedia:
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