Polkadot is a network that brings many independent blockchains together under a shared security umbrella. Polkadot is therefore neither an application platform like Ethereum nor a payment network like bitcoin, but an infrastructure layer that provides other blockchains with computing time and security. The network's token is called DOT.
For you as an investor, three things matter most: what the token is actually used for, how many DOT can ultimately exist and what you get if you lock them up in the network. This profile answers these questions one by one and gives the source for every figure.
For context, the market picture: according to CoinGecko, DOT cost $0.95 at midday on Saturday, ranking 56th by market capitalisation, which stands at around $1.63 billion. Over the past 24 hours the price moved between $0.94 and $0.98; over seven days it is down 9.9 percent, over 30 days 20.8 percent. It remains far from its all-time high of $54.98 from November 2021.
Polkadot explained: relay chain, Asset Hub and the connected blockchains
The network consists of several layers. At its core is the relay chain. Hardly any applic...
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