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What is Polkadot (DOT)?
Polkadot (DOT) is a multi-chain blockchain platform that enables different blockchains to interoperate and share information. It aims to create a decentralized internet where multiple specialized blockchains, called parachains, can communicate and work together. DOT is the native token of the Polkadot network and is used for governance and staking.
How does Polkadot work?
Polkadot uses a unique architecture that consists of a main relay chain and multiple parachains. The relay chain handles the network's shared security and consensus, while parachains are independent blockchains that can have their own rules and purposes. Parachains can communicate with each other through the relay chain, enabling interoperability and scalability.
History of Polkadot
Polkadot was founded by Dr. Gavin Wood, one of the co-founders of Ethereum. The project's whitepaper was released in 2016, and the mainnet went live in 2020. The DOT token was introduced as part of the initial coin offering (ICO) in 2017.
How to buy Polkadot (DOT)?
You can buy DOT in the Bitcoin.com Wallet app in a few taps. Pay with credit card, bank transfer, or payment app and receive DOT directly in your self-custody wallet. Polkadot can also be purchased directly on this page and sent to the DOT wallet of your choice.
How to use Polkadot's multi-chain ecosystem?
Polkadot's multi-chain ecosystem allows developers to create specialized blockchains (parachains) for various use cases. These parachains can interact with each other and share data through the main relay chain. This architecture promotes scalability, interoperability, and innovation in the blockchain space.
