What is Polkadot (DOT)?

Polkadot is another crypto project aiming at solving the problems with Ethereum. In fact, Polkadot was co-founded by Ethereum’s old Chief Technology Officer. Think of Ethereum as a single highway; and of the transaction fees as tolls. It is congested, and tolls are high. Polkadot takes a novel approach to solving this problem. Instead of creating more lanes on that freeway, which is a common solution other blockchains try, it allows for the creation of entirely new, separate freeways, or blockchains. And there are also ramps connecting those freeways, so exchanges are possible.
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DOT
No value0% last 7 days
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Cryptohunt's Opinion

Our take on Polkadot

We like Polkadot, because it allows developers to build their own blockchains for specific purposes and connect those. In theory this allows for much faster, independent applications. This is like having separate banks in a financial system vs. one bank serving everyone. It remains to be seen if that approach will take the lead and beat out Ethereum or others, but we think it is a strong contender in the race towards the one technology that does it all.
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How do you feel about Polkadot?

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Learn about Polkadat, a highly scalable blockchain project, on our podcast · 2 mins
What makes Polkadot special?
Polkadot is a on its own, uses to validate transactions, and is. Polkadot also supports.

Interesting facts about Polkadot

Here are some facts you may not already know about Polkadot. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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One of Polkadot's founders is the ex-CTO of Ethereum, Gavin Wood.

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The entire blockchain only uses the energy of ~7 US households per year, 100,000x less than Bitcoin.

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Polkadot can process almost 3x more transactions per second than VISA.

Polkadot reviews from the Learn.xyz community

Dive deeper into the different opinions about Polkadot and learn how others feels about it.
Polkadot
Negative review
Review author avatar
0xBrettH
9 mo. ago

Don't get me wrong, Polkadot has an excellent team, tech stack, and community, but the tough decision for projects that have already adapted a parachain on Kusama (do we stay on Kusama or try for a parachain on Polkadot) is a hindrance that dApps and protocols on other chains do not need to deal with. That being said, I do appreciate the Moonbeam/Moonriver approach of having a presence on both and hope that more follow their lead.

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Polkadot
Positive review
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mishalalex
9 mo. ago

Interesting layer 0 architecture, prioritisation of inter blockchain communication, rust based substrate language for smart contract, vetting process of dapps (PLO)

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Polkadot price and insights

See how much Polkadot is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 4 community reviews
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Polkadot, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
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# Active Discord members
-
# Telegram members
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# Active Telegram members
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