Polkadot (DOT) is a network protocol that allows arbitrary data to be transferred across blockchains. Polkadot aims to be a multi-chain application environment, connecting each blockchain, including private and consortium chains, public and permissionless networks and others, together using Relay Chain technology.
Essential details:
- Polkadot was co-founded by Gavin Wood (co-founded and was a former CTO of the Ethereum), Robert Habermeier, and Peter Czaban
- Polkadot does not have a maximum supply.
Why invest in Polkadot?
- Connecting the dots
Nowadays, there are many blockchain technologies being created, but they are separated. Polkadot aims to connect them together.
- Adaptability
Polkadot can upgrade without hard forks to integrate new features or fix bugs.
- User-driven network
Polkadot features an advanced governance system in which all stakeholders have a vote.