0x7083609fce4d1d8dc0c979aab8c8...
$6.71
PRICE
$6,629,057,014
MARKETCAP
987,579,314
CIRCULATING SUPPLY
1,103,303,471
TOTAL SUPPLY

Introduction to Polkadot (DOT)

Polkadot is a sharded heterogeneous multi-chain architecture that enables external networks as well as customized layer one “parachains” to communicate, creating an interconnected internet of blockchains. The network uses an environmentally-friendly proof of stake consensus algorithm.

The protocol was created by the Ethereum co-founder Gavin Wood and is developed by the Web3 Foundation with the initial implementation by Parity Technologies.

Polkadot has four core components:

  • Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability, and shared security across the network of different chains
  • Parachains: independent chains that can have their own tokens and be optimized for specific use cases
  • Parathread: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model
  • Bridges: allows parachains and parathreads to connect and communicate with external blockchains like Ethereum

Polkadot (DOT) Price Chart