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What is Polkadot (DOT) and how does it work?

by Financial Economy

Polkadot (DOT) connects non-centralized websites, public networks or networks that do not require special permission, with blockchain and aims to establish a completely decentralized internet chain. In the Polkadot system, there is a crypto currency called DOT. Information about ” What is Polkadot (DOT) and how does it work?” is in rest of the article.

What is Polkadot (DOT) and how does it work?

Polkadot aims to securely exchange data and information by connecting blockchain networks that are operated independently. Thanks to this system, an internet usage will be created that is resistant to interference from outside. You can browse here for information about Basic Attention Token (BAT).

There are many advantages of the Polkadot system. Polkadot consists of many fragmented networks. Thanks to many parallel networks, there are no problems such as slowing down of transactions. Users operating over the Polkadot network have privatization powers that they can redesign this network according to their needs.

With the entire internet being processed on a chain, Polkadot combines a process offered by one developer with the code of a different developer, benefiting both an integrity and the growth of the ecosystem. All projects in the Polkadot network have the right to develop as they wish. Thanks to these changes, the system will be constantly updated. The fact that updates are constantly open and their users can do them will always keep the system up to date.

What is DOT?

DOT is the crypto currency of the Polkadot system. In the Polkadot system, the crypto currency DOT, which serves three purposes, has an important place for the progress and continuity of the system. DOT was launched with the ICO made in 2017.

For details: https://en.wikipedia.org/wiki/Polkadot_(cryptocurrency)

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