The price of the Polkadot cryptocurrency saw a major fall on Friday. The price of this digital currency slipped 4.09 percent or Rs 32.97 in the crypto market. After this fall, the price of Polkadot included in the top 10 digital currencies has come down to Rs 774.5. At this price, its market capitalization has also come down to Rs 718.3 billion.
What is Polkadot?
Polkadot is an open-source sharding multichain protocol that allows the cross-chain transfer of any type of data or assets, not just tokens, creating a wide array of interoperable blockchains. Polkadot is a sharded multichain network, which means that it can process multiple transactions on multiple chains (parachains) in parallel. As far as returns are concerned, this cryptocurrency has given a return of 625.46 percent in the year 2021. Its all-time high price has been $55.11. Polkadot is one of the top 10 cryptocurrencies. You can buy Polkadot from many cryptocurrency exchanges. After setting up your trading account on an exchange you will be able to buy or sell Polkadot.
Founded by Web3 Foundation
Polkadot was founded by the Web3 Foundation, a Swiss foundation that was established as an open-source project to build a fully functional and user-friendly decentralized web facility. According to coinmarketcap.com, its founders are Dr. Gavin Wood, Robert Hebermeyer, and Peter Jabain.
DOT tokens serve three purposes
Polkadot's native DOT token serves three clear purposes: providing network administration and operation and creating parachains (parallel chains) by bonding. Wood is the president of the Web3 Foundation, best known for his influence in the industry as the co-founder of Ethereum, the founder of Parity Technologies, and the creator of the smart contract coding language called Solidity.
Also Read: Service Sector PMI: Services sector activities at an 11-year high, PMI rose to 59 in May
Gurpant Singh Pannu: Brij Bhushan Sharan Singh's name was mentioned in the meeting of Khalistanis! This is how Pannu's big agenda was decided
The big meeting regarding Khalistan, which was held in the US capital Washington, has revealed many dangerous conspiracies. In this top secret meeting held in Washington, the Khalistani militants and
IIT JAM 2022: IIT JAM 2022 second admission list released, check direct download link here
IIT Roorkee has released the second list of Joint Admission Test for Masters (JAM) 2022. Candidates can check their admission status on the official website of IIT at jam.iitr.ac.in. For this,
Elon Musk: Elon Musk's Neuralink successfully implanted a chip in the human brain, so disabled people can get a new life.
Elon Musk has announced that the first test of implanting a chip in the human brain has been successful. Elon Musk's company Neuralink has achieved this success. Musk has said that the health of the
Bad news for 2 crore people of Delhi, 2 new sub-variants of Omicron may increase corona cases
In the wake of the Coronavirus infection from the country's capital Delhi, two scary news are coming out. The first is that during 24 hours in Delhi, more than 1000 corona cases were reported on
Project K Prabhas: 'Cheap Iron Man is looking', seeing the look of Prabhas, users got angry on social media
These days Telugu cinema superstar Prabhas is in a discussion about his upcoming film 'Project K'. The first look of the entire star cast from their film will be revealed to the fans tomorrow i.e. on
Pakistan Economic Crisis: PM Shahbaz Sharif said – In the 1960s, the country was in its teens, full of hope and promise
Pakistan Prime Minister Shahbaz Sharif on Tuesday cited three critical structural flaws. He has said that Pakistan was once considered the next 'Asian tiger' but has found itself in financial trouble.
Maharashtra's first cabinet expansion on Sunday: 40% stake to Eknath Shinde faction in the cabinet; Home and Finance Department will remain with BJP
Chief Minister Eknath Shinde may expand his cabinet in Maharashtra before August 7. According to sources, the BJP and Shinde faction have agreed on the number of ministers and portfolios. The cabinet
India vs England in the second semi-final today: Both teams will meet for the third time in the World Cup; Figures in favor of Team India
India will face England today in the second semi-final of the T20 World Cup 2022. India won four out of five matches in the group stage. England has reached the knockout stage after winning three
Delhi is colder than Shimla, IMD told - how will be the weather in North India for the next three days
Entire North India including Delhi is in the grip of severe cold and cold waves. At this time Delhi has become colder than hill stations. On Thursday, Delhi's minimum temperature came down to three
G20 Summit: PM Modi's very 'busy and profitable' tour, 45 hours 20 programs, and meeting 10 big leaders
The next 3 days of Prime Minister Narendra Modi are going to be very special and busy. PM Modi is going to Bali, Indonesia today to attend the G-20 summit. PM Modi will participate in 20 programs
