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
The 41st match of IPL 2024 was played on Thursday between Sunrisers Hyderabad and Royal Chal
Railways are building the Vande Metro train which will replace the Metro train designed in the 19
NMC: NMC invites applications from people coming from Pakistan to study allopathy
The National Medical Commission on Friday sought applications from minorities from Pakistan. The
The situation in Sri Lanka is getting worse. The economy here has completely collapsed and there
While hosting more than twenty heads of state from across the world, the police and various secur
Haryana Home Minister Anil Vij said on Friday that 102 FIRs have been registered so far in connec
A video is becoming increasingly viral on social media, in which a man is seen misbehaving with a
China had gone to reach 10 island countries, did not agree to the agreement; hit hard
China's efforts to unite the 10 island countries of the Pacific Ocean region have suffered a setb
Prigozhin, who was the architect of the rebellion against Putin, reached Belarus on Tuesday. Howe
It is almost certain that India will play in the final of the World Test Championship. In the Tes