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What is Polkadot (DOT)? Future price of DOT coin

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Polkadot (DOT) is a cryptocurrency known as \”Polkadotv0.9.0\”. Its features incl

What is Polkadot (DOT)? Future price of DOT coin

Polkadot (DOT) is a cryptocurrency known as “Polkadotv0.9.0”. Its features include interoperability, decentralization, and security. According to PolkaWorld data, as of December 31, 2020, the total market value of DOT is about $400 million, while the Ethereum network only accounts for a small portion of it (about $20 million). It is said that Polkadot is a network composed of four parallel chains, which together form part of the blockchain system. The first group includes relay chains and parachains, which means that relay chains are not restricted when interacting with other relay chains. According to PolkaBase data, the future price of DOT is estimated to be $1 per coin, with a current market value of over $20 billion. Furthermore, dot is a decentralized application compatible with the Polkadot network. Applications running on this blockchain can share privacy and scalability without the need for third-party custodians to maintain the protocol. It is reported that on November 28, 2019, Polkadot founder Gavin Wood tweeted that dot will become one of Ethereum’s scaling solutions, and DOT token holders will have up to $100,000 worth of network assets.

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