What is Polkadot?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
Polkadot Price Live Data
- Volume 24h: $ 67,969,046
- Market cap: $ 5,120,688,989
- Supply: 1,277,637,515 DOT
- Max supply: 1,358,586,648 DOT
- 1h %: decreased -0.11%
- 24h %: decreased -0.41%
- 7d %: decreased -4.02%
- 30d %: decreased -10.45%
- All time high: $ 54.98
- All time high %: 92.71%
- All time high date: November 4, 2021
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