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What is Polkadot? Polkadot Meaning:

Polkadot is a decentralized network protocol platform which makes it easier for data to be transferred between multiple non-compatible Blockchains securely.

Polkadot was created by Gavin Wood (Ethereum Co-Founder) via Web3 Foundation in 2017.

It is represented with DOT just as BTC for Bitcoin! See Altcoin.

Full Name: Polkadot

Symbol: DOT

Total Supply: 1Million initially at Genesis address but now about 1Billion after Denomination on August 21st 2020

Blockchain: Polkadot Blockchain

Launched:   2017

Launched Price: $1USD = 3.4DOT at rate of $0.29

Genesis Address: Unknown

Programming Language: Rust and Javascript on Substrate Framework

Mineable: Yes

Modes of Mining: PoS

Founder/Developer(s): Gavin Wood (Ethereum Co-Founder) via Web3 Foundation

Digits: 10(0.0000000000) known as (New DOT) was previous launched in 2017 using 12 decimal places 1,000,000,000,000 Planck (Old DOT) but after redenomination in August 2020, it deduced to 10Decimal places.

Smallest Unit: Planck. 1DOT = 10,000,000,000 Planck

Forked From: None

Forked Coins: None

Algorithm: PoS

Website: Polkadot.network

Twitter: @Polkadot

Telegram: @PolkadotOfficial

Reddit: Reddit.com/r/dot/

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