31 October, 2020
Polkadot
Posted on : by : BlockGlossary
What is Polkadot? Polkadot Meaning:
Polkadot is a decentralized network protocol platform which makes it easier for data to be transfered between multiple non-compactible 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
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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