How The Polkadot Works ?
Since Ethereum's arrival on the crypto market, thousands of companies have tried to imitate its technology, but with some innovations, POLKADOT does so. The native cryptocurrency of the Ethereum Blockchain has promised to bring down the mater technology, Ether, with the development of a new trading system.
DOT, Polkadot's crypto, stands out for offering interconnection equipment between several Blockchain networks and not one as Ether does. On the other hand, the DOT cryptocurrency also allows scaling in different technologies to become a priority for investors.
Polkadot Launch
POLKADOT was born from the fracture of a partnership between Vitalik Buterin, developer of Ethereum, and Gavin Wood, who was one of the partners of the ETH team. At the beginning of 2016, Wood decided to resign from the Ethereum company due to some conflicts to start creating his decentralized protocol. In less than a year, Wood launched its first Polkadot sample that offered almost the same functions as Ethereum at the time.
With thousands of studies and technological developments, Wood, together with his team of developers, sought to renew the Polkadot project and succeeded. Now DOT is competing with Ethereum's Altcoins by offering smart contracts and decentralized application development. However, something that defines DOT is that it works with several Blockchains at the same time and not just one, which shows its performance.
The DOT cryptocurrency popularity
With the development of POLKADOT, DOT was born, which is the native cryptocurrency of Wood's company. This cryptocurrency is ranked number nine with a capitalization of $ 29 billion. The cryptocurrency has been overshadowed by Blockchains such as SOL and ADA that seek to meet more or less similar objectives.
Among things that DOT seeks to solve in the cryptocurrency market is the connection between several Blockchains, scalability in the development of technologies, and independence between Blockchains. On the other hand, Polkadot also promises a new security system and a proof-of-work mechanism with better power consumption than what is different from Ethereum.
