Polkadot (DOT): Polkadot is a multi-chain network designed to enable interoperability between different blockchains. Created by Ethereum co-founder Gavin Wood, it allows specialized blockchains (parachains) to connect and share data and assets securely. DOT is its native token, used for governance, staking, and bonding new parachains. This “blockchain of blockchains” approach addresses scalability and fragmentation issues in the crypto space. Polkadot’s ecosystem supports DeFi, NFTs, and IoT applications with high flexibility. Its robust governance and upgradeability without hard forks make it technologically advanced. DOT attracts developers and investors seeking a unified, scalable, and future-proof infrastructure for decentralized innovation across multiple chains.
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