Polkadot Price for today is $4.278. Its current circulating supply is DOT 987,964,778 with a market cap of $3,647,588,628.58.
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Polkadot (DOT) is a cryptocurrency of the Polkadot project with quite ambitious goals to solve the two main problems of blockchain technology: scalability and isolation between different blockchains. The solution is the creation of a true multi-chain environment, that makes inter-blockchain communication possible by providing tools for the creation of smart contracts, new tokens, and applications that can use permissioned data from other blockchains and share it on a public blockchain. The ultimate goal of this project is to power Web 3.0 decentralized potential and there are solid reasons to believe it might be a real game-changer for the crypto industry.
It is a brainchild of Dr. Gavin Wood, who is one of Ethereum's founders. He left his position of Ethereum's CTO in 2016 and presented the whitepaper of his new project the same year. After a series of successful ICO’s, raising 250 million USD in total, the project met 2020 with promising prospects of its full launch in the middle of 2020. After that, the network will be in the full control of coin holders.
The DOT cryptocurrency is used for governance and operations on the network. On 21st August the denomination event happened, dividing 1 “old” coin into 100 new ones. This was the first governance proposal after the launch of the mainnet, to make counting transactions easier. After the release of the new DOT on the market, it immediately took its place among top-performing coins.
From August 2020, Polkadot exchange and trading are fully available. Considering the public interest in the currency and prospects of the project, it is good to have a suitable Polkadot converter at hand. ChangeNOW.io makes the process of DOT exchange intuitive and easy.
You can exchange Polkadot to other coins on our site right now. Convert DOT, use it for trading or other goals - ChangeNOW will take care of finding the best rate for you and make it fast because in the crypto market time is money. Try using ChangeNOW.io as your personal DOT converter as it offers fast, secure, seamless exchange with low fees. Moreover, ChangeNOW makes it possible to exchange DOT without registration and with no upper limit.