Why buy Polkadot (DOT)
Polkadot has always found support and funding from the companies Parity and Web3 Foundation, both of which are benchmarks in the blockchain world. Its DOT token plays a central role from both a technical and governance point of view and allows staking. DOT has become the 4th most important token with the highest market capitalisation in just over four months of activity, and today holds a position among the top 20 cryptocurrencies. It is currently the most important ecosystem in the field of interoperability, enabling the simplified development of blockchain and decentralised applications thanks to its scalable system.
What it is and how it came about
Polkadot was conceived and created by Gavin Wood, universally known for inventing Ethereum’s Solidity programming language, where he worked alongside Vitalik Buterin. It aims to be a network that can offer the same functionality as Ethereum, overcoming its weaknesses and offering a range of innovative features. To achieve this, it has equipped itself with a blockchain with a completely new structure and its own consensus protocol.
Gavin Wood, together with Peter Czaban and Robert Habermeier, conceived Polkadot in 2016. It was then launched in 2020, collecting $200 million from investors. The launch was overseen by the Web3 Foundation, a non-profit association that aims to create the internet of blockchains using Polkadot. Are you ready to buy DOT?
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