What is DOT?

_{What is Polkadot (DOT)?}

_‍Polkadot (DOT) is a blockchain platform designed to provide various blockchains.
Can send messages and value to each other without relying on reliability
It gives rise to a web where our data is our own and is not stored on a centralized server.
Polkadot was created by Gavin Wood, co-founder of Ethereum, and launched by the Web3 Foundation

_{Blockchain nativo:}

Polkadot operates on a unique blockchain structure. It is a multi-chain framework.
Designed to facilitate collaboration between different blockchains
AND IT HAS THE ABILITY TO SCALE MULTIPLE BLOCKCHAINS BY CONNECTING MULTIPLE SPECIFIC CHAINS INTO A COLLABORATIVE NETWORK.

_{Protokola Konsensus:}

Polkadot uses a hybrid consensus mechanism that combines Nominated Proof-of-Stake (NPoS)
For Choosing a Transaction Checker on the Blockchain
Integrate with GRANDPA (Ghost-based Recursive Ancestor Deriving Prefix Agreement) to get the desired result

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Polkadot's shared security model offers standardized security
and supports the security of all parachains (individual chains), the security of the entire network is obtained.

snelheid: The speed will vary depending on the complexity of the transaction, but the multi-chain nature of Polkadot.
It allows parallel processing, which increases the amount of work that can be done in a certain period of time.

Scalabilità: Polkadot's architecture, which connects multiple special networks. Built for scalability.
In particular, it is another highlight of this project.

_{Founder/Date Founded:}

Polkadot was founded by Dr. Gavin Wood, co-founder and former CTO of the Ethereum Web3 Foundation
Takes charge of developing Polkadot in 2016

_{Objective/Use Case:}

Polkadot seeks to enable various blockchains to collaborate and share data
Create a web where independent chains can exchange text and value in a trust-free manner.
In addition, it allows the creation and connection of more specialized chains.

_{Total supply/Limit or Unlimited:}

The initial volume of DOT is 10 million. Polkadot has an inflationary model to reward investigators of transactions on the blockchain.
And the rate of inflation changes all the time according to the contribution through staking.

_{Supply Deflation:}

Although DOT is not inherently deflationary, Polkadot has a mechanism called “transaction fee burning.”
This leads to DOT burning (removed from the supply) based on network traffic.

This article provides a basic understanding of Polkadot and DOT tokens for those new to the world of digital assets, as always.
The latest changes and advancements in the rapidly developing crypto space should be kept abreast of.

_Source:‍

Polkadot whitepaper
Polkadot.Network/Docs
Polkadot.Network/Features
Wiki.Polkadot.Network
Coinmarketcap