Be One is excited to announce another great project coming to our platform. $DOT is now available on Be One. You now can buy, sell, hold and pay in $DOT.

Project Name: Polkadot

Abbreviation: DOT

Project Introduction as per the Polkadot website:

Polkadot is a scalable heterogeneous multi-chain. This means that unlike previous blockchain implementations which have focused on providing a single chain of varying degrees of generality over potential applications, Polkadot itself is designed to provide no inherent application functionality at all. Rather, Polkadot provides the bedrock “relay-chain” upon which a large number of validatable, globally-coherent dynamic data-structures may be hosted side-by-side. We call these data-structures “parallelised” chains or parachains, though there is no specific need for them to be blockchain in nature. In other words, Polkadot may be considered equivalent to a set of independent chains (e.g. the set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except for two very important points:

• Pooled security;

• Trust-free interchain transactability.

These points are why we consider Polkadot to be “scalable”. In principle, a problem to be deployed on Polkadot may be substantially parallelised — scaled out — over a large number of parachains. Since all aspects of each parachain may be conducted in parallel by a different segment of the Polkadot network, the system has some ability to scale. Polkadot provides a rather bare-bones piece of infrastructure leaving much of the complexity to be addressed at the middleware level. This is a conscious decision intended to reduce development risk, enabling the requisite software to be developed within a short time span and with a good level of confidence over its security and robustness.

Token type: Ethereum

Total supply: 1,170,179,106

Official Website: https://polkadot.network/

Explorer: https://polkascan.io/polkadot