A Project That Made A Quick Entry In The Crypto Market - POLKADOT

[Oxumare]

Polkadot (DOT), the masterpiece of Gavin Wood, one of the founding partners of Ethereum and one of the most well-known names in the crypto money industry, made a very rapid entry into the cryptocurrency industry and made its name known to the whole industry at once. Polkadot investors currently have two different versions as "Old DOT" and "New DOT".

While everyone expected the DOT to suffer a sharp drop after being listed by the Binance cryptocurrency exchange, the expectations did not come true and the DOT price continued to rise.

I think this rise will continue.

[hair]

I just found out about this project. What are the advantages of polkadot over other projects?

[Oxumare]

I just found out about this project. What are the advantages of polkadot over other projects?

Polkadot is interested in being a meta protocol, with a lower level abstraction than Ethereum, i.e. smart contract level.Polkadot pushes out different goals. Those goal are around chain upgradability, governance, interactivity.You can read this talk for more https://hackmd.io/@0TOBpaKkSieExetSaifRTA/rJpr5NbkS

[Oxumare]

Polkadot (DOT). This project is on the rise after a few years and could become a real threat to Ethereum. This project was funded by the Web3 Foundation and aims to facilitate the interoperability and scalability of Blockcahins. The main difference of this protocol from other projects that want to "kill" Ethereum is that it was created to connect between Blockchain networks and increase interoperability.

it ranks 7th with its market value.

[hair]

Polkadot is one of the Hype DeFI, I am so interested in investing. Can polkdot be a solution to expensive ETH transaction fees?

[Oxumare]

Polkadot is one of the Hype DeFI, I am so interested in investing. Can polkdot be a solution to expensive ETH transaction fees?

I think DOT is a good project, but there are various speculations about the token distribution, the number of locked tokens and the number of tokens in circulation.But the team and partner agreements are very successful. If the eth network swells a little more and the expected eth 2.0 does not come, it is necessary to give up hope from ETH.

[hair]

I think DOT is a good project,

I also think so, polkadot  have potential and promise as an investment

but there are various speculations about the token distribution, the number of locked tokens and the number of tokens in circulation.

I don't understand What Is locked tokens. How did it happen? is it really necessary?

[Oxumare]

Polkadot has an investment-grade technology.But when you look at the total amount, it turns out to be a very scary picture.
Nobody still knows about 100 Million tokens yet.Many projects connected to the Polkadot network are preparing to enter the market in projects that are about to finish or will start new pre-sale, as in the market.

[hair]

It seems like a secret, I don't know if this will bring advantages or disadvantages? no one knows what will happen to polka dots in the future.

[Oxumare]

Bithumb announced that Clover, a blockchain platform powered by Polkadot technology, will be launched soon. In my opinion, this is an important event .. Integration will be in the second quarter of 2021 .. Let's follow it.