= 0.000222949912 BTC
(+0.36%) | =
Low: $6.2098High: $6.3698
24H Low / High
7D Low / High
30D Low / High
90D Low / High
Fully Diluted Valuation♾️
24H Spot Volume$139,805,058
24H Volume / Market Cap0.02
Project Start Date2020 May
What is Polkadot (DOT)
Polkadot is an open-sourced blockchain network platform that provides inter-connectivity and interoperability between parachains, by enabling chains to exchange messages through a Relay constructure.By TokenInsight Research
To enable balance transfers, the community made a public proposal for a runtime upgrade that lifted the restriction on balance transfers. Transfer functionality was subsequently enabled on Polkadot at block number 1_205_128 on August 18, 2020, at 16:39 UTC.
On August 21, 2020, redenomination of $DOT, the native token on Polkadot, occurred. From this date, one $DOT (old) equals 100 new $DOT.
Once Web3 Foundation was confident in the stability of the network and there was a sufficient number of validator intentions, Web3 Foundation used Sudo — a superuser account with access to governance functions — to initiate the first validator election. Following this election, the network transitioned from PoA into its second phase, Nominated Proof of Stake (NPoS), on June 18, 2020.
The Genesis block of the Polkadot network was launched on May 26, 2020, as a Proof of Authority (PoA) network. Governance was restricted to the single Sudo (super-user) key, which was held by Web3 Foundation to issue the commands and upgrades necessary to complete the launch process. During this time, validators started joining the network and signaling their intention to participate in consensus.
The First Draft of Polkadot Whitepaper Released
Dr. Wood started working on his idea to “design a sharded version of Ethereum” in mid-2016 and released the first draft of the Polkadot white paper in Oct. 2016.