Polkadot is a bridge-like protocol that allows exchanging data and tokens across multiple blockchains. The design was developed by the Web3 Foundation with the goal of gradually building a fully-functioning and versatile decentralized web.Polkadot\u2019s protocol offers a safe and secure environment for cross-chain computation and transmission. This, in turn, opens up a variety of possibilities for creating and connecting decentralized applications, services, and networks.The developer\u2019s unique approach to solving blockchain\u2019s interoperability issue can help build systems that operate with data stored across a variety of blockchains by establishing a system of permissioned requests. For example, a private chain containing a tax institution\u2019s records can send the required confirmation to a proof-of-income smart contract on a public blockchain.DOT is Polkadot\u2019s governance token that is used for staking, bonding, and executing decisions about the further development of the project.The DOT token works in three main ways:It\u2019s used to govern the Polkadot platform. DOT holders exercise full authority over the protocol. Unlike other platforms that keep some of the privileges exclusive to miners, Polkadot allows token holders to engage in and manage updates, fixes, and the implementation of extra features.Staking DOT allows the project to operate. Staking is the process of holding crypto assets in a wallet to help upkeep the operation of a blockchain and getting rewards for contributing to its growth. The stability of the Polkadot blockchain is achieved via a validation algorithm called NPoS. In staking DOT, a user can act either as a nominator or as a validator. Nominators can choose up to trustworthy 16 validator candidates and earn rewards. Validators, in turn, need to hold at least 350 DOT and be able to operate a stable and responsive infrastructure 24\/7.Bonding DOT creates new parachains. The token\u2019s other purpose is in the ability to attach new parachains to the\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Polkadot is a bridge-like protocol that allows exchanging data and tokens across multiple blockchains. The design was developed by the Web3 Foundation with the goal of [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3785"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3785"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}