Polkadot is one of the most well known blockchain projects out there, which is promoting the idea of a cross chain interoperability and transfers of any type of data or assets. This integration of different blockchains under one network allows for ease of creation for new custom blockchains, all under one secure ecosystem.
Spreading transactions across multiple parallel blockchains within the Polkadot ecosystem provides transaction scalability. A common set of validators securing multiple blockchains is enabled by the network and allows for additional economic scalability. Another interesting benefit of the network is its low carbon footprint as of the most environmentally friendly Proof-of-stake protocols.
Polkadot’s development is ensured by the network upgrades being coordinated on-chain and enacted autonomously without forking. All stakeholders have a vote and help govern the system. Polkadot’s governance is performed by the $DOT token holders who have complete control over the protocol, including upgrades and fixes.
Holding $DOT allows for staking which rewards good actors whilst bad actors will lose their stake in the network. Besides facilitating the consensus mechanism, $DOT can also be used for adding new parachains by locking the tokens during their bonding period and releasing back to the account after the duration of the bond has elapsed and the parachain is removed.
Please contact support@hextrust.com if you would like to learn more about opportunities with $DOT.