Dissecting the DOT Coin Crypto and its Price Movement

Liputan6.com, Jakarta – Polkadot is an open source multichain sharding protocol that makes it easy to send cross-chain data or any type of asset. Polkadot's native cryptocurrency, DOT Coin is not just a token, allowing multiple blockchains to interoperate with each other.

Reporting from Coinmarketcapthis interoperability seeks to build a fully decentralized and private web, controlled by its users, and simplifies the creation of new applications, institutions, and services.

The Polkadot protocol connects public and private chains, permissionless networks, oracles, and future technologies, enabling independent blockchains to trustlessly share information and transactions via Polkadot relay chains.

Polkadot's native DOT token has three clear goals, namely managing network governance and operations, as well as creating a parachain (parallel chain) through bonds.

Founder of Polkadot

Polkadot was founded by the Web3 Foundation, a Swiss institution founded to facilitate a fully functional and user-friendly decentralized web, as an open source project.

The founder is Dr. Gavin Wood, Robert Habermeier, and Peter Czaban. Wood, president of the Web3 Foundation, is the most well-known of the three thanks to his industry influence as co-founder of Ethereum, founder of Parity Technologies, and creator of the Solidity smart contract coding language.

DOT Coin Price

In trading Wednesday (22/5/2024) DOT Coin performed quite well. The following is the performance. Based on Coinmarketcap data, the price of DOT Coin is IDR 122,377 with a 24-hour trading volume of around IDR 4.4 trillion.

DOT strengthened 2.29 percent in the last 24 hours. The current market capitalization of DOT Coin is IDR 175.9 trillion. To date, there has been a circulating supply of around 1.43 billion DOT Coins out of a maximum supply of 1.43 billion DOT Coins.

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