Posted 2/28/2024, 4:51:00 PM
Polkadot's DOT Token Enables a Crucial Bridge Between Blockchains
- Polkadot is a blockchain network that allows different blockchains to communicate, overcoming a key limitation of cryptocurrencies
- The DOT token facilitates transactions on Polkadot, is used for staking, and passes data between blockchains
- Increased use of Polkadot translates to higher demand and value for the DOT token
- Polkadot enables fast processing of many transactions, avoiding bottlenecks
- Polkadot seems undervalued compared to Bitcoin and Ethereum given its pivotal role in the decentralized web