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DOT

Polkadot

DOT

Live Polkadot price in India

₹551.14

7.45%

Currency

Polkadot Market Insights

Market Cap

₹0

Fully Diluted Market Cap

₹0

Volume 24H

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Circulating Supply

0 DOT

Total Supply

0

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DOT to INR Converter

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1 Polkadot equals to 551.14 INR

As of Invalid Date

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Things to know about Polkadot

What is Polkadot?

Polkadot is an open-source, sharded multichain protocol that enables secure connections between specialized blockchains. Sharding here means that the work to be processed on the blockchain is split into multiple parachains, which process the work quickly. It facilitates cross-chain transfers of various data and asset types, promoting interoperability among blockchains. Polkadot allows for autonomous code updates through on-chain governance. The native DOT token has roles in staking, governance, and connecting parachains.

Things to consider before buying Polkadot

Polkadot faces stiff competition in terms of utility from Cardano and Cosmos.

Polkadot uses the nominated proof-of-stake consensus mechanism.

More than 1.2 Billion Polkadot is in circulation. There is an infinite supply of Polkadot. (August 2023)

Polkadot is the flagship protocol of the Swiss Web3 Foundation.

Reasons to buy Polkadot (DOT)

Polkadot has utility in Web3.

Transactions on Polkadot are fast ie. around 1000 transactions per second.

Polkadot is energy efficient, and has the least carbon footprint according to a report by Bloomberg.

Polkadot can integrate with other blockchain networks and has high utility due to its unique design.

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Pratik Poddar

Pratik Poddar

Partner, Nexus Venture Partners

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Frequently asked questions about buying Polkadot in India

Have a question that is not answered? You can contact us at help@mudrex.com

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