CoinSmart is not affiliated with any investment advisor, broker, or third party and will never ask you for access to your account. Read more here

Polkadot DOT

CAD
USD
EUR
polkadotPolkadot (DOT)
$
51.73
2.93%
polkadotPolkadot (DOT)
$
41.92
2.93%
polkadotPolkadot (DOT)
36.00
2.93%

DOT/CAD

Polkadot
$
51.73
2.93%

DOT/USD

Polkadot
$
41.92
2.93%

DOT/EUR

Polkadot
36.00
2.93%

Want to learn more about Polkdadot?
We have your answers.

Don’t fret. We’ve compiled a FAQ for you below—dive in and explore.

Polkadot is a decentralized and open blockchain platform that connects diverse blockchains with each other. Polkadot can be thought of as a set of independent chains like Ethereum, Bitcoin, Ethereum Classic, etc. Along with this, it has other crucial additions such as pooled security and trust-free interchain transactability.

The Polkadot network is scalable by design and there is no upper limit to the number of chains that it can accommodate. What this also means is that Polkadot can handle a seemingly infinite number of transactions.

The company behind Polkadot is the Web3 Foundation. The three co-founders are Dr. Gavin Wood, Robert Habermeier, and Peter Czaban. Dr. Wood was the co-founder of Ethereum and created the Solidity language. Habermeier is a Thiel Fellow and a long-term member of the Rust community. Czaban is the Technology Director of the Web3 Foundation.

You can buy DOT from CoinSmart with CAD, USD, and EUR. Just go here

Polkadot can connect any previously existing blockchain as long as it matches any two criteria:

  • It should be able to convey the finality of its blocks via compact and fast light-client proofs.
  • There must be a means by which a large set of independent nodes can authorize a transaction.

You can keep track of DOT’s price in real-time here.

Polkadot is governed by DOT token holders. Token holders can perform one of the following roles:

  • Validators: These holders verify the validity of the information contained in the blocks and maintain consensus.
  • Nominators: These holders nominate validators to carry out the validation work.
  • Collators: Collators collate information from different parachains within the network and provide proofs to validators.
  • Fishermen: Monitor activity across the ecosystem to deter bad actors.