What is Polkadot (DOT) and How Does it Work?
Polkadot (DOT) stands out in the blockchain landscape as a cutting-edge network designed to enhance interoperability and scalability in the world of cryptocurrencies. With a mission to address the limitations of networks like Bitcoin and Ethereum, Polkadot offers a unique architecture that enables multiple blockchains to operate simultaneously and exchange information efficiently. Launched in 2016 by the Web3 Foundation and co-founded by renowned computer scientist Gavin Wood, Polkadot is a dynamic system built to address the blockchain trilemma: balancing decentralization, security, and scalability. With its native token, DOT, it has established itself among the top 20 cryptocurrencies by market capitalization, providing an essential infrastructure for decentralized finance (DeFi) applications and other blockchain-based solutions. The Vision Behind Polkadot Polkadot aims to solve some of the most pressing challenges in blockchain technology. While Bitcoin focuses on security and Ether
