Polkadot (DOT) Crypto Explained In 2022!

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Polkadot (DOT) Crypto Explained In 2022!

Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. Today’s video fills you in on the basics of Polkadot, a dive into the ecosystem, and how it differentiates from its counterparts and aims to revolutionize blockchain technology as we know it with its parachains! Links Mentioned: Polkadot (DOT): t Polkadot’s website: / Substrate: / Kusama: / Polkadot Behind the Code, Ep.1: /> Timestamps: 0:00 Intro 0:26 What is Polkadot (DOT)? 0:50 Why is Polkadot important? 2:14 What is Polkadot exactly? 2:51 What is the Polkadot ecosystem? 3:37 How does Polkadot work? 5:13 The benefits it offers 7:35 Closing thoughts Download CoinGecko App!📱 iOS: s Android: d Follow us! Twitter: Instagram: o TikTok: Telegram: Subscribe to CoinGecko’s Newsletter! 📩 / #Polkaot #DOT #Blockchain #Crypto #Parachain #ParachainAuction #InternetOfBlockchains

10 thoughts on “Polkadot (DOT) Crypto Explained In 2022!”

  1. With majority of buggs being in bridges, how safe is polka dot? Seems like xxl risky. Especially seeing the terra debacle and everything it took down with it. Is security Inter connectness even Desirable? Would islands of blockchains not be safer and actually represent decentralization?

  2. Building bridges is great. The only problem is in building bridges from one useless coin to another useless coin.

    The real benefit will come when token/coin tech matures to the point that become legitimate. Hopefully within the next 5 years we will see true standards come in to play and this becomes pivotal functionality to tie the world together.

  3. I remember ICX being the "internet of blockchains" as well. Also, once chainlink releases CCIP….

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