Buy Polkadot (DOT)
Polkadot (DOT) is a digital asset with a market cap of $ 51.79B. Polkadot is ranked 9th in the global digital money rankings. In the last 24 hours the price changes by 2% - 4%. There are 1,049,321,793.1 coins in circulation. Liquidity index - 79.79. The digital money rating compiled by the BeInCrypto community is 44.102.
Polkadot is a segmented network that connects independent blockchains into a single scalable and decentralized network. It is intended to play a significant role in changing the scale of the blockchain and the interaction of services and applications that run on it.
What is Polkadot (DOT)?
Polkadot is a next-generation protocol that combines multiple blockchains to form a single network. It allows independent blockchain networks to work together, exchange data and process transactions, taking advantage of the common security provided by the Polkadot transport chain.
Its goal is to create an "Internet blockchain" or "decentralized network" in which users, rather than the monopoly of the Internet, control the situation. It also aims to make creating and connecting decentralized blockchain-based applications, services and organizations easier than ever.
What makes DOT unique
The most important parts of the Polkadot network are Relay Chain, Parachains, Parathreads and Bridges. These components greatly simplify and provide interoperability, interoperability, and scalability by combining multiple chains into a single network.
The relay chain is the backbone of the Polkadot network and its digital currency, as the validators on this chain accept blocks from all parachains and thereby secure the entire network. It acts as the main communication hub between the parachains that operate in the overall network.
Parachains are independent blockchains that are secure and operate in parallel with the relay chain. Parachains provide chain-specific functions to the Polkadot network and greatly improve the scalability and usability of blockchains.
Bridges are a special kind of parachain that connects other created blockchains to the DOT ecosystem. Bridges provide true blockchain interoperability, allowing the transfer of tokens and data between Polkadot and external networks.
DOT also has some advantages and features over other digital currencies:
Polkadot allows you to transfer data or assets of any type between blockchains. With DOT, you can interact with a wide range of blockchains through the Polkadot network.
Polkadot is built on a platform that allows developers to create a custom blockchain in minutes and plug it in to take advantage of network security and interoperability from day one.
Renewable and future-proof.
Polkadot can be updated without a hard fork of the codebase to integrate new features or fix bugs. This makes Polkadot easier to update as new technologies become available.
Security for all.
DOT parasites remain independent in their management, but unified in their security.
User-centric network management.
Polkadot uses a governance system in which all stakeholders can vote on updates and suggestions for network improvements that are coordinated across the chain and adopted autonomously.
How DOT works
DOT is the proprietary digital money of the Polkadot network and mainly serves three different purposes:
DOT token holders have full control over the protocol. The Polkadot base code will allow DOT holders to participate in chain management by defining various aspects of the network, including fees, auction dynamics and Parachains addition schedule, as well as updates and fixes to the Polkadot platform.
To facilitate the Polkadot consensus mechanism, a DOT token placement will be required. Polkadot will count on DOT holders to play an active role in the system, placing bets on valid transactions that will go through the parachains.
The DOT required to stake will vary depending on the action taken, the length of the staking, and the total number of coins wagered.
New parachains can be added to Polkadot by bonding tokens for the allotted bonding period. After the bonding expires and the parachain is removed, the associated DOT tokens will be returned to the account that linked them.
Obsolete or useless parachains can be removed by removing associated tokens to keep the network more productive and stable.
How and where to buy DOT
The DOT token is on top of the Polkadot chain, not on a public blockchain. However, DOT is not currently supported by most of the well-known digital wallets that support other tokens, but as Polkadot grows in popularity, we can expect many other wallets to offer their support. So start by finding the right online wallet online so that your investments are safe.
A popular way to buy Polkadot is through an exchange. You find a submitted cryptocurrency exchange that features DOT trading pairs. You then go through the registration process and make the purchase. This is one of the safer ways to purchase cryptocurrency. Due to the complicated registration, you don't have to worry about your data and funds.
You can also buy Polkadot in Malaysia on an online wallet. The sites differ from exchanges in the simplicity of registration. You only need to choose the right option to buy. To do this, you need to set the payment method and set the digital money of interest. Check the commission and make the exchange.
You can choose any of the presented ways and buy Dot right now.
How to start invest in Polkadot in Malaysia?
Over the past few years, the popularity of digital money has become so great that you can hear about it from people very far from the world of cloud technology. Investors are also actively entering the digital money market, preferring it to traditional stocks, securities and so on.
Is it safe to invest in Polkadot online?
Before you start investing in a completely unfamiliar market - you need to study it first, so as not to waste money. A smart investor always starts by researching the investment market and assets. Just as in traditional trading, fundamental and technical analysis is used to study the virtual money market.
The fundamental analysis method is most often used to assess the state of a particular digital money project, checking its:
- financial capabilities;
- prospects for development;
- customers / users.
Beware of false information from bots or advertisers on the Internet. Such projects promise high yield in the form of dividends, but are often just pyramids and exist for a very short time, bringing profit only to their owners.
Technical analysis is mainly based on the study of price charts of digital money over various time periods. Various price prediction methods are used, such as Elliott waves, Japanese candlesticks or indicators. Technical analysis is mostly used in fairly "stable" markets that have been around for about a decade. Digital money/token rates are volatile and using this analysis can be very risky, so research the information available online before using it.
Is DOT a good investment?
Investing in digital currencies is very popular at the moment, and many traders are already bringing in steady passive or active returns. DOT has grown strong and established itself among traders in a fairly short time.
How to buy Polkadot (DOT) right now?
Take advantage of the trading platform provided by an online broker. With its help, you will get constant access to trading using a mobile application or a program for your computer. You just need to register and you will get access to the exchange.
Be careful when choosing a platform. Make sure it has proven itself among other users and has a user-friendly appearance.
DEMONSTRATION ACCOUNT - This is a free educational trading account, which practically corresponds to the real one, but you keep all the trading on virtual money. You receive profit or pour out the deposit with virtual money. Opening the demo-account in just 2 minutes and does not present any difficulties for the treder.
With this account, you can practice at your own pace if you are a beginner or practice strategies if you have been using the platform for a long time.
In order to start trading, you must choose a real account from the menu and make an initial deposit, without which you will not be able to start trading.
The size of the initial deposit depends on the online broker you choose, the amount ranges from $5 to $500. It is important to remember that you should not start trading with a large deposit right away, it is enough to start with a small and gradually increase the invested capital.
Success of trading depends only on your actions and decisions. Enter the market only when you are fully convinced of your readiness to trade with real money. Improve your skills and predict your actions. Constantly improve your knowledge and keep an eye on your chosen asset so you don't miss price jumps.
You can start investing in Polkadot (DOT) now using the services of an online broker and increase your capital with these digital funds.
What you need to know to successfully invest in digital currency
- When choosing digital money, make sure that it is growing steadily among other digital funds.
- Choose a way of investing that is convenient for you, make sure it is reliable.
- The more demand for your chosen currency, the more its price will increase.
- Use proven trading platforms, make sure they are well established with many other traders.
- Start with small amounts, gradually increasing your deposit.
- Make sure you are prepared before you start trading on a real account.