Where Polkadot is Accepted Locally and Globally

DOT is the token of the realm of the Polkadot smart contract platform, another “Ethereum Killer.” It is not, as its name might suggest, of Polish origin. Despite being a top 10 crypto by market cap, it’s not very popular as a medium-of-exchange coin with small businesses.

Who Accepts DOT

Where Polkadot (DOT) is Accepted Locally and Globally — on MarketplaceGOLD

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Should you buy DOT?

Expect volatility from DOT; it’s in a word, meteoric. It’s reached an incredible market cap rapidly and there are over 300 Polkadot projects. You’ll need to do some Nootropics to wrap your head around its blazingly innovative technology — Polkadot claims that they can handle 166,000 transactions per second. It ultimately aims to power web 3.0, delivering us a “decentralized” internet.

Polkadot Network

While Polkadot has been in the works for 5-years, it’s a young crypto having been launched in 2020 by Gavin Wood, former CTO of Ethereum. So it has “adult management” but it’s yet to prove itself as a here-to-stay crypto. It is not a fixed-supply hard cap coin, it’s inflationary.

Finally, I have to voice my cynicism about this “decentralize the web” mission, if vast proportions of the web start running on the Polkadot network, wouldn’t that mean that they would yield tremendous influence over online commerce and speech, as our current Silicon Valley overlords do? I could not find free speech espoused as a non-negotiable value anywhere on their website or social media. Unless they’re enthusiastic about fighting the good fight for free speech on the internet, I’m doubtful of this decentralization business.

About

The Swiss-born “blockchain of blockchains” is often said to be an Ethereum killer. Ethereum (ETH) is the most highly traded cryptocurrency after Bitcoin.

But little known Polkadot has steamrolled it over the last month in terms of gains, up over 88% to Ethereum’s 50%.

Ethereum still seems to be the one true altcoin to Bitcoin. No one has stolen its thunder. Can Polkadot take some of that?

From the Forbes article, ‘Ethereum Killer’ Polkadot: What’s So Great About It, And Why Buy It?

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.

From polkadot.network

Originally published on MarketplaceGOLD.com. I’m an independent researcher passionate about financial antifragility and economic philosophy, not a licensed financial adviser. This is not financial advice. Please practice skepticism and critical thinking. Affiliate links in this article support MarketplaceGOLD.