Overview of Polkadot and Its Role in Cryptocurrency

Polkadot, launched in 2020 by Dr. Gavin Wood, co-founder of Ethereum, aims to enable different blockchains to interoperate seamlessly. Its unique architecture allows multiple specialized blockchains to connect, creating a network that enhances scalability, security, and innovation in decentralized applications (dApps).

As a utility token within the Polkadot ecosystem, DOT plays a crucial role in governance, staking, and securing the network through its Proof-of-Stake (PoS) consensus mechanism.&middot

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