Three Reasons Why $DOT (Polkadot) is Part of the Future of Blockchain
I’ve been following $DOT (Polkadot) for several years now. It’s a fascinating project with enough history to demonstrate it’s viability. With the completion of the first Parachain Auction, I feel like it’s time to outline three reasons I think it’s an incredible project which is part of the future of blockchain.
Full transparency: I am also an investor in $DOT through their tokens. If you’re using this article to inform you own investing decisions, you should consider this advice general in nature, and continue doing your own research. I’ve provided links to the research I’ve used where relevant.
#1 Built In Interoperability
If you’ve spent more than 10 minutes researching blockchain, you’re probably starting to wonder (no, I’m not talking about the ‘What the heck is going on’ question…)
You’re probably asking: “How do these all work together?”
It’s a great question. There’s some incredible technology out there. There’s blockchains with astonishing speed (Transactions Per Second or TPS) like Solana — currently running right now at ~2,700 TPS (capable of >50k), compared to Visa’s ~6532 TPS (data calculated in linked article). There’s blockchains with really really interesting use cases like PowerLedger and…