What exactly is Polkadot? (DOT)

  • Polkadot is a “multi-chain network” that aims to connect different specialized blockchains into a single unified network.
  • Blockchains that connect with Polkadot work in parallel as so-called “parachains”.
  • This enables them to access the Polkadot network’s proof-of-stake validation of transactions and security.

What is Polkadot's goal?

Polkadot is a network designed to join the dots with all other networks. It’s commonly referred to as a multi-chain network, because it can join networks together, unlike networks like Bitcoin, which operates on its own.
Its ultimate aim is to act as a framework for all blockchains that opt-in, a bit like how HTML allows sites, browsers, and servers to interact with each other. The idea is to take care of messy and costly cryptocurrency mining processes (including validation of transactions and security protocols) and enable developers to focus on creating dapp and smart contract functionality.

More: https://decrypt.co/resources/what-is-polkadot-how-to-buy-it

Where can I buy DOT?

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