Compare Polkadot and Ethereum
2022-11-29T03:47:15Z
If you bring these two platforms to the balance, what will happen, together with TradaFX summarize some of the most important features below:
1/ Polkadot coin (DOT)
– In the process of construction and completion, so we do not know what the future will be
– Control assets on multiple single chains, forming a complex
– Can connect any smart contract or blockchain together
– Low transaction costs
– Upgrade without doing a Hard Fork
– Polkadot uses on-chain governance with a multi-channel system.
2/Ethereum (ETH)
– Pioneering in smart contract technology, which has been operating stably for many years
– Assets can only be controlled on a single chain (single chain)
– Can only be traded with smart contracts that are run on the platform of Ethereum
– High transaction costs
– Upgrades must be done with a Hard Fork
– Ethereum 2.0 governance remains unresolved
3/ Information about Polka Dot Coin
- Token Name: Polkadot
- Ticker: DOT
- Blockchain: Polkadot
- Contract: 0xa2c49cee16a5e5bdefde931107dc1fae9f7773e3
- Token Type: Utility, Governance
- Total Supply: 1.103.303.471 DOT
>> More: Should I invest in Polkadot coin (DOT) or not?
4/ DOT Coin Allocation
- The Polkadot project DOT Coin is distributed as follows:
- Polkadot Auction: 50%
- Web3 Foundation: 30%
- Further Pre-Launch Distributions: 20%
5/ Purpose of use and how to own DOT Coin
DOT is used with 4 main functions as follows:
- Governance: participate in project management and transaction development
- Staking: help create consensus mechanism
- Rewards: rewards for contributions and efforts to the project
- Bondings: a proof-of-stake (PoS) method to be able to link DOTs and create new Parachains.
- So how can investors own DOT Coin?
There are 2 basic ways for you to own this Coin, which are:
Option 1: Buy directly on brokers that have listed this coin, typically Binance, Houbi, Kucoin, PancakeSwap, FTX, Gate.io, etc.
Method 2: Participate in the development of Polkadot network by Staking and will receive the reward of DOT coins.
Polkadot substrate, Polkadot Scan, Scan Polkadot, Dotscan, Dot Scan
Our recent post
What is polkadot substrate?
2023-02-06T08:50:20Z
FAQS About What is Polka Dot Project For New Investor
2022-12-20T04:36:34Z
Compare Polkadot and Ethereum
2022-11-29T03:47:15Z
What are tokens? What is coin?
2022-11-22T11:24:08Z
Should I invest in Polkadot coin (DOT) or not?
2022-11-21T06:54:50Z
Advantages and disadvantages of the Polkadot project
2022-11-21T03:27:55Z
What is Polkadot (DOT)?
2022-09-10T10:35:27Z
Where can I see the transaction history of my Polkadot account?
2022-09-10T10:26:49Z
I can't find my account on the Polkadot network!
2022-09-10T10:20:37Z
Can I use the same account on Polkadot, Kusama and parachains?
2022-09-10T09:47:58Z