What does it mean to split dot Polkadot 100 times? (Why is Polkadot’s dot worth so much?)

What does it mean to split dot Polkadot 100 times? What does it mean to split dot Polkadot 100 times? DOT is the native token of the blockchain network, and it has two characteristics. The first characteristic is decentralization and programmability, and the second attribute is asset locking to ensure security, prevent loss and counterfeit transactions, and protect tokens in user accounts (i.e., not allowing tokens to be transferred to third-party addresses). If you want to use DOT or DOT as collateral, you need to create a new collateral pool with a contract on it. Therefore, to ensure the security and stable operation of the system, we need to redesign the protocol and provide funding support for this project.

Why is Polkadot’s dot worth so much?

Editor’s note: This article is from BlockBeats (ID: blockbeats), authorized reproduction from Odaily Starry Planet Daily.

In the past week, the market value of Polkadot (DOT) has more than doubled from $400 million to over $600 million; Ethereum’s market value has also increased to around $1 billion; Bitcoin has surpassed Ethereum to become one of the world’s largest cryptocurrency exchanges and ranks 11th globally. Why is DOT so valuable? Why is DOT so expensive? What exactly is DOT? Let’s take a look at its fundamentals:

1. It has scalability and the ability to support multiple blockchain networks, but it is also compatible with EVM and the Rust smart contract language (Note: This project was established by Parity Technologies in 2019). Currently, Polkadot is the only decentralized parallel chain protocol that can interoperate with other Layer0 public chains. This means that Polkadot’s ecological applications will be able to support blockchain of any asset type.

2. It has unique security, stability, and privacy features, making it easier for developers to use its tools, such as WebAssembly or Certik. 3. It is implemented through the Substrate technology framework. 4. “Sharding” is a new architecture for solving communication problems between blockchains. 5. Phase 1 is built on single functional modules. DOT is designed as a deflationary token and has three ways: 1) as a payment channel for transactions; 2) rewards for participants, including transaction fees, fee discounts, and additional proof-of-stake consensus mechanism for user contributions; 3) governance controls the funds of validators and nominators. If a transaction involves economic or political issues, a certain amount of DOT token must be obtained as a reward. 4) Voting will be approved 5 days later. 1% of the total supply will be distributed to each address. The smaller the proportion of DOT token holders, the larger this number. In addition, the price of DOT may fluctuate as events occur on the network, so the price may change over time.Three keywords: Polkadot, DOT token, blockchain network.