23.07.202110:05 Forex Analysis & Reviews: Altcoin "Polkadot" is the future

Polkadot is a blockchain platform that combines several blockchains in one network. It was created by Gavin Wood, who is one of the creators of Ethereum. Polka dot does not stand still and is developing by leaps and bounds, the developers plan to achieve maximum scalability with the full interaction of specialized blockchains, which are also called parachains.

Polkadot returns control to individuals over Internet monopolies, aims to show the scalability of blockchain networks, and also offers various key advantages for users.

The digital token first appeared on the crypto-Armenian market in August 2020 and started at a price of 2.7 US dollars. Polkadot is a network protocol that allows users to transfer any arbitrary data through blockchains (parachains) using a specialized public and private key cryptography system.

These chains help to process transaction data. At the moment, Polkadot is also gaining popularity very much and if one compares it with other altcoins, it has its own unique features. The most important features are scalability due to segmentation, unified security of the central relay chain, compatibility of the multi-chain network.

In addition, Polkadot is fully compatible with platforms such as Ethereum, and so, you will no longer have to choose only one isolated blockchain network instead of another. The current capitalization of Polkadot is about $ 13 billion, and the digital token occupies ninth place in the rating of cryptocurrencies.

Now, the digital token is trading at the level of 13 US dollars. Its price has been constantly growing and reached a record peak in May 2021, when it was trading at a price of approximately $ 49. However, after the entire altcoin market followed bitcoin down, Polkadot also declined to its lows in July. Many analysts are sure that this altcoin has very great prospects for the future. There may be a significant price surge in the 3rd or 4th quarter of 2021.