{"id":242,"date":"2021-03-09T22:35:01","date_gmt":"2021-03-09T22:35:01","guid":{"rendered":"https:\/\/investapal.com\/TV\/?page_id=242"},"modified":"2021-03-09T22:35:01","modified_gmt":"2021-03-09T22:35:01","slug":"what-is-polkadot","status":"publish","type":"page","link":"https:\/\/investapal.com\/TV\/education\/what-is-blockchain-technology\/what-is-polkadot\/","title":{"rendered":"What is POLKADOT?"},"content":{"rendered":"\n<p><em>Along with Cardano\/ADA, Polkadot is another promising third-generation cryptocurrency to consider.<\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img data-recalc-dims=\"1\" height=\"169\" width=\"300\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/investorplace.com\/wp-content\/uploads\/2021\/01\/dot1600-300x169.jpg?resize=300%2C169&#038;ssl=1\" alt=\"\" class=\"wp-image-1820848\" title=\"\"\/><\/figure><\/div>\n\n\n\n<p>Source: Zeedign.com \/ Shutterstock.com<\/p>\n\n\n\n<p><strong>Approximate Market Cap:<\/strong> $27 billion<br><strong>Year Established:<\/strong> 2017<br><strong>Cost Per Transaction:<\/strong> Nominal<br><strong>2020 Return:<\/strong> 205%<br><strong>Score:<\/strong> \u2605\u2605\u2605\u2605<\/p>\n\n\n\n<p>In December, Binance announced a $10 million fund to support projects on Polkadot, a new cryptocurrency. DOT\u2019s price <a href=\"https:\/\/www.coindesk.com\/polkadot-surges-after-binance-home-page-listing-10m-endorsement\">shot up 41% within a week<\/a>. And more gains could be on the way.<\/p>\n\n\n\n<p>Founded by Gavin Wood, the Chief Technology Officer of the Ethereum Project, its protocol improves on older blockchains. From a technological standpoint, Polkadot\u2019s key difference is its use of parachains \u2014 multiple blockchains that can run in parallel. That solves a massive issue for Bitcoin, which has a single, growing blockchain that all miners (and transactors) need to store. Developers have also added scalability, smart contracts and security.<\/p>\n\n\n\n<p>Still, investors need to remember that, in the world of cryptocurrencies, the best technologies aren\u2019t always the winners \u2014 it will take strong marketing (and some luck) to get Polkadot to rival its larger competitors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Along with Cardano\/ADA, Polkadot is another promising third-generation cryptocurrency to consider. Source: Zeedign.com \/ Shutterstock.com Approximate Market Cap: $27 billionYear Established: 2017Cost Per Transaction: Nominal2020 Return: 205%Score: \u2605\u2605\u2605\u2605 In December, Binance announced a $10 million fund to support projects on Polkadot, a new cryptocurrency. DOT\u2019s price shot up 41% within [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":190,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-242","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/comments?post=242"}],"version-history":[{"count":1,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/242\/revisions"}],"predecessor-version":[{"id":243,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/242\/revisions\/243"}],"up":[{"embeddable":true,"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/pages\/190"}],"wp:attachment":[{"href":"https:\/\/investapal.com\/TV\/wp-json\/wp\/v2\/media?parent=242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}