What is Polkadot (DOT) and How to Buy

What is Polkadot (DOT)?

Polkadot was founded by Dr. Gavin Wood in June of 2016. Gavin was one of the eight co-founders of Ethereum. Gavin Wood is also the inventor of the Solidity smart contract language, which is used to develop Ethereum smart contracts. Gavin wanted to “develop a sharded version of Ethereum.” He released the first draft of the Polkadot white paper in Oct. 2016. Polkadot is a blockchain network that supports various interconnected, appspecific sub-chains called parachains (parallelized chains). Each parachain built within Polkadot uses “Parity Technologies” substrate modular framework, which allows developers to custom craft specific components that suit their applicationspecific chain needs. Polkadot refers to these parachains that plug into a single base platform known as the “Relay Chain.” The relay chains provide security to the network’s parachains and contain Polkadot’s consensus, finality, and voting logic.

Why buy Polkadot (DOT)?

Polkadot functions on a Nominated Proof-of-Stake (PoS) system, enabling DOT owners to claim staking rewards and validator positions. Polkadot also has a governance functionality handing control of the protocol over to the community to remain fully decentralized.

Where can I purchase Polkadot (DOT)?

Polkadot (DOT) is purchased easily through a centralized exchange, such as H2cryptO. H2cryptO offers a simple interface within our H2cryptO web/mobile app, and we offer exceptional 24/7/365 live support.

Why purchase Polkadot (DOT)?

Most blockchains function independently of each other. The networks are closedoff for security reasons, security, confidentiality. and availability being the utmost priority for most decentralized networks.

Purchasing Polkadot (DOT) on H2cryptO:

a) Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).

b) Verify your H2cryptO account. Please submit all documentation for KYC verification.

c) Once KYC has been approved you are now eligible to deposit FIAT or cryptocurrency. You can fund your cryptocurrency account by choosing a cryptocurrency, and then create a wallet address. Then you can send cryptocurrency to this address. Funding your account with FIAT currency can be completed by ACH or Wire Transfer.

d) Once the ACH or wire transfer transaction has been completed, you can start buying DOT. You now will have the ability to trade cryptocurrencies with 24/7/365 live client service support.