What is Polkadot and How to Buy It

Polkadot is a blockchain cryptocurrency that is aimed at delivering interoperability among other blockchains.

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What is Polkadot?

Polkadot was founded by Dr. Gavin Wood in June 2016, who is one of the eight co-founders of Ethereum. Gavin Wood is the original developer of the Solidity smart contract language, which is used to develop Ethereum smart contracts. Gavin wanted to “develop a sharded version of Ethereum” in mid-2016 and released the first draft of the Polkadot white paper in Oct. 2016.

Polkadot is a blockchain network developed to support numerous interconnected, application-specific sub-chains called parachains (short for parallelized chains). Each parachain built within Polkadot uses Parity Technologies’ Substrate modular framework, allowing developers to custom craft specific components that suit their application-specific 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.

Polkadot’s first main net launched on May 27th, 2020. The first step in a multi-stage rollout process is detailed in the project’s mainnet launch roadmap. Polkadot runs 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 the protocol control over to the community to remain fully decentralized.

How to Buy Polkadot (DOT)

Polkadot was created by Dr. Gavin Wood in Oct. 2016, who is one of the eight co-founders of Ethereum. Gavin Wood is the original developer of the Solidity smart contract language, which is used every day to develop Ethereum smart contracts. Dr. Wood started working on developing a “sharded version of Ethereum” in mid-2016 and released the first draft of the Polkadot white paper.

Where can I purchase Polkadot?

H2cryptO Exchange- 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. Please remember that once a cryptocurrency is lost, it can be difficult to recover.

Why buy DOT?

Polkadot has Interoperability between Blockchains which is a major concern with other platforms. Polkadot solves this issue through the integration of various proprietary technologies that create a bridge. Polkadot can also send/receive information from public Blockchains to private networks and vice-versa. Polkadot is also scalable, self-governed, and forkless, providing stability.

Purchasing DOT on H2cryptO:

    1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).
    2. Verify your H2cryptO account. Please submit all documentation for KYC verification.
    3. Once KYC has been approved, please deposit your fiat or cryptocurrency. You can do so by creating a wallet address then send funds to this address. Funding your account with fiat currency for trading can be completed by connecting your H2cryptO account through ACH, wire transfer, or credit card.
    4. Once the ACH, wire transfer, or credit card transaction has been completed, you can start buying DOT. You now will have the ability account to trade cryptocurrencies with 24/7/365 live client service support.

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