10/04 - MAC's Hot Crypto Alert $DOT
Polkadot is a network protocol that allows arbitrary data
Current Price - $31.04
Any type of data across any type of blockchain
Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains.
This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible.
Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains.
This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain.
Polkadot will enable a completely decentralized web where users are in control.
Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.
Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, we seek to free society from its reliance on a broken web where its large institutions can’t violate our trust.
Looks like a breakout is on the horizon.
MAC has DCA buys set with no sells set, this is a long term hold with expectations of $DOT to hit the hundreds within the next 12-18 months.
THIS IS NOT TRADING ADVICE - MAC IS NOT A PROFESSIONAL STOCK TRADER ALL INFORMATION IS PUBLIC KNOWLEDGE AND COMMON SENSE.