Polkadot (DOT): News, analysis, information, predictions, guides, and more.
Polkadot Price Crashes 94% as Usage Plummets
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24crypto.news is your source for the latest news, analysis, and predictions about Polkadot (DOT). What you'll find here: The latest news, analysis, information, price predictions, beginner guides, interviews, and more about Polkadot.
What is Polkadot (DOT)?
Polkadot is an open, sorted multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or assets, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot is designed to provide the foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer 0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains, known as parachains (parallel chains). As a metaprotocol, Polkadot can also autonomously and without forking update its own codebase by managing the chain in accordance with the will of the community of token holders.
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