Polkadot development is on track to deliver the most robust platform for security, scalability and innovation.
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology. It is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfil a set of criteria. This could start affecting DOT price which is the native token of Polkadot.
Polkadot token holders have complete control over the protocol. All privileges, which on other platforms are exclusive to miners, will be given to the Relay Chain participants (DOT holders), including managing exceptional events such as protocol upgrades and fixes.
Game theory incentivizes token holders to behave in honest ways. Good actors are rewarded by this mechanism. Bad actors will lose their stake in the network. This ensures the network stays secure.
New parachains can be added by bonding tokens and outdated or non-useful parachains are removed by removing bonded tokens. This is a form of proof of stake.
Let us review DOT price.
DOT/USD – Price Prediction
DOT is currently trading just above the support zone of $20.00 If it can hold this support, we could start seeing a bounce towards $25.88, $31.71, $34.96 and $40.84. Failure to hold the support at $20.00 could lead to a drop towards $14.29 and $10.36.
If it can clear the resistance at $40.84, we could start seeing a bigger move towards $43.08, $50.88, $73.41 and $109.85.
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