What are Polka dots? Then how to trade it?


When hearing polka-dots, people think of DOT coins (Polka-dot tokens). But what most people don’t know, it’s not the coin that matters here, It’s the network, the protocol, the blockchain behind the coin, this is what drives the coin and is responsible for the accelerated appreciation in its value.

Polkadot is a new generation blockchain protocol, developed by the co-founder of Ethereum, Dr Gavin Woods and his team. It aims to eradicate slow communication, on blockchain networks and facilitate data transfer across multiple blockchains. He plans to do this by bringing them all under one roof. The unique design and structure of the polka-dot network makes this possible. The most important parts of a polka-dot network include: Relay chains, parachains, parathreads and bridges.

  • Relay chain: The heart of the polka-dot network, it is the main communication hub between parachains and is responsible for shared security, consensus, and cross-chain interoperability.
  • Parachains: These are independent blockchains that will run on top of the Relay chain. Each parachain can have its own token and optimize its functionality for a specific use.
  • Parathreads: This is a more economical version of parachain, similar to parachain but leased for a short time to blockchain, which does not require continuous connectivity to the network.
  • Bridges: Bridges will connect existing blockchains (such as BTC and ETH) to the polkadot network and allow the transfer of tokens between polkadot and outside networks.

Unlike other blockchains, polkadot is not trying to create a niche that will rival or compete with other cryptocurrency networks, but rather trying to generate a secure, trusted, scalable, and scalable environment, where various blockchains can connect and benefit from collaborating with them. . one another.

POLKADOTS COIN

The DOT coin is the main token of the polka-dot network. First released in 2017 during the polkadot ICO. Polkadot saw a spike in value after receiving a vote of confidence from binance and was listed on the homepage. The DOT coin experienced gains that propelled it to an all-time high of $19.32 on January 16, generating an ROI of over 500% in less than 3 months. This propelled it to the 4th position in the cryptocurrency ranking.

Currently Polkadot is ranked 6th in the cryptocurrency rankings, has a market cap of over $17 billion, and is trading at $20.2 on Crypto-exchange Bityard (a price higher than its previous all-time high).

The price of the DOT coin is expected to continue to rise exponentially, as many investors are interested in developing the polka-dot network and various projects are added to the network every day.

How to Trade Polka dots

Bityard is a leading cryptocurrency/Derivatives trading platform, which offers different trading options for various cryptocurrencies including polka dots. Traders can buy or sell polka dots through various options which include: Spot trading, Contract trading, Copy Trade.

Contract Trading

In this option, the trader speculates about the price going up or down and making a profit. This allows the trader to profit from the settled difference between the entry’s opening and closing prices.

In contract trading, the trader can borrow capital to open trades with a larger margin to generate potentially higher profits. This market is open 24/7.

To trade in the contract trading market, Login

If you don’t have an account yet, click This link to register, it will not take up to 1 minute.

Spot Trading

These are trading options that offer instant settlement. As soon as a bid is placed and an equivalent bid bid is placed, the trade is immediately closed. A trader can choose to match the bid on an open order, by clicking on it and placing his bid.

Or you can create a new bid and wait for the order to match. This market is open 24/7. Bityard offers over 1 million transactions per minute and is capable of fulfilling large orders.

To trade on the Spot trading market, Login

If you don’t have an account yet, click This link to register, it will not take up to 1 minute.

Copy Trade

The latest developments on the Bityard exchange platform. It allows users to copy positions taken by verified traders and follow their trades. This option was developed taking into account beginners, who have not yet learned how to trade and individuals who are interested in trading but do not have the time. This is an easy way to make money using the knowledge of experienced traders

In conclusion, Polkadot presents a concept that will, solve many of the problems facing decentralized finance today, such as scalability and interoperability and will revolutionize, how we think about blockchain. It can be said that Polkadot is a moving wave, which is coming to change the face of the coast we call, blockchain networks.

Let’s Trade Polkadot Coin (DOT) at Bityard!

Bityard Social Media:

Leave a Comment