Polkadat (DOT) is listed in the Coinbase exchange

Polkadat (DOT) is listed in the Coinbase exchange

Coinbase, a major US exchange, recently announced that it will list the native cryptocurrency of Polkadat, DOT, on the platform.

According to the announcement, users of this exchange can deposit this currency from Monday, June 14th. If there is enough liquidity, its trading capability will be activated for users at 9:00 AM on Wednesday, June 16, Pacific time.

Users can trade DOT with various Fiat currencies, including the dollar, euro and pound sterling, and cryptocurrencies such as bitcoin and tetra.

Following this move, DOT will be listed in the Coinbase retail trading program, but the exact date is not yet known.

Coinbase has not yet commented on why the currency was chosen. It should be noted that Polkadat, with a market value of $ 23.1 million, is the ninth largest cryptocurrency in the market. Maybe this reason is enough to be on the list of currencies supported by this exchange.

Coinbase referred to Polkadat as a high-performance platform for cross-chain transactions, adding that the DOT token serves as a surveillance token for the Polkadat network, used for networking and security, as well as connecting new chains to the network.

Coinbase's decision to list DOT came weeks after it decided to add Dogecoin (DOGE) to the platform. In addition to these two currencies, Cardano, Sushi Swap, Tetra and several other currencies are also supported in this exchange.

Ethereum| co-founder: I bet {Cardano* and Polkadat*} will have a very bright future

Ethereum co-founder: I bet Cardano and Polkadat will have a very bright future

Anthony Di Iorio, a Canadian entrepreneur and co-founder of Ethereum, a leading smart contract platform, has said he strongly believes in the potential of Cardano (ADA) and Polkadat (DOT).

Di Yario, who is also the CEO and founder of the Canadian blockchain startup Decentral and the cryptocurrency wallet Jaxx, said in an interview with Anthony Pompliano that he has a diversified portfolio of several top projects, including Cardano and Polkadat.

Apparently, his full knowledge of the founders of these two projects has created such a firm confidence. Di Yario added that he joined the Ethereum development team in early 2012 after meeting with Vitalik Butrin at a Bitcoin conference.

He has strong ties to other Ethereum co-founders, including Vitalik Butrin, Cardano founder Charles Haskinson and current Polkadat CEO Gwynwood. He confirmed that when he worked with these people, he realized that they all have a purposeful vision and will certainly put these projects on the path to progress.

It should be noted that despite all the hype that has recently arisen in the Difai space, Di Yario has acknowledged that he intends to keep his investments simple and invest in larger projects.

"Most of my capital is focused on a few top projects like Ether, Bitcoin, Cardano and Polkadat. I also like Casmas. There are a few other things, but I do not get lost in the space of defense. I think to myself that I do not have enough time and energy to do this. This is a full-time program that requires a lot of work and should be at the top of everything, which is why I have simplified my life over the last few years. "

The reason for the usefulness of the Polkadot network

The reason for the usefulness of the Polkadot network

Clearly, we live in a centralized world today, and large organizations and corporations receive our data and information in exchange for providing their services and programs. The importance of this data and information is greater than the importance of crude oil, which is why new technologies such as the Chinese blockchain are becoming so popular today.

In fact, the Chinese blockchain wants to return control of data and privacy to individuals, so that individuals do not have to trust third parties.

The Polkadot network is a next-generation Chinese blockchain protocol that connects a network of blockchains and allows them to operate continuously. Polkadot allows the transfer of any type of data between different types of blockchains and therefore displays a wide range of real-world applications.

The Polkadot network brings together the advantages of different Chinese blockchain networks and provides the space for the emergence of a decentralized market. In this market, services can be accessed in a fairer way. The Chinese bloc, despite its many capabilities, has not yet gained widespread acceptance. Polkadot has certain advantages and tries to make the Chinese block more popular. Advantages of the Polkadat platform include heterogeneous sharding, scalability, scalability, transparent management, and interchain compatibility.

Multiple chains in a network

In fact, the Polkadot network here acts as a platform that connects different specialized blockchains, and through this network, all of these blockchains can be accessed.

Polkadot, through its heterogeneous sharding model, can gather a large number of chains in its network and provide interaction and communication between them. This network enables blockchains to process transactions and exchange data between each other, and Polkadot also provides the necessary security for this purpose. Each chain can have its own specific and specialized function in this network and this network does not prevent the specific functions of different chains in any way. Having many chains in this network that can do their job professionally can mean innovations and new applications.

In fact, today, a Chinese block alone is not the answer, which is why the idea of ​​Polkadot is a clever one. The old blockchains faced many scalability problems and processed transactions one by one. The Polkadot network has used its own scaling technology to solve the scalability problem and is going to solve this problem even more in the future by using the nested relay chain design. In this way, the number of chips added to the network increases.

 Guarantee the future of Polkadot

We have all used different software and programs and we know that these software and programs need updating and debugging. Blockchains also behave this way and need to be updated. Updating the blockchain is difficult and requires a fork.

Sometimes we need to do a hard fork to upgrade a blockchain, which can separate members of a community. We all remember the Bitcoin hard fork and the separation of the bitcoin cache, and we know that members of the two communities are still rhetorical and critical of each other.

Updating blockchains takes a lot of time, and sometimes it takes months to complete an update. However, the Polkadot network makes updates easy and fast, and you do not need to fork to do these updates. Polkadat, using its transparent management system, has been able to achieve this important goal and create this huge change.

That said, Polkadot helps various projects stay agile and up-to-date, and greatly reduces the risk of controversial hard forks. These hard forks were a serious barrier to the entry of many large organizations and companies into the Chinese blockchain space, which the Polkadot network has removed.