What is the Split of Polkadot (Polkadot Usage)
What is the split of Polkadot According to official news, the currency of Polka
What is the split of Polkadot According to official news, the currency of Polkadot (DOT) has been split from the original ratio of 1:100 to 10:1. This means that at the beginning, DOT holders will no longer be able to participate in network governance with the original 1/100 of DOT; instead, they will need to stake a certain amount of DOT to participate in activities when a new parallel chain is added and supported by these parallel chains.
As a blockchain, Polkadot aims to become a part of the entire blockchain system. Therefore, it achieves this vision by splitting all tokens. However, since there is currently no specific technical roadmap for Polkadot, in order to ensure the development of ecological projects and the security of funds, it is necessary to reassemble some core assets into new tokens for better development.
Usage of Polkadot (DOT)
The native token DOT of the Polkadot blockchain is used to pay for all costs of running nodes in the network. It enables users to securely store and transfer their funds on decentralized applications (dApps) by providing valuable information to them.
As a deflationary currency, its usage is twice that of other cryptocurrencies, such as Ethereum, USDT, stable coins; Bitcoin, other cryptocurrencies; Cardano, stable coins.
In addition, DOT can also be used for governance, including staking or delegating to validators for voting.
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