Polkadot (DOT) is now available on Newton

July 7, 2021
Newton Team
July 7, 2021
Newton Team

You asked, and we listened. The highly requested Polkadot (DOT) is now available to trade and fund on Newton.

We just added support for Polkadot (DOT) on Newton. Read on to learn more about the Polkadot project and start trading DOT today.

What sets Polkadot apart?

The Polkadot mainnet launched in May 2020, and is founded by Dr. Gavin Wood; inventor of the solidity smart contract language and founding member of Ethereum, Robert Habermeier and Peter Czaban.

Polkadot (DOT) is a software that scales blockchain interoperability much like Cosmos and Ethereum, powered by the Polkadot (DOT) token. Polkadot utilizes a sharding multi-chain method where secondary chains called "parachains" can be customized and routed back to the main chain. This means many transactions can be completed in parallel, which speeds up processing time. The network uses a NPoS (nominated proof of stake) consensus mechanism.

Polkadot's multichain protocol makes transferring data or any asset, not just tokens, possible. This functionality is intended to facilitate a fully decentralized private Web 3.0 that is controlled by the Polkadot community. The protocol design also makes it easy for developers to create custom blockchains that are connected to the Polkadot network.

How is the coin used?

With a current supply of 1 billion tokens, DOT is used for governance, network operations and staking. DOT holders can vote on network fees, auction dynamics, parachain schedule, upgrades and fixes or stake their DOT to receive rewards for validation transactions.

Like Polkadot? Withdrawals are coming soon, and stay tuned for even more coins launching this summer.

We're always adding new coin pairs – If you have a pair you'd like to have support for, let us know! support@newton.co
The views and opinions expressed here are those of individual authors and do not necessarily reflect that of Newton. The content of our articles are for informational purposes only and do not constitute financial advice.

Newton Team

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