Polkadot’s DOT Token to 250$?

Hey, Guys Today We are looking into a Highly Requested Coin Polkadot.

What is Polkadot?

Polkadot Launched in 2016.
Gavin Wood is the Co-founder of Polkadot.
He is also a co-founder of Ethereum and the creator of Solidity.
Polkadot uses Solidity as a programming language for writing smart contracts in the blockchain. Most notable used in Ethereum.
Polkadot is Referred to as the “Internet of blockchains”.
Basically, You can think of Polkadot as the “wires” that would connect all other cryptocurrencies.

This means that in the future this allows you to Cross-Chain Interoperability. (cryptocurrencies/blockchains)
This would allow blockchains of all types, including decentralized Oracles like chainlink and applications to communicate with each other on a trustless platform.
So Blockchain Oracle is a service that provides smart contracts with information from the “real world”.
So A Trustless Platform is the participants in an agreement do not need to know or trust each other for the system to function.

Real-world Example:-

You bet 100$ with someone you don’t know that Barack Obama will post a photo related to football this month.
So you don’t know its person or trust him at all. But the scenario that probably happens due to the world cup rush.

How Polkadot could help:

A smart contract is set up Barack Obama’s tweet data is being fed to the contract with the blockchain oracle Chainlink.
After a month’s period ends the smart contract will answer the Yes/NO question
“Did Barack Obama posted a football photo in last month period?”
And money is sent in Bitcoin to the winner of the bet.
So you can see multiple different blockchain’s used in this scenario.
So Polkadot would bind all of them together to perform this task.
Basically, all of these events are triggering together and working through Polkadot’s network.
So Now you Have the “Internet of Blockchains”.
Interoperability is everywhere

Examples:

Relay Chain:- The Heart of the Polkadot Network
- Has minimal functionality in itself besides securing and coordinating the system as a whole.
Parachains:-
- They are basically Blockchain branches coming out of the relay chain.
- All with unique strengths and weaknesses (They give what project needs Speed, Storage, etc).
- Parachains are bids on for projects in Polkadot.
Bridges:-
- Special kinds of adapters that allow already established blockchains to plug in a join in on the fun of the Polkadot.

What is Polkadot’s Governance Structure?

All people who hold DOT have the right, not the obligation, to vote on any changes and upgrades made to the network.

The weight of your vote is based on:-
1. How many DOT you have?
2. How long your DOT is locked up with the vote.

Polkadot is trying to be a one size fits all solution in a rapidly changing area.
We don’t know for certain what will happen or who will be the winner.
Volatility:- It’s because these new crypto projects like. So that one day it will go 20% up but next day it can down 30%. we don’t know exactly what is going to happen.
But if you are educated with project use cases, the development team, and your long terms plan it’s not a concern.
But the best way to buy a Crypto like this is dollar-cost Avergeing your money. (Not buy large amounts at once just buying it on a weekly or monthly basis)

It’s an exciting project with a great and smart development team, a community that is aiming to solve an issue that makes sense in a fast-growing tech industry.