Polkadot’s proof of stake blockchain employs a unique sharding mechanism. This allows each blockchain to maintain its independence while still enjoying the benefits of being connected to a larger network. Parallel transactions significantly increase the network’s scalability.
What is DOT used for?
DOT is Polkadot’s native utility token, and it has three main functions. DOT holders can use their tokens to participate in governance activities or stake their tokens to generate rewards. In addition, DOT is used as a bonding mechanism that helps maintain the connected blockchain network.
How do I buy DOT?
It’s easy to buy Polkadot in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase DOT. It’s as simple as that!
Learn how to sell Polkadot.
Why should I trade Polkadot with Coinstash?
Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.
People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.
Ready to start trading Polkadot (DOT)? Create your Coinstash account in minutes!