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What is the polkadot price?
The Polkadot price is $6.25, a change of -1.15% over the past 24 hours as of 8:53 p.m. The recent price action in Polkadot left the tokens market capitalization at $7,290,820,199.68. So far this year, Polkadot has a change of 44.30%. Polkadot is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).Is Polkadot an inflationary token?
DOT has an unlimited supply, making it an inflationary token. The network pays out rewards to validators equally, regardless of the amount staked. Polkadot's creators have stated that their token isn't designed for speculation but instead, for the use cases mentioned above. DOT price can be viewed and monitored on Binance.How much energy does Polkadot use?
Polkadot consumes a small fraction of the energy used by conventional blockchains thanks to its next-generation nominated proof-of-stake (NPoS) model. Using the equivalent of ~6.6 US households worth of energy per year, Polkadot has the lowest carbon footprint among proof-of-stake protocols analyzed in recent research.What is Polkadot and how does it work?
Polkadot is a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Polkadot aims to achieve high degrees of security and scalability. DOT serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains. What is Polkadot?