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What does the split of Polkadot mean (What is the potential of Polkadot)?

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What does the split of Polkadot mean? The split of Polkadot refers to the divisi

What does the split of Polkadot mean (What is the potential of Polkadot)?

What does the split of Polkadot mean? The split of Polkadot refers to the division of Polkadot into two categories: DOT and KSM. According to the official explanation, “Polkadot” is a token in the Polkadot network, primarily used to reward those who contribute to the network. On the other hand, “DOT” represents all the functionalities running on the platform. “KSM” is an ERC20 standard cryptocurrency that operates on the Ethereum blockchain. Similar to other digital assets like Bitcoin, it is also known as a “parallel chain”.

Due to the lack of interaction and interoperability between blockchains, DOT is divided into two types: DOT and KSM.

What is the potential of Polkadot?

Polkadot is one of the most influential projects in the blockchain field. Its ecosystem includes decentralized exchanges, lending platforms, and cross-chain protocols, among others. According to CoinMarketCap data, as of October 26, 2019, among the top 100 cryptocurrencies in terms of global market cap, only 3 have experienced an increase over the past three trading days, with USDT having the largest increase of over 30%, and BNB ranking third with a nearly 50% increase within 24 hours.

As a leader in the digital asset industry, Polkadot has attracted significant attention and funds from users due to its unique technological advantages and strong community consensus. With the maturity of Polkadot’s development, it is gaining increasing popularity among investors, and market enthusiasm is continuously rising.

Recently, Polkadot has performed well, with a current price of 8.89 Chinese yuan, representing a widening decline of 15.28% from its peak in July. (PANews)

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