Trade Polkadot Crypto in Australia with FAMEEX
Cryptocurrency is an industry on an up swing and it seems like almost every other person you speak to has a fraction of a bitcoin to call their own. While Bitcoins are almost synonymous with cryptocurrency, there are other types of crypto coins such as Ethereum (ETH), Litecoin (LTC) and Uniswap. The newest altcoin is the Polkadot (DOT).
The Polkadot cryptocurrency, created in 2020 and developed by Web3 Foundation, is gaining much traction in the crypto world. Learn more about Polkadot and start trading on FAMEEX. Credible and well-regulated, it is one of Australia’s most popular cryptocurrency trading platforms.
What is Polkadot Cryptocurrency?
Much buzz surrounds Polkadot, one of the newest altcoins on the cryptocurrency market. This protocol was created by Gavin Wood, an English computer scientist, and the co-founder of Ethereum. It’s particularly secure and scalable due to its protocol that unites multiple blockchains. DOT coins are created and distributed by the Polkadot protocol mechanism.
How does Polkadot Work?
What makes Polkadot special and allows it to stand out from other popular cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH)? The Polkadot network has the capability to process over 1,000 transactions compared to Bitcoin’s average of 7 and Ethereum’s 30. How does it manage this? Instead of the proof-of-work consensus system used by BTC and ETH, the Polkadot protocol uses the proof-of-stake mechanism to keep the network secured and to verify transactions.
The interconnected system of blockchains, termed parachain, is an advanced type of protocol that simplifies cross-chain communication. This makes Polkadot one of fastest cryptocurrency systems in the market.
Monitor Polkadot Prices in AUD
Interested to start buying Polkadot? Start monitoring the prices of DOT crypto coins in AUD first on FAMEEX. Simply set up an account with us and you can start tracking the prices of the Polkadot coin. With market capitalisation, trading volume and price charts, you will be able to recognise market patterns and make informed decisions on the best times to buy and sell DOT crypto.
Trading Polkadot on FAMEEX
Start your journey of cryptocurrency trading with FAMEEX, Australia’s trusted exchange platform. If you’re familiar with trading and have already traded more popular coins such as Bitcoins (BTC) and Ethereum (ETH), consider the newest coin on the blockchain, Polkadot. Start trading Polkadot with us, for a seamless digital currency trading experience.