Why does DOT Polkadot need to be split (DOT Polkadot final price prediction)?
Why does DOT Polkadot need to be split? PolkaWorld translation is as follows: W
Why does DOT Polkadot need to be split? PolkaWorld translation is as follows:
Why does DOT need to be split into two parts: one is the native token DOT, and the other is the parallel chain DOT.
Due to the first upgrade used in two different versions of Polkadot v0.8.9 and the new V0.9, DOT can be split into two states: one for running validator nodes on Ethereum and one for obtaining block rewards from the Polkadot ecosystem (including Kusama). The network is built by a new project called “Relay”. The new project will use smart contract execution modules similar to those on the Bitcoin blockchain, work with the Bitcoin blockchain, and operate as an independent decentralized application.
When transactions are confirmed, it means that the network must be verified by validator nodes. Then, the validators will be responsible for sending their transaction data to their wallets. This process requires multiple participants and everyone will get the same data set. If the validators want to handle these transactions smoothly, they need to restart their validator nodes. However, only one user wants to know what they are doing and have enough time for the network to stabilize.
To solve the above problem, we decided to split Polkadot into two parts: one part is the parallel chain DOT in Polkadot, and the other half is the DOT in Polkadot, also known as “shared security”. The second part is to delegate the parallel chain DOT to other parallel chains DOT, allowing DOT holders to directly vote for them to represent the interests of stakeholders. In this way, all DOT holding addresses can be incorporated into the parallel chain DOT, instead of only keeping separate parts. (PolkaWorld Note: June 23rd)
DOT Polkadot Final Price Prediction
After DOT is launched on the Polkadot mainnet, the price will be adjusted based on community and network feedback. If the final price is below $3 (or about $10,000) as shown in the graph, it is expected that DOT will reach this target price on November 16, 2021. However, since Polkadot itself is a decentralized blockchain, it may be sold at a higher price, as it will be inevitable loss once the blockchain starts producing a new proof-of-work chain. Currently, there are several ongoing projects on Polkadot awaiting approval.
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