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What does Polkadot’s 100x split mean (Polkadot Coin 2021 Hundredfold Coin)?

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What does Polkadot\’s 100x split mean? Polkadot\’s 100x split means that Polkadot

What does Polkadots 100x split mean (Polkadot Coin 2021 Hundredfold Coin)?

What does Polkadot’s 100x split mean? Polkadot’s 100x split means that Polkadot is splitting into two parts: one is the original Proof-of-Work (PoW) and the other is the new Proof-of-Stake (PoS). From the beginning, many people have regarded this concept as a “new blockchain.” So what exactly are these two terms? How will Polkadot achieve these changes? Let’s explain why some small changes are necessary. 1. The original PoS chain will continue to operate according to its own plan; 2. “Parallel chains” will be redefined as “relay chains”; 3. “Parallel blockchains” are called “parachains” and will not run on top of Ethereum like Bitcoin. If someone wants to join this ecosystem, they can choose to use their held DOT tokens as collateral.

This upgrade of Polkadot is mainly determined by several aspects:

1. By using governance mechanisms (such as nomination voting), adding more features, or setting certain restrictions, make Polkadot more interesting and better integrated and cooperate with other blockchains. Polkadot also adopts similar methods. In order to decentralize Polkadot and integrate it with other blockchains, they need to introduce a special way to facilitate collaboration among communities (such as if you want to create your own DeFi platform).

Polkadot Coin 2021 Hundredfold Coin

Polkadot (DOT) is a global public chain project that is excellent in technology and ecological construction. It has achieved cross-compatibility with mainstream networks such as Ethereum. Its smart contract platform Substrate has strong infrastructure support and can extend blockchain to more fields.

As one of the infrastructure of Web3, Polkadot (DOT) has received investments and support from multiple institutions: Pantera Capital, BlockTower Fund, DFG, etc.

Polkadot Coin is the hundredfold coin of 2021! Starting from its all-time high, Polkadot Coin has been soaring. It has increased by nearly 100% as of the time of writing. On September 28, 2020, the price was around $1, and it is now trading at $12.

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