Introduction of POLKADOT Coin and its Importance to the Blockchain

moneyster (65)PRO TRON FANin Tron Fan Club • 8 months ago

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Assalam-o-Alaikum Steemians !

I'm @moneyster, a professional level Cryptocurrency investor and an analyzer. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community

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General Idea of this Polkadot Coin and its foundation

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We all know that most popular Crypto Currencies are built on a specific project or are based on specific projects such as Cosmos, Link, and other Popular cryptocurrencies. Likewise, our Polkadot Coin is also created with a great and valuable project in the Decentralized Blockchains.

In fact, the POLKADOT network has the ability to connect other blockchains by allowing values and network data in different blockchains. Here the interesting thing is that it can connect different types of Crypto projects such as BTC and ETH.

Here we can use the Dot Coin as the governance token for accomplishing all the actions within the Polkadot network. As a result of its scalability and instantaneously, Polkadot has taken a great place in the decentralized network.

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What are the Pros and Cons of Polkadot Network

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In the Upgradation Process of the Blockchain Network, we don't need to do it manually by doing a Fork. Because it has introduced an automated process for its upgrades within the network. Also, we already know that the Polkadot chain has the ability to connect other networks and keep the data transfer process very scalability.

As Cons of the Polkadot Network, we don't have many things to discuss. But, the development of this project is very complex and it is very difficult to know the process of its development. Therefore, professional engineers needed to write programs on this network.

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Simple Technical Analysis of POLKADOT coin

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Above we can see that the price of Dot coin has acted as a W channel and if the price movement has the ability to break the ability to the top of the W shape, definitely, it will go for a long bull run. So, everyone can keep focus on this level and take the entry on time.

At the same time, as I said in my previous article, we should remember that all the indicators and strategies are not efficient completely as nothing we can find 100% efficient in the world. So, we should depend only on these strategies and indicators to confirm our trading opportunities.

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I have studied the below-sourced articles to study these topics further, and I have explained all the above facts in my own words and experience.

Source 1

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8 months ago in Tron Fan Club by moneyster (65)PRO TRON FAN

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steem.history (78) 8 months ago

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