PART3-Potential Coins 2023: 3 Cryptocurrencies to Watch Besides Bitcoin - An Analysis of the Competitive Advantages of DOT, LINK, and ETH.

Leader of the Internet Web 3.0: DOT

In 2016, Dr. Gavin Wood, co-founder and former CTO of Ethereum, published the whitepaper for Polkadot, which aims to connect disparate blockchains as a cross-chain network. Bitcoin and Ethereum are currently the two most popular chains, but they operate independently and cannot interact with each other in applications.

Polkadot's goal is to make these non-interoperable blockchains interoperable and form a "blockchain network." In simple terms, Polkadot is a leader in Web 3.0 that attempts to connect all blockchains as a decentralized, serverless internet.

The token for Polkadot is DOT.

Polkadot's official website: https://polkadot.network

Competitive advantages of DOT:

⭐️Advantage 1: Unlimited scalability

In theory, Polkadot can support an unlimited number of blockchains and connect them together.

⭐️Advantage 2: Cross-chain transactions

Because Polkadot can link different blockchains, it also supports the transfer of value between different blockchains, greatly facilitating developers and investors.

⭐️Advantage 3: Easier upgrades

Unlike other blockchains, Polkadot does not require blockchain upgrades to be done through traditional and complex methods, making it more convenient.

⭐️Advantage 4: High security

Polkadot can protect different blockchains connected to it through a unified security system.