Polkadot is a crypto currency like other cryptos like Bitcoin, Ethereum and others.
It was founded in the year 2017 by Web3 Foundations. The minds behind making of this crypto are of Robert Habermeier, Gavin Wood and Peter Czaban.
The initial coin offering of Polkadot was in October, 2017 which was of 10 million dot coins for 485,331 Ether.
It also facilitates the internet where independent blockchains can exchange information and transactions in a trustless way via Polkadot relay chain.
It can be used in transferring data across public, open, permissionless private and permissioned blockchains
The foundations hold 11.6% of the dot coins and the founders have around 30%.
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The value of the dot has increased over a day by 3.01% to 20.20$ from 19.61$, in a week
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The market capital rank of the coin is 9th in the world of crypto currencies.
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