Is It Finally Time To Buy DOT As Polkadot 2.0 is Coming?
What’s the best bet let's see!
In the world of blockchain and cryptocurrency, Polkadot is about to embark on a journey of significant volatility.
Over the next two to four months, it faces a major event — the release of $400 million worth of DOT tokens resulting from the Parachain Auctions held in 2021.
But the excitement doesn’t stop there; Polkadot is also on the verge of a major upgrade known as Polkadot 2.0, which promises to reshape the network and introduce more liquidity and volume.
In this article, we’ll delve into Polkadot’s future, covering everything from the short-term unlock to the long-term outlook and potential trade strategies.
What is Polkadot?
Polkadot is an ecosystem of blockchains, with the Polkadot blockchain at its core, known as the relay chain. Subchains within the Polkadot ecosystem are called parachains. Each parachain operates independently and can interact and exchange data and assets within the system.
Polkadot allows interoperability between its parachains and other layer-one networks, like Ethereum and Solana, through custom-built bridges.
