POLKADOT (DOT): EVERYTHING YOU NEED TO KNOW IN 2024 (EXPLAINED SIMPLE)

There is always very little talk about Polkadot because they don't push with marketing, but deep down with their heads down they continue to develop. Let's analyze the ecosystem from A to Z, to understand how it works and how it distinguishes itself from its competitors. Follow me on Telegram: https://t.me/thecryptogateway

By popular demand, we're back to talking about Polkadot. The last video we made was over a year ago, so it's time for an update.

Let's also take advantage of this to give a recap, for those approaching Polkadot for the first time, on what it is, how it works and what its particularities are.

This video talks about the developments and features of Polkadot so far, and soon I will make another one dedicated to the FUTURE of this ecosystem, which intends to change many things towards the evolution that it calls Polkadot 2.0.

Today, however, we focus on the past and present of this chain which always goes under the radar because it does not do marketing, but in reality it has often anticipated many trends such as modularity, shared security and cross-chain interoperability.

Topics covered today:

00:00 Intro
04:50 How and when was Polkadot born?
06:35 Who created Polkadot?
09:30 What is Polkadot and how does it work?
11:20 The structure of Polkadot: Relay chain and parachain
16:00 Staking on Polkadot: how does it work?
11.10pm Parachains and rods: what are they and how do they work?
30:00 Interoperability and communication: the XCM protocol
32:35 Polkadot governance
34:00 DOT is not a security but it is software: the debate with the SEC
35:50 Tokenomics, value and fundamentals of DOT
37:30 Towards Polkadot 2.0: the future of Polkadot

I hope this deep dive was of interest to you and I wish you a good evening!

USEFUL LINKS FOR FURTHER INFORMATION:

Guide to Polkadot: https://thecryptogateway.it/polkadot/
Polkadot use cases: https://thecryptogateway.it/i-casi-duso-di-polkadot-ecosystem/
In-depth analysis on Governance: https://thecryptogateway.it/polkadot-la-governance-che-mette-davvero-al-centro-gli-utenti/

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NB: This video is NOT intended as financial advice nor as a promotion of investments or investment platforms. These are simply my opinions and visions, which I am happy to share with you for educational purposes in the certainty that you will think with your own head and make your own decisions independently!

Cryptocurrencies are volatile and high-risk assets, cryptocurrency derivatives even more so and are reserved for professional traders.
Make sure you fully understand them before doing anything.

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