The project has four main objectives in order to set the foundation for a decentralized internet: facilitating communication between public and private blockchains, providing a highly scalable environment, promoting network upgrades without forking, and adopting community-driven governance.
The DOT token
As stated in Polkadot’s white paper, DOT is the native token for the network and serves three main purposes:
Participation in Polkadot’s governance, such as voting and protocol upgrades.
Staking in the network to strengthen network security.
Bonding in the Polkadot network to create parachains.
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