What is Polkadot?
Polkadot is a blockchain protocol which brings multiple blockchains into one network. On Polkadot’s website, it references its new generation interoperability by enabling cross-blockchain transfers of any type of token, data or asset.
What does Polkadot solve?
All existing blockchains make trade-offs to support certain features such as speed, security and decentralisation. Ethereum provides a stable decentralised architecture for smart contracts but suffers from speed issues. EOS on the other hand provides high speed transactions but is considered to be centralised and not as secure.
At this current moment, multiple public blockchains exist in isolation from each other and information cannot be exchanged between projects. Polkadot’s focus on interoperability and multi-chain architecture is aimed at resolving the above issues and bringing about mass adoption of blockchain technology.
What’s coming up for Polkadot?
DeFi platform Cream Finance announced on 2 August that it would integrate its borrowing and lending services with Polkadot's Moonbeam smart contract platform. The smart contracts enable Polkadot users to pledge their cryptocurrencies as collateral for taking out asset loans. Cream Finance has reported more than $1 billion in total value locked on its platform.
Polkadot (DOT) 3-month price chart from CoinMarketCap
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Dacxi’s Blue Ocean Bundle offers access to a collection of today’s most promising crypto currencies including Polkadot. The Blue Ocean Bundle holds a curated range of coins, hand-picked as emerging leaders.
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Watch Ian Lowe, CEO for Dacxi Australia and New Zealand discuss the latest Global Blockchain Survey by Deloitte and crypto's recent ascent to $3T in market cap.
How to buy Polkadot (DOT) in Australia
You are able to buy DOT through a trading account with Dacxi. If you haven’t opened an account with Dacxi, all you need to do to get started is to provide details and get your account verified. Account verification is typically completed in less than 5 minutes with your Australian ID.
You can deposit funds into your account via bank transfer and POLi Pay. Once your funds have been successfully deposited, you can start buying Polkadot immediately. Simply enter the amount of DOT you want to buy and tap the ‘Buy Polkadot’ button to complete your Polkadot purchase. Alternatively, if you would like to sell Polkadot, you can do so by clicking the sell tab.
Dacxi lists a range of blue chip crypto and curated bundles with proven performance. You can use fiat currency or other cryptocurrency coins/tokens such as USDT to buy Polkadot at the market price.
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