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What is DOT (Polkadot)?

Crypto Terms Glossary: What is DOT (Polkadot)?

DOT is the native cryptocurrency of the Polkadot blockchain protocol and its underlying ecosystem. It is used to help maintain the security and consensus of the Polkadot Relay Chain and other components within the network (parachains, collators, fishermen, and nominators). DOT can be bonded through parachains, staked through validators, and used for other purposes. It is typically awarded to users who stake DOT to run a validator node. DOT helps the Polkadot ecosystem maintain a fair and transparent governance structure through validator staking and other mechanisms.

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