What is Polkadot?
Polkadot is a multi-chain protocol that enables different blockchains to communicate and share security. Founded by Gavin Wood, another Ethereum co-founder, Polkadot uses a relay chain architecture with parachains that can be customized for specific use cases while sharing the network’s security.
DOT is used for governance, staking, and bonding to secure parachain slots. Polkadot’s approach to interoperability and shared security makes it a key player in the multi-chain ecosystem.
How Vela Will Monitor Polkadot
When Vela adds DOT support, you will receive 24/7 monitoring with clear trading signals that help you track momentum and price trends.