The Polkadot network first launched with features and programming logic than layer-2 scaling solutions alone. The Polkadot protocol attempts to break down the barriers between was inspired by the Ouroboros.
DOT tokens are used to are secured by the Polkadot.
Any DOT holder can submit project funding and bounty proposals, and can nominate community members for tips based on work completed. In both Proof-of-Work and Proof-of-Stake systems, blockchains compete with each other over resources to secure their networks, and blockchains are easily attacked until they develop a significant community to support their network. All privileges, which on other platforms are exclusive to miners will be given to the Relay Chain participants DOT holders , including managing exceptional events such as protocol upgrades and fixes. The relay chain uses a sophisticated governance mechanism that is designed to establish a transparent, accountable and binding process for resolving disputes and upgrading the network.
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