Polkadot Historical Price Charts – DOT Price History
Arslan Butt • 2 min read
The Polkadot project is gaining more attention day by day. The reason could be associated with the multiple delays in the release date. Polkadot is a multi-chain blockchain-based ecosystem that allows cross-chain operations and high-level interoperability. The Polkadot network allows moving tokens across the blockchain, while also enabling communication between different blockchain environments.
Polkadot represents a 3rd-generation cryptocurrency, as it solves the problem with scalability by using multiple parallel blockchains for transactions across multiple chains. Polkadot also hosts a Substrate network, which allows users and network participants to create unique blockchain environments.
From a historical point of view, the Polkadot was established by Parity Technologies, which is currently controlled by Gavin Wood and Jutta Steiner, two former Ethereum executives. The Polkadot is also supported by the Web3 Foundation, a closely related organization that provides the project with funding, advocacy, research and collaborations.
Parity Technologies was established in 2015. In the beginning, it began by working on node software for Ethereum, which was called the Parity Ethereum client. However, they began in November 2017, when developers published the first code on Github.
Afterward, the company launched two proofs-of-concept in mid-2018 and deployed Polkadot’s first para chain in July 2018. As a result, Polkadot launched in an “initial” state in May 2020, and token transfers were enabled in August 2020.
Advantages of Polkadot:
Polkadot’s design is meant to support various chains. It is not only a single blockchain that exists in isolation. There are several advantages to its approach:
- Scalability: Polkadot supports various blockchains through a mechanism called “sharding” or parachains, which allows transactions to be processed efficiently and in parallel.
- Interoperability: Several Polkadot parachains and applications can share information and functionality, thanks to the project’s interoperable design and compatibility between chains.
- Specialization: Each Polkadot parachain can be tailored to a specific use case or application.
- Forkless upgrades: Polkadot can be upgraded without time-consuming and divisive hard forks; new features can be added without overhauling the network entirely.
- Upgradeability: Polkadot can support upgrades, without having to resort to drastic hard forks to implement change.
- Pooled Security: The blockchains connecting with Polkadot can be secured by a unifying security umbrella. This can help protect small chains that don’t have effective security bootstrapping.
Historical Data Table:
Polkadot (DOT) Historical Price Data
|Jan 06, 2021||9.62000||9.74950||9.74950||9.62000||389.41K|
|Jan 05, 2021||9.74950||9.51730||9.93640||9.21990||1.70M|
|Jan 04, 2021||9.51720||10.15870||10.15870||9.51720||2.55M|
|Jan 03, 2021||10.15870||9.21980||10.15870||8.99970||2.86M|
|Jan 02, 2021||9.21980||8.30000||9.67340||8.30000||3.19M|
|Jan 01, 2021||8.30070||9.27270||9.27270||8.24690||2.06M|
|Dec 31, 2020||9.26490||7.23200||9.26490||7.23200||3.18M|
|Dec 30, 2020||7.23200||7.54940||7.54940||7.15080||1.62M|
|Dec 29, 2020||7.51880||6.58080||7.51880||6.33580||2.41M|
|Dec 28, 2020||6.58080||5.14350||6.58080||5.14350||2.23M|
|Dec 27, 2020||5.14350||5.18790||5.32410||5.11050||1.07M|
|Dec 26, 2020||5.18790||5.21650||5.21650||5.15840||335.63K|
|Dec 25, 2020||5.21650||5.11110||5.21650||5.10060||516.56K|
|Dec 24, 2020||5.13460||4.72330||5.13610||4.72330||473.90K|
|Dec 23, 2020||4.72330||5.15990||5.15990||4.72330||391.90K|
|Dec 22, 2020||5.15990||4.87510||5.15990||4.86860||491.07K|
|Dec 21, 2020||4.87510||5.19430||5.19430||4.87510||780.32K|
|Dec 20, 2020||5.19430||5.34590||5.39000||5.11990||308.12K|
|Dec 19, 2020||5.34590||5.36410||5.48250||5.34590||309.02K|
|Dec 18, 2020||5.36410||5.34700||5.36410||5.26130||607.18K|
|Dec 17, 2020||5.34700||5.37310||5.56060||5.34700||1.09M|
|Dec 16, 2020||5.37310||5.24950||5.37310||5.13770||403.99K|
|Dec 15, 2020||5.24950||4.89630||5.24950||4.89630||370.80K|
|Dec 14, 2020||4.89630||4.88360||4.89940||4.85000||253.11K|
|Dec 13, 2020||4.88360||4.73420||4.95120||4.73420||462.57K|
|Dec 12, 2020||4.73420||4.61900||4.78410||4.61900||170.60K|
|Dec 11, 2020||4.61900||4.80170||4.80170||4.61900||203.01K|
|Dec 10, 2020||4.80170||4.87680||4.87680||4.77840||279.00K|
|Dec 09, 2020||4.87680||4.73290||4.87680||4.72450||474.83K|
|Dec 08, 2020||4.73290||5.05780||5.05780||4.73290||538.48K|
|Dec 07, 2020||5.05780||5.13250||5.13250||5.05780||73.63K|