Hot dot
If you want to say which currency is the most popular recently, it still needs to say that dot has opened the transfer function, and then it has been split into 1 billion, which has been constantly moving. The main reason is that the expected landing has to be fulfilled, and the market situation is good. Recently, defi has lowered its temperature slightly, and dot system has taken over the hot flag. Recently, the cross chain plate is very popular under the leadership of dot, and atom has doubled in the short term.
After opening the transfer function of dot, there were some smashes, which dropped to about $2.70, but it rebounded very quickly, rising to $4.8 in a week. The continuous inflation makes it impossible for everyone to ignore the existence of dot. The total amount of dot now is 1 billion, with a price of 4.8 US dollars. The total market value of dot has come to 4.8 billion US dollars. It has rapidly reached the top 10 in the market value ranking. It is really powerful. Although some dot have not yet got rid of the unlocking period, they will be released soon, and the top ten are basically stable. The hot market makes people have a good imagination. Many doter have begun to imagine the bright future price trend of dot. Some people think that by the end of February next year, dot's market value will surpass eth. We all know that dot is one of the two cross chain players. After cosmos management fell into a passive situation, dot is the most likely project to become a cross chain unicorn. But in fact, our view on dot is wrong. In fact, cross chain is just a function of dot. What dot wants to do is actually a smart contract platform, but this smart contract platform has its own cross chain function, and it is the highest level of cross chain. What dot wants to do is actually the blockchain in the blockchain. It is not a single blockchain, but hundreds of blockchains are linked together through the mechanism of relay chain and parallel chain. Through dot, hundreds of blockchains can communicate with each other and share security.
But the most important function is cross chain. Why is cross chain so important? Because today's public chains are isolated information islands with different technical architectures, disconnected from each other and operating independently. It is said that the blockchain should build Web3.0 and create DAPP ecology. However, the phenomenon of information island between public chains is very embarrassing for DAPP developers. Even if the same DAPP chooses to develop in different public chains, the same DAPP can not smoothly transfer transactions and interoperability of smart contracts. Due to the poor interoperability between blockchains, the positive pole greatly limits the application of blockchain, and the experience is extremely poor. In the competition with the Internet, such DAPP often falls into the downwind. The Internet can bring great convenience to our real life, but now DAPP of blockchain can't. At this point, cross chain technology is needed. Cross chain is born to realize asset flow, information exchange and application collaboration between different blockchain platforms. It is similar to the bridge between different public chains, realizes the data transmission between different blockchain networks, and greatly reduces the transmission cost. In order to solve the scalability and scalability of blockchain, dot defines a set of parallel chain and relay chain to solve the scalability and scalability problems respectively. Parallel chain is responsible for data operation and transaction, and multiple parallel chains can complete horizontal expansion. The relay chain, as a center of dot, verifies the blocks given by each parallel chain and proves the final certainty. Relay chain will assign verification group to parallel chain to help verify blocks, and participate in deciding whether to allow new parallel chain to join, etc. to solve the scalability of blockchain.
