Polkadot Decoded 2021 is the virtual conference on all things that are about Polkadot.  The second edition of the event is set to happen on May 20, 2021.  This year everyone are allowed to share their unique perspective about why Polkadot matters.  There is no need for one to be a developer to express why Polkadot matters.

The community curated project allows everyone to speak up their ideas for the betterment of the Polkadot ecosystem.  This event provides opportunity for both technical and non-technical audiences.  The call for proposals allow for views and talks on use cases, technical deep dives, project lightning pitches, and workshops.

Therefore, regardless of one being someone who is building a project on Polkadot Ecosystem or it is someone with just a simple idea for the ecosystem, they do have a say in the Polkadot conference sustaining the decentralized spirit of the ecosystem.

Users can apply to speak and help curate the program in accordance with the prescribed guidelines.  They can give their opinions about, which speaker they would like to see.

Polkadot (DOT) and Redenomination

Needless to say, Polkadot soared from nowhere to where they are now.  The spirit of true decentralization is very strong in the ecosystem.  A lot of discussions are happening within the community about what Defi on Polkadot would look like, what would interactions between parachains take place, how to sort issues related to externally generated accounts and so on.

For clarity, redenomination is a Polkadot process by which the circulating supply has gotten inflated by 10 times in the past month.  Reportedly, this is one of the reason behind the meteoric price rise of DOT. For those who do not understand redenomination, it is a lot like stock split.  After a stock split it is very common to see the value of the stocks rise.  So, after redenomination, the value of the DOT increased. This is because small investors look at it as being affordable.

The redenomination process was first heard of in the cryptocurrency space only in the Polkadot Ecosystem.  In this process, one old DOT got divided in to 100 new ones.  Thus, the overall supply when it was first done increased from 10 million tokens at Genesis to 1 billion.

The split however did not change the value of the total holdings of the investors in the protocol. Though not 100% responsible the redenomination process is considered to be in part responsible for the improvement in the token’s fortunes.

We hope you’ll like this article and if so feel free to send a tip to our writers in Polkadot (DOT) To :

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Thank You,

The TCAT team.