Altcoins News
By Dan Saada
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Polkadot (DOT) and Redenomination
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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.
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The community curated project allows everyone to speak up their ideas for the betterment of the Polkadot ecosystem.
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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…
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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.
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Needless to say, Polkadot soared from nowhere to where they are now. The spirit of true decentralization is very strong in the ecosystem.
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For clarity, redenomination is a Polkadot process by which the circulating supply has gotten inflated by 10 times in the past month.
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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.
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The split however did not change the value of the total holdings of the investors in the protocol.
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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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