Polkadot (DOT) is changing its DNA, how will it affect the price?


Polkadot (DOT) is one of the star projects of 2022. After rapid progress and major corrections, the project continues to evolve, enhancing its very DNA: the management system. This is a project that stays alive and continues to live under the snow of the crypto winter. It also offers an interesting entry point with a 661% HUD. To analyze.

Polkadot (DOT), blockchain chooses decentralization!

Pois (DOT) changes its system of government. Decentralization is not just a watchword to please subscribers cryptocurrencies. This is the reason for the existence of this ecosystem. And this is the goal to be achieved. Indeed, without decentralization, the applications deriving from Blockchain it offers nothing new. These will only be versions Blockchain services and products that already exist today in our centralized economy. Take currency, for example. CDBC is a tokenized resource that works Blockchain. However, if Blockchain limited by the infrastructure of that currency, so nothing new. No prospect of freedom and it’s just a 2022 version of good old fiat money.

However, decentralization is a mystical tool that is difficult to understand, implement and explain. It’s a development team thing Pois (DOT) got it right. According to the team, the previous control mode, Gov1, had many bugs. Speckle. For example, some people had more power than others. In particular, the members of the Council or the Technical Committee. Thus first-class citizens and second-class citizens are created.

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On the blockchain, you have to move on or die

History as outlined Speckledo not forgive human organizations that do not evolve. Economies that don’t work, dictatorships that close borders, languages ​​that don’t add new words. In this photo, the team of Speckle he explained the need for a new way of managing, but also the idea that there will never be an ideal way of managing. The solution lies in change, adaptation, evolution. What Blockchain it is a revolution. Well, a revolution is like a bicycle: when it stops moving forward, it falls.

Governance is fundamental for decentralized systems.

All systems evolve or die and blockchains are not exempt from this universal law. Ease of change management, the idea that someone can fix a problem or add new functionality, is one of the advantages of centralized systems.

Polkadot (@Polkadot) July 22, 2022

Despite the willingness to change, some mistakes cannot be corrected. fifty% Pois (DOT) Stacks always allow majority. But this is the principle of democracy, isn’t it? Perhaps the importance of specific portfolios in decentralized ecosystems cryptocurrencies it encourages us to reinvent models of power sharing to achieve less proportional but more just power. A new vision that could inspire our political models at a time when the economic weight exceeds common interests. And all this in a world where the distribution of wealth is largely unbalanced.

Polkadot (DOT) Technical Analysis and Price Forecast 2022

These changes from Speckle will affect the course Polka dot cryptocurrency (DOT) ? Destiny crypto not necessarily related to the project e Blockchain. However, the value dotted (DOT) it depends on the tariff. Therefore, it is indirectly related to the control system.

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Speckle it has a market capitalization of 7.03 billion euros. This makes him twelfth cryptocurrency in the Coinmarketcap rating. On 23 July 2022 it was quoted at 7.12 euros, down by almost 6% compared to the last 24 hours. What Polka dot cryptocurrency (DOT) it is in an extremely low price range.

  • In August 2020 it appeared on the markets cryptofor around $ 3.
  • Then it literally exploded, earning $ 55, up 2984% from November 7, 2021.
  • Then the winter crypto survived this rapid rise.
  • Speckle marked support at $ 5.94 on June 11, 2022, 89% below ATH.
  • Currently at $ 7.26, the former ATH offers upside potential of 661%.

Despite being so far from its ATH today, Polkadot (DOT) remains one of the most promising projects in the blockchain ecosystem in 2022. Its ability to constantly develop and change its businesses is a strong point. It fits and doesn’t die. These are good reasons to be confident in the future of this project.

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