Thanks to Chainlink, off-chain data may now be included in smart contracts.
The Polkadot protocol allows decentralized blockchains to freely exchange data.
Let us look at the top 3 DOT-based cryptocurrencies by volume in the last 24 hours.
Polkadot (DOT)
In addition to staking for operations and security, the Polkadot (DOT) token provides network governance and links parachains. By linking public and private chains, permissionless networks, oracles, and other emerging technologies, the Polkadot protocol allows these decentralized blockchains to freely exchange data and conduct transactions across the Polkadot Relay Chain without fear of fraud. According to CoinMarketCap, the Polkadot price today is $18.59 USD with a 24-hour trading volume of $710,207,904 USD. Polkadot has been down 1.90% in the last 24 hours.
Chainlink (LINK)
Data producers, node operators, smart contract developers, security auditors, and more are part of the Chainlink Network’s open-source community. The company’s primary goal is to ensure decentralized involvement for all network node operators and consumers.
Thanks to Chainlink, one of the first blockchains, off-chain data may now be included in smart contracts. Moreover, due to its numerous reliable partners, Chainlink is a key participant in the data processing industry. According to CoinMarketCap, the Chainlink price today is $14.48 USD with a 24-hour trading volume of $590,886,370 USD. Chainlink has been up 1.12% in the last 24 hours.
Kusama (KSM)
In order to create a scalable and interoperable framework for developers, Kusama is an experimental blockchain platform. Substrate, a blockchain development kit designed by Parity Technologies, serves as the foundation for Kusama. One of the most successful interoperable blockchains is Polkadot, and Kusama has roughly the same codebase.
Many fast-moving applications benefit from Kusama’s interoperability and high-scalability by using a sharded network that does not currently have these capabilities on Polkadot. According to CoinMarketCap, the Kusama price today is $137.77 USD with a 24-hour trading volume of $80,380,026 USD. Kusama has been up 6.82% in the last 24 hours.