This is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). It was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Once your account is set up, you can then search for Polkadot and place a buy order at the current market price or at a specific price you set. To purchase MAGIC, you will first need to create an account on one of these exchanges and link it to a payment method, such as a bank account or credit card. Polkadot (DOT) can be purchased on a variety of cryptocurrency exchanges, including Binance, BitForex, and Gate.io.
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