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#014 Dan Reecer: What Is Polkadot And Why It’s The Future of Web3
Smart Friends
Building on Etheoriums Block Chain
The acala dollar is not backed by real dollars. It's backedand clateralized by crypto assets like bit cointherium dot and others. A stable coin is built into our block chain itself, so anyone building applications on a colla can comenatively out of the box, leverage that. We've also built a decent ecentralized exchange into the chain. And last thing we mentioned earlier, we were talking about staking. So you can stake your dot and get this l dot, which is a liquid dot um that's liquid.
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