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Polkadot is a network protocol that allows arbitrary data —not just tokens— to be transferred across blockchains.
This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services.
Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains.
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Polkadot’s mass interoperability through a set of common validators helps to secure its multiple blockchains and allows them to scale their transactions by spreading their data across many parachains.
The network uses the NPoS (nominated proof-of-stake) mechanism to select ...
Polkadot currently has an allocation of 1 billion DOT tokens, following the network’s redenomination from an initial maximum supply of 10 million in August 2020.
The redenomination was undertaken purely to ...
Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability.
Custom blockchains are quick and easy to develop through t...
Polkadot was founded by the Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional & user-friendly decentralized web as an open-source project.
Its founders are Dr. Gavin Wood, Robert Habermeie...
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Web3 enhances the internet as we know it today with a few other added characteristics. Web3 is:
In Web3, developers don't build and deploy applicatio...
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