Polkadot
Category: Public Blockchain Protocol
Region: Switzerland
Website: polkadot.network
About Polkadot
Polkadot is a next-generation blockchain platform founded by Dr. Gavin Wood (co-founder of Ethereum) and launched in 2020 by the Web3 Foundation. Designed to enable a truly interoperable and scalable network of blockchains, Polkadot’s main goal is to allow multiple, specialized blockchains to transfer messages and value in a secure, trust-free way.
At its core, Polkadot uses:
A Relay Chain – the central chain that coordinates security, consensus, and cross-chain interoperability.
Parachains – independent blockchains that run in parallel, each optimized for specific use cases.
Bridges – connections to external networks like Ethereum or Bitcoin.
Polkadot’s native token, DOT, is used for staking, governance, and bonding new parachains. Its design aims to overcome the limitations of older blockchains by making it easier to upgrade, scale, and communicate across diverse blockchain ecosystems.
In summary, Polkadot is an innovative platform pushing the vision of a connected, decentralized internet (Web3) by enabling blockchains to work together seamlessly.
If you'd like, I can also explain how it compares to Ethereum or what projects are built on it!
Review Summary
Total Reviews: 5
Average Rating: 3.6/5
Top Review by Frankygik
(5/5)
Switching from Solidity to Substrate was like upgrading from a bicycle to a spaceship. We built a custom blockchain with privacy features in 6 weeks using FRAME pallets. The developer community is insanely supportive
