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POLKADOT

Polkadot is a layer 0 blockchain created by Dr. Gavin Wood, co-founder of Ethereum, and the creator of Solidity , the smart contracts language used in EVM.

It is designed with some key features that makes Polkadot a very special blockchain, ready to scale and communicate with other blockchains.

POLKADOT KEY FEATURES

  • Scalability
  • Polkadot provides unprecedented economic scalability by enabling a common set of validators to secure multiple blockchains. Polkadot provides transactional scalability by spreading transactions across multiple parallel blockchains.

  • Interoperability
  • Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network.

  • Shared security
  • Polkadot's novel data availability and validity scheme allows chains to interact with each other in a meaningful way. Chains remain independent in their governance, but united in their security.

  • On-chain governance
  • Polkadot's novel data availability and validity scheme allows chains to interact with each other in a meaningful way. Chains remain independent in their governance, but united in their security.

  • Forkless upgrades
  • Polkadot can upgrade without hard forks to integrate new features or fix bugs. This capability enables Polkadot to easily adapt to changes and upgrade itself as better technologies become available.

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