Polkadot - A Scalable Heterogeneous Multi-Chain Technology
Asset Platform ID: N/A
Categories: Smart Contract Platform, Polkadot Ecosystem, Layer 1 (L1)
Market Cap Rank: 12
30-day Price Change: 12%
- Crypto.com Exchange
- WOO X
- Coinbase Exchange
- CoinTR Pro
- AscendEX (BitMax)
- Binance US
- Bittrex Global
- BtcTurk | Kripto
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.
Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.
Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.
Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies' Substrate).
What is Polkadot?
Polkadot is a scalable heterogeneous multi-chain technology that allows diverse blockchains to transfer messages, including value, in a trust-free fashion. It enables different chains to share their unique features while pooling their security.
How does Polkadot achieve scalability?
Polkadot achieves scalability by utilizing a heterogeneous multi-chain architecture, where each chain operates independently but can also interact and transfer messages with other chains in the network.
What are parachains?
Parachains are independent chains that connect to the Polkadot network. They can be blockchain systems or other data structures that fulfill certain criteria. Parachains can benefit from the pooled security and trust-free interchain transactability offered by Polkadot.
What is the Polkadot Runtime Environment (PRE)?
The Polkadot Runtime Environment (PRE) is a software development kit (SDK) provided by Parity Technologies' Substrate. It allows developers to build native parachains for the Polkadot network.