Polkadot enables communication between any type of data and any blockchain. It allows to realize many use cases.
Polkadot combines the best features of one or more blockchains, paving the way for the development of new decentralized markets and providing fair access to services through some applications.
Blockchains have shown great promise in areas as diverse as the Internet of Things (IoT), finance, governance, identity management, decentralized web and digital asset tracking, while largely overcoming the design limitations that prevented mass adoption in previous systems.
Polkadot’s architecture offers differences to existing blockchain networks: heterogeneous sharding, scalability, evolvability, transparent governance and cross-chain bitability.
Polkadot is a fragmented blockchain. That is, it connects several chains in a single network. It allows transactions to run in parallel and data to be exchanged between chains with security guarantees.
With Polkadot’s unique heterogeneous sharding model, each chain in the network is optimized for a specific use case rather than a one-size-fits-all model.
Polkadot stands out with its opportunities…
With more chains and specializations, more innovation is possible.
A single blockchain may not be enough to sustain the future of decentralized distributed applications. Existing and early blockchains lack the expertise for limited capacity.
Polkadot combines more purpose-built chains into a single sharded network, allowing multiple transactions to be processed in parallel. This eliminates bottlenecks caused by processing transactions individually in previous networks.
Polkadot is looking to the future with an even more scalable purpose thanks to a feature known as nested relay chains. Nested relay chains aim to increase the number of pieces added to the network.
Polkadot is thus revolutionizing the way blockchains update themselves without forking the chain. These forkless updates are implemented through Polkadot’s more transparent and on-chain management system.
With this feature, Polkadot ensures that projects remain dynamic, integrated and evolving at the speed of technology. It also aims to reduce the risks associated with forking, a serious risk for many organizations.
Existing blockchains have no governance rules. Individual partners are powerless to propose and veto protocol changes unless they know the right people. But Polkadot offers a solution. Everyone with their own currency DOTs is governed fairly and transparently. All DOT holders can propose changes to the protocol or vote on existing proposals. They can also help elect council members who represent passive partners in the governance system.