Polka Dot – Long Form Research Report

Polkadot is a sharded blockchain, meaning it connects several chains together in a unified network, allowing them to run processes parallelly and exchange data with strong security guarantees between chains. By parallelizing the workload, Polkadot solves major throughput issues that have thus far hampered decentralized application development. Polkadot’s design offers several distinct advantages over existing legacy networks, including heterogeneous sharding, scalability, upgradeability, transparent governance and cross-chain composability. Applications from decentralized finance, energy to Internet of Things (IoT) and gaming will thrive on Polkadot. 

Polkadot’s mission is to allow for the development of a decentralized web, where users are in complete control as they take over their data and secure their applications against any central authority. 

Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.

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