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 the 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.
Read the full report below:
Please wait while flipbook is loading. For more related info, FAQs and issues please refer to DearFlip WordPress Flipbook Plugin Help documentation.