Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain competition are possible. This implies that not only tokens, but data can as well be transferred across public, open, permissionless blockchains as well as private, permissioned blockchains. With that, its %100 possible to build application that gets permissioned data from a private blockchain and use it on a public blockchain.
POLKADOT BRINGS THE FOLLOWING SOLUTIONS TO BLOCKCHAIN TECHNOLOGY:
DOTS:
The DOT tokens powers the polkadot network. DOT token serves four (4) distinct purposes:
i. governance over the network
ii. operation
iii. bonding
iv. interoperability
PROJECTS ON POLKADOT ECOSYSTEM :
Many top projects have started building on polkadot and getting ready to be connected to the relay chain. Some of these projects are as follows:
• ChainX: developing on oracle
• Aragon: Focused on DAOs
• ChainX: A bitcoin/ethereum bridge (mainnet launched already and BTC and SDOTs have been mapped and are mining the PCX tokens, these tokens are then staked.
• Ocean Protocol: Unlocking data for AI
• Edgeware: The smart contracts are written in Rust and executed in WASM
THE TEAM BEHIND POLKADOT:
The web3 foundation is partnering with best in-class entities to build polkadot and foster development of the services and applications that will run on it. Parity technologies and polychain capital are also working tirelessly for the success of polkadot.
FOUNDERS:
• Robert Habermeier- He is a Theil fellow and co-founder of polkadot. He has a research and development background in blockchains, distributed systems and cryptography
• Peter Czaban- Peter is the technology director of the web3 foundation, where he works on supporting the development of the next generation of distributed technologies.
• Dr. Gavin Wood- At parity, Gavin currently leads innovation on substrate and polkadot. He is the president of web3 foundation and the co-founder of Ethereum. You can check his twitter handle here:
More Read:
website: https://www.polkadot.network
Blog: https://polkadot.network/blog/
Twitter:
Reference:
https://www.polkadot.network/#page-intro
https://www.medium.com/@hector_89360
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