- Launched: 2020
- Creator: Gavin Wood (co-founder of Ethereum)
- Purpose: Polkadot aims to enable different blockchains to interoperate with each other, allowing for the transfer of any type of data or asset across blockchains.
- Features:
- Multi-chain Framework: Polkadot connects various blockchains, enabling them to work together.
- Nominated Proof of Stake (NPoS): A PoS-based consensus mechanism that allows validators to secure the network.
- Use Cases: Interoperability between blockchains, decentralized apps, and multi-chain environments.
- Status: Polkadot is recognized as a strong platform for blockchain interoperability.
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