What is Polkadot?
Polkadot is one of the popular sectors in the cryptocurrency field, according to
Polkadot is one of the popular sectors in the cryptocurrency field, according to the official website announcement. The underlying technology of Polkadot, Substrate, allows developers to build and deploy various types of applications (such as DeFi, NFTs, etc.) on Ethereum and provide services for blockchain on top of it.
Polkadot is a blockchain network that is compatible with the Bitcoin network and has scalability and decentralization features. It is a blockchain protocol that enables multi-chain operation. Polkadot aims to be a solution for blockchain interoperability. As an open-source project, Polkadot helps drive the development of the internet through its token economics. In addition, Polkadot also supports the cross-chain messaging mechanism, IBC, which is a universal technology that connects smart contracts to the Polkadot ecosystem. (Cryptonews)
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