Polkadot is a blockchain platform that facilitates the interoperability of multiple blockchains. Founded by Gavin Wood, one of the co-founders of Ethereum, Polkadot aims to solve the issue of blockchain fragmentation by enabling different blockchains to communicate and share information with each other.
Polkadot is built using a unique protocol called Substrate, which serves as a framework to create customized blockchains that can interact with other chains within the Polkadot ecosystem. It employs a sophisticated governance system, where token holders can participate in decision-making processes, such as amending protocol rules or upgrading the network.
With its interoperability features, Polkadot aims to unlock new possibilities for developers, allowing them to build powerful decentralized applications (dApps) and create innovative solutions that were previously limited by isolated blockchains. The platform strives to enhance scalability, security, and sustainability in the blockchain space.
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