- Official Website: polkadot.network
- Definition: Polkadot is a multi-chain network that enables interoperability between blockchains.
- Category: Blockchain, Layer 0 chain, Cryptocurrency.
- What It Is: A platform that connects different blockchains, allowing them to share data and functionality.
- Function: Enables cross-chain communication and decentralized governance.
- Analogy: Think of Polkadot as a universal adapter. It lets different blockchains work together seamlessly.
- Pros: Interoperability, strong team, growing ecosystem.
- Cons: Complexity, competition from other interoperability projects.
- Controversies: Centralization concerns, slow adoption.
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This page was last updated on January 28, 2025.
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