Polkadot is an open-source multi-chain sharding protocol aimed at creating an internet of blockchains by facilitating the transfer of data and assets between multiple blockchains. Interoperability is therefore the key word of this ecosystem. This term directs the project with the aim of establishing a global network, fully decentralized, private and under the governance of its users. Polkadot also aims to facilitate the creation and deployment of new applications, institutions or services.
Last Page Update
October 2, 2021
Founder(s)
Gawin Wood
Mainnet Launch
August 2020
Consensus
Nominated Proof of Stake (NPoS)
Architecture
Multi-chain (Parachains)
Security
Shared
Validators
~300
Type
Sharding
VM/Dev
WebAssembly, Substrate
TPS
3000
Economics
Specific
Avg Tx Fee
~$0.4
Rating:
- Performance
Transaction speed and network scalability
3/5
- Security
Operating mechanism and validators
4/5
- Economics
Functioning of the economy and distribution
4/5
- Ecosystem
Scope of the ecosystem and partners
4/5
- Team & Community
Team experience and community strength
5/5
- Fees
Cost of transaction fees (the higher the score is, the lower the fees are)
3/5
Blockchain Categories:
0
Tags
Platform
Smart Contracts
Substrate
Can be Staked ?
Yes
~
0
%
Annual Interest
Community rating:
0 out of 5 stars (based on 0 reviews)
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