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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:

Transaction speed and network scalability

3/5

Operating mechanism and validators

4/5

Functioning of the economy and distribution

4/5

Scope of the ecosystem and partners

4/5

Team experience and community strength

5/5

Cost of transaction fees (the higher the score is, the lower the fees are)

3/5

Cryptocurrency:

Blockchain Categories:

0
Tags
Platform
Smart Contracts
Substrate
Can be Staked ?
Yes
~ 0 %
Annual Interest

Community rating:

0
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0 out of 5 stars (based on 0 reviews)
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