Difference between revisions of "Polkadot"
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Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. | Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. | ||
This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible. | :This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible. | ||
Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains. | :Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains. | ||
This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain. | :This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain. | ||
Latest revision as of 05:16, 23 September 2022
Polkadot.network is a inter-chain solution to existing blockchain infrastructure. Polkadot unites and secures a growing ecosystem of specialized blockchains called parachains. Apps and services on Polkadot can securely communicate across chains, forming the basis for a truly interoperable decentralized web.
Summary
Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains.
- This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible.
- Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains.
- This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain.