Entities

Polkadot

Location
Founding Date
2020

Polkadot is a pioneering force in the blockchain space. The blockspace ecosystem for boundless innovation, Polkadot enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and the industry's most flexible token options. It comprises a heterogeneous multi-chain framework that is considered to be one of the most innovative projects in the cryptocurrency space. Polkadot is founded by some of the blockchain industry’s foremost builders and has garnered attention from a community of participants, developers and users. Polkadot is the flagship project by Web3 Foundation, a non-profit organization dedicated to funding research and development for dApps.

ABOUT POLKADOT

  • Polkadot is a next-generation blockchain network that provides blockchain for all kinds of Web3 projects.

  • The platform is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. 

  • Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions.


ABOUT WEB3 FOUNDATION

  • Web3 Foundation incubates cutting-edge applications for decentralized web software protocols.

  • The foundation is committed to fostering an open dialogue between the blockchain community and regulatory bodies.

  • The foundation supports open-source projects through funding, advocacy, research and collaborations. 


THE POLKADOT EDGE

  • True Interoperability. 

Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens.

  • Economic & Transactional Scalability. 

Polkadot provides unprecedented economic scalability by enabling a common set of validators to secure multiple blockchains.

Connect your chain to Polkadot and get interoperability and security from day one. This ease of development helps Polkadot’s network grow.

The platform consumes a small fraction of the energy used by conventional blockchains thanks to its next-generation nominated proof-of-stake (NPoS) model.

The platform's novel data availability and validity scheme allows chains to interact with each other in a meaningful way. 

  • User-Driven Governance. 

Polkadot has a sophisticated governance system where all stakeholders have a voice. Network upgrades are coordinated on-chain and enacted autonomously and without forking the network.