Polkadot
- Live from: 2020
About
Native Token
Blockchain Scores
Overview
Polkadot is a Proof of Stake blockchain protocol with a scalable heterogeneous multi-chain technology that has been built to connect a series of specialised blockchains in one network. It is heterogeneous because it is totally flexible and makes no assumption about the nature or structure of the chains in the network.
Pros
- It is designed to operate two types of blockchains – a main network, called a relay chain where transactions are permanent and user created networks, called Parachains, which can be customised for many different uses.
- Its pooled security and trust-free interchain transactability gives an advantage over competitors.
- Polkadot’s parachains can use bridges to connect with other blockchains.
- Polkadot allows developers to launch chains and applications leveraging a shared security model, without having to worry about attracting enough miners or validators to secure their own chains.
- Standard validators across the network provide vast scalability compared to other blockchains.
Cons
- Hackers have exploited code vulnerabilities.
- Currently only a limited number of parachains are available and slots are sold via auction, pricing out smaller users.
Coins in the Polkadot Ecosystem
Polkadot Team
All Polkadot Projects
Polkadot Whitepaper
- Transactions Per Second (TPS)
- Transaction Speeds (Seconds)
- Cost Efficiency ($USD)
- Energy Consumption (low/high)
1,000 (1,000,000 with sharding)
12
$0.000·001
low
Performance: 85/100
Ecosystem Map
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