3 Fun Facts about Polkadot
The future of blockchain is permissionless connections. Almost all legacy chains exist as silos, generating tons of data that can't be fed into other systems natively without bridges.
Polkadot aims to solve that. The project is the brainchild of one of the first Ethereum developers, Gavin Wood, who doubled up as the network's CTO.
To connect all chains, Polkadot is a heterogeneous multichain. It means the platform is a base layer for building other chains.
This connection is made possible by the relay chain—the hub-- and parachains linking all other chains.
Because of the interoperability and parachains, Polkadot operates as a sharded multichain network that can scale, allowing different parachains to process transactions in parallel.
This, in one stroke of genius, resolves the scaling troubles faced by legacy networks which can only process transactions in sequence.
Polkadot's ability to process transactions in parallel significantly resolves scaling challenges, magnifying Polkadot's potential.