Polkadot: Connecting Multiple Blockchains With the Polkadot Network
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Polkadot is a crypto project developed in 2016 to facilitate communication and interoperability between blockchains.
It uses a multichain system with two blockchains: relay chains, and parachains, and offers parallel processing and GRANDPA, a consensus model that validates transactions quickly.
It allows for the developing of new blockchain applications in De-Fi and play-to-earn games.
Polkadot's base token, DOT, is used by validators and nominators to confirm transactions and earn rewards.
Polkadot was developed by Dr. Gavin Wood, Ethereum's co-founder, and has become one of the top innovative projects in the crypto ecosystem.