Circulating Supply : 640,000,000 DOT
Issued date: 2016
Polkadot facilitates cross-chain communication and interoperability by connecting multiple blockchains into one unified network.Polkadot's infrastructure includes the Relay Chain, the Parachains, and the Bridges.
The Bridges are special blockchains that allow Parachains to connect to and communicate with external networks like Ethereum and Bitcoin.Polkadot is a sharded bridge-like protocol, which focuses on maintaining communication, value transfer, and pooling the security of blockchains. It allows blockchains to operate with each other in a parallel manner by unifying them into one network. The unification compounds the strengths of different blockchains and mitigates their weaknesses.
According to the team, Polkadot is a project by developers for developers. It is aimed at connecting public and private chains, oracles, DApps, and services to seamlessly work side by side. And thus, it facilitates the connection of different independent blockchains together into a single Web3 Internet.
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