What is Polkadot (DOT)?

Binance Academy · 2023-03-10T01:43:49.000Z

TL;DR - SUMMARY Polkadot is positioned as a next-generation blockchain protocol, capable of connecting multiple specialized chains into a universal network. With a focus on building infrastructure for Web 3.0 – and founded by the Web3 Foundation – Polkadot aims to disrupt Internet monopolies and empower individual users. Introduction The blockchain has existed since the conception of Bitcoin. Although it has been called a revolutionary technology, there are also certain drawbacks to consider. Individual blockchains cannot communicate with each other. The introduction of interoperability between different chains could lead to the exchange of data and, eventually, to more powerful services and applications.