Polkadot is a blockchain platform that allows developers to create their own blockchains on top of its existing infrastructure. The multi-layered Polkadot network consists of two different types of blockchains, the relay chain and parachains.
While the relay chain is permanent and provides a base for the parachains, the parachains are user-created and benefit from the relay chain's security.
Launched in 2020, Polkadot was founded in 2016 by Ethereum co-founder, Gavin Wood, alongside Peter Czaban and Robert Habermeier. The platform provides the foundation for a decentralized web and an easier creation of applications.
Polkadot is one of the most well-funded blockchain projects in history.
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