Don’t fret. We’ve compiled a FAQ for you below—dive in and explore.
Polkadot is a decentralized and open blockchain platform that connects diverse blockchains with each other. Polkadot can be thought of as a set of independent chains like Ethereum, Bitcoin, Ethereum Classic, etc. Along with this, it has other crucial additions such as pooled security and trust-free interchain transactability.
The Polkadot network is scalable by design and there is no upper limit to the number of chains that it can accommodate. What this also means is that Polkadot can handle a seemingly infinite number of transactions.
The company behind Polkadot is the Web3 Foundation. The three co-founders are Dr. Gavin Wood, Robert Habermeier, and Peter Czaban. Dr. Wood was the co-founder of Ethereum and created the Solidity language. Habermeier is a Thiel Fellow and a long-term member of the Rust community. Czaban is the Technology Director of the Web3 Foundation.
Polkadot can connect any previously existing blockchain as long as it matches any two criteria:
Polkadot is governed by DOT token holders. Token holders can perform one of the following roles: