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What is Polkadot?
Polkadot is a blockchain protocol that is designed to support multiple chains within a single unified network. Polkadot aims to overcome the current problem of blockchains existing in isolation and not communicating amongst one another by enabling cross-blockchain transfers. As such, Polkadot presents a number of fundamental advantages for blockchains.
Under a single unified network, transactions can be processed efficiently and in parallel through a mechanism called “sharding” or parachains, eliminating the bottlenecks plagued by legacy networks. Further, Polkdot’s interoperable design means that different parachains can seamlessly share information and functionality. Simply put, Polkadot has the potential to bring all types of blockchains under the same roof in the interest of efficiency and security.