Polkadot
About Polkadot
Founded by Gavin Wood, a co-founder of Ethereum. Polkadot enables different blockchains to interoperate through a relay chain and parachains. DOT tokens are used for governance, staking, and bonding parachains. The Web3 Foundation oversees development. Polkadot aims to create a decentralized web where users control their data. Parachain auctions raised millions of dollars for winning projects. The interoperability vision positions Polkadot as a potential solution to blockchain fragmentation.
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