5 Key Benefits of Building on Polkadot

It starts with interoperability but doesn’t end there

Gilbert Bassey
Coinmonks
Published in
10 min readApr 12, 2021

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Cool illustration of the Polkadot ecosystem — photo by Polkadot

The decentralization revolution is brewing and it’s only a matter of time before it takes over. As a developer or social entrepreneur, you may have looked at this revolution and thought to join in.

But then as soon as you accepted this thought, you were bamboozled by the many decisions that lay in front of you. Do you build a blockchain or a decentralized application? Which ecosystem should you build on? Should you create another standalone blockchain and deal with the struggle of creating a whole new ecosystem from scratch? Where would you get funding? How would you get users? What of the validators needed to mine blocks?

On and on you think, trying to make the best decision so you don’t regret it later. You don’t want to be limited in your vision, scope, or execution. You want to be able to build fast and easily. And most importantly, you want access to quick funding and seamless deployment. All in all, you want the perfect solution for building your blockchain or smart contract. But then, is there such a thing as the best platform/ecosystem?

Although there may never be the perfect thing for anything (because life is inherently wrought with inconsistencies that always upgrade over each other), there is such a…

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Gilbert Bassey
Coinmonks

I’m a storyteller who loves to teach other people how to tell stories and how to gain peace of mind