Polkadot (DOT) Explained in 60 Seconds
Polkadot is a relatively new cryptocurrency and blockchain protocol that seeks to connect all blockchains together. If you imagine all the different blockchains as separate, isolated dots, Polkadot acts as a bridge that connects all of them together. For the coders out there, it acts like how HTML allows servers, browsers, and sites to interact.
It’s a platform for the development of truly decentralized applications (Dapps) and the underlying technology for the Web3 infrastructure.
Polkadot has been designed with two main goals in mind: first, to enable cross-chain transactions without having to trust any third party; and second, to provide a framework for scalability and interoperability in order to support large-scale applications on the Web 3 infrastructure.
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