Press Releases
By Dan Saada
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Twitter Handle Dan Reecer acknowledges that Polkadot (DOT) is complicated as hell for a beginner. Trying to make things decipherable:
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Polkadot is a platform on which blockchain networks are built and connected into one unified network.
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Dr. Gavin Wood, founded after inventing the Ethereum Virtual Machine and the Solidity programming language for Ethereum as the co-founder and CTO.
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Blockchains built for Polkadot use a dev framework called Substrate (substrate_io), the easiest and most advanced blockchain-building framework for coders.
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Ethereum is a one-size-fits-all chain. This doesn't work at scale. Dev teams use Polkadot’s Substrate framework to build custom chains for a specific use/vertical, such as Acala…
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Polkadot’s Substrate framework can also be used to build broad, more general-purpose chains such as Moon Beam Network, Ethereum-compatible smart contracts on Polkadot (for ETH…
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See a repository of the hundreds of Polkadot and Kusama Network Polkadot and Kusama Network projects. Each chain built on Polkadot is a para chain.
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Legacy networks of course will not go away bc Polkadot has launched. Polkadot will be bridged to existing networks like Ethereum and Bitcoin through bridges built by their…
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So, now you understand Polkadot better? What is Kusama Network? Kusama is essentially the exact same code/archtr as Polkadot, but its on-chain governance moves 4x faster (7…
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To serve the needs of both communities/networks, many teams will actually launch on both Polkadot and Kusama Network.
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Now what is a Crowdloan and Parachain slot auction? Polkadot has 100+ parachain "slots" which must be 'leased' for access to Polkadot's security and ability to communicate with…
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The Tokens for these auctions can be gathered in a variety of ways like self-funding, VC, or a community-driven "Crowdloan."
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