Polkadot Price CAD (DOT / CAD)

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What Is Polkadot?

Polkadot (DOT) is the next generation of blockchain technology. It is what many people are calling an “internet of blockchains.” You can think of Polkadot as a mesh network that allows for different types of blockchains to communicate with each other, including public and private chains.

The idea behind what makes Polkadot novel and useful comes from what it was created to solve – scalability. The reality is that right now there’s no way for any one blockchain to be able to handle all the transactions on Earth without slowing down or crashing.

Polkadot was created by Gavin Wood and Dr. Peter Czaban in early 2017. There have been a few other projects that have tried to solve blockchain scalability issues, but Polkadot is unique because it doesn’t rely on a single blockchain. Instead, it uses what’s called a relay chain to allow different types of blockchains to communicate with each other. This makes Polkadot more versatile and able to scale up much more quickly than other projects.