Polkadot is a blockchain enabling the connection of various other blockchains. The project sets up a kind of internet of blockchains in which autonomous networks can swap information. Currently, blockchains run in parallel with inadequate interactions.
Originated by the Switzerland-based Web3 Foundation, the Polkadot project focuses on the blockchain’s scalability, interoperability, and security. Its preeminent developer, Gavin Wood, was committed to the creation of Ethereum.
Why Should You Invest in the 2021 Polkadot Encouraging Crypto Currency?
Since the beginning of the year, Polkadot has seen a sharp increase in its price. Which results, the fastest-growing cryptocurrency. As a result, Polkadot is now in the best ten cryptocurrencies in terms of market capitalization.
Advantages of Polkadot
Can correlate to several blockchains: Bitcoin, Ethereum, etc. Investor confidence ($ 200 million in fundraising) Innovative project
Disadvantages of Polkadot
Massive competitions: Tezos, Cosmos, Cardano, Ethereum, etc. Computer hacking target