A parachain is an independent blockchain that runs in parallel within the Polkadot network and shares security with the relay chain. Each parachain can be customized for a specific use case.

Polkadot (DOT)

Multi-chain network connecting specialized blockchains.

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Category: Interoperability · Layer 0
Launched: 2020
Founders: Gavin Wood
Consensus: Nominated Proof of Stake

About Polkadot

Polkadot is a multi-chain protocol that lets independent blockchains (called parachains) connect and exchange messages while sharing security from a central relay chain.

DOT is used for staking, governance, and bonding parachain slots.

What is DOT used for?

Cross-chain messaging
Parachain slot auctions
Staking and governance

Polkadot FAQ

What is a parachain?: A parachain is an independent blockchain that runs in parallel within the Polkadot network and shares security with the relay chain. Each parachain can be customized for a specific use case.

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