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What is Polkadot?
Polkadot is a security & interoperability platform for blockchains and applications. Polkadot was founded by Gavin Wood and launched in 2020.How does Polkadot work?
Network participants process transactions and receive fees from users (supply-side fees).Who governs Polkadot?
DOT holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Polkadot’s investors include Polychain, IOSG Ventures, Hashkey, etc.Related posts
Polkadot – Building an unstoppable blockchain ecosystem | Fundamentals ep.55
In this episode of the Fundamentals podcast, we’re joined by Shawn Tabrizi, Lead Developer at Polkadot. Polkadot is the first fully-sharded blockchain, i.e. it is a multi-chain environment. Polkadot enables scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment.The values in this graphic are examples and do not reflect actual values. Treat them as approximations.