What is the purpose of Polkadot?
The purpose of Polkadot is to enable a completely decentralized web, where applications and services can be built without relying on any single entity.
It is a blockchain protocol that enables interoperability between different blockchains, allowing them to securely share data and value with each other. Polkadot's main goal is to create an ecosystem of blockchains that are connected and interoperable with each other. This will allow developers to build applications that span multiple blockchains, enabling users to access services from different networks without having to trust any single entity.
This will also enable developers to create new applications and services that are not limited by the boundaries of existing networks. In addition, Polkadot will also provide scalability solutions for existing blockchains, allowing them to process more transactions per second and increase their throughput. This will make it easier for developers to build applications on top of existing networks without having to worry about scalability issues.
Finally, Polkadot will also provide privacy solutions for users, allowing them to transact securely without revealing their identity or personal information.
