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@@ -13,46 +13,104 @@ The minimum set of information you need to be able to explain Polkadot to others
## What unique things can you do on Polkadot?
- Build applications which execute automatically (without initial user input).
- Build applications with full control over block construction and transaction execution.
- Build applications with full control over block construction and transaction execution.[^20]
- Build applications which dynamically scale up and down execution cores.
- Build applications which execute at sub-second speeds.[^21]
- Build applications where end-users pay no transaction fees.
- Build applications that can permissionlessly upgrade and evolve over time.[^22]
## Why choose Polkadot?
- Billions of dollars of economic security provided to itself and applications running on it.
- Fast finalization times, on average under 30 seconds.
- Compare that to optimistic rollups which may take up to a week!
- Block production is separated from finality, reducing network stalls.[^31]
- Fast finalization times, on average under 30 seconds.[^31]
- Executing and scaling on standard "gaming" hardware.[^32]
- Compared to expensive and centralized machines needed for vertical scaling or ZK provers.
- 50+ active roll-ups building [^33]
- Many projects outside of Polkadot also use the Polkadot SDK.[^34]
- Secure cross-chain interoperability with a native bridging protocol.
- Trustless bridges to other blockchain ecosystems.[^35]
- Polkadot SDK is the most robust and flexible blockchain framework.[^34]
- Secure cross-chain interoperability through trustless bridging protocols.[^35]
## Where is Polkadot leading?
- 50+ active roll-ups live on Polkadot.[^40]
- Among the highest Nakamoto coefficients in the blockchain ecosystem.[^41]
- 2nd largest developer community after Ethereum.[^42]
- Blazing fast execution speeds compared to other blockchain VMs.[^43]
- One of the largest functioning DAOs, managing tens of millions of dollars in assets.[^44]
- One of the largest functioning DAOs, managing the functionality of the network and tens of millions of dollars in assets for development.[^44]
[^1]: https://gavwood.com/dappsweb3.html, https://gavofyork.medium.com/why-we-need-web-3-0-5da4f2bf95ab
[^2]: https://polkadot.com/blog/polkadot-v1-0-sharding-and-economic-security
[^3]: https://www.youtube.com/watch?v=uKQOSPfM-W0
[^4]: https://www.rob.tech/blog/polkadot-blockspace-over-blockchains/
[^5]: https://x.com/rphmeier/status/1807884271157187007
[^1]:
- The first time the term "Web3" was used:
- https://gavwood.com/dappsweb3.html
- A blog post describing the importance of Web3:
- https://gavofyork.medium.com/why-we-need-web-3-0-5da4f2bf95ab
[^21]: https://twitter.com/bkchr/status/1818027282688352591
[^2]:
- Explanation of sharding on Polkadot:
- https://polkadot.com/blog/polkadot-v1-0-sharding-and-economic-security
[^3]:
- A high level overview of shared security:
- https://www.youtube.com/watch?v=uKQOSPfM-W0
[^4]:
- A blog post explaining the term "blockspace":
- https://www.rob.tech/blog/polkadot-blockspace-over-blockchains/
[^5]:
- The ELVES paper, formally describing Polkadot's cynical rollup:
- https://eprint.iacr.org/2024/961
- A tweet summary of the ELVES paper:
- https://x.com/rphmeier/status/1807884271157187007
[^31]: https://polkadot.com/blog/polkadot-consensus-part-1-introduction
[^32]: https://wiki.polkadot.network/docs/maintain-guides-how-to-validate-polkadot#requirements
[^33]: https://polkadot.subscan.io/parachain
[^34]: https://www.availproject.org/, https://midnight.network/, https://entropy.xyz/
[^35]: https://polkadot.com/blog/the-landscape-of-trustless-bridges-on-polkadot
[^20]:
- Build applications where end-users pay no transaction fees.
- Build applications more resilient to MEV.
- Build applications which can prioritize tasks and processes.
[^41]: https://nakaflow.io/
[^42]: https://twitter.com/Polkadot/status/1577016988697706496, https://github.com/electric-capital/crypto-ecosystems
[^43]: https://github.com/koute/polkavm/blob/master/BENCHMARKS.md
[^44]: https://polkadot.subscan.io/account/13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB, https://polkadot.com/platform/dao
[^21]:
- A demo of a Polkadot SDK blockchain producing blocks every .5 seconds:
- https://twitter.com/bkchr/status/1818027282688352591
[^22]
- Learn about forkless runtime upgrades in Polkadot:
- https://wiki.polkadot.network/docs/learn-runtime-upgrades
[^31]:
- Compare that to optimistic rollups which may take up to a week!
- Block production is separated from finality, reducing network stalls:
- https://polkadot.com/blog/polkadot-consensus-part-1-introduction
[^32]:
- Hardware requirements for running a Polkadot Validator:
- https://wiki.polkadot.network/docs/maintain-guides-how-to-validate-polkadot#requirements
- Compared to expensive and centralized machines needed for vertical scaling or ZK provers.
[^34]:
- Polkadot and Kusama are built with the Polkadot SDK.
- All 50+ live parachains, and many more in development, all use Polkadot SDK.
- Many projects outside of Polkadot also use the Polkadot SDK.
- https://www.availproject.org/
- https://midnight.network/
- https://entropy.xyz/
- and more...
[^35]:
- Native bridging protocol for applications secured by Polkadot:
- https://wiki.polkadot.network/docs/learn-xcm-transport
- An overview of external bridges on Polkadot:
- https://polkadot.com/blog/the-landscape-of-trustless-bridges-on-polkadot
[^40]:
- A list of active parachains on Polkadot:
- https://polkadot.subscan.io/parachain
[^41]:
- The Nakamoto Coefficient is one measure of decentralization and resilience.
- A third party service comparing the Nakamoto Coefficient:
- https://nakaflow.io/
[^42]:
- Graph of blockchain developer ecosystems:
- https://twitter.com/Polkadot/status/1577016988697706496
- The raw data is being generated using this open source repo:
- https://github.com/electric-capital/crypto-ecosystems
[^43]:
- PVM and other VM benchmarks:
- https://github.com/koute/polkavm/blob/master/BENCHMARKS.md
[^44]:
- Polkadot Treasury Account:
- https://polkadot.subscan.io/account/13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB
- Information about the Polkadot DAO:
- https://polkadot.com/platform/dao