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2024-08-21 15:37:10 +02:00

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The Polkadot Playbook

The minimum set of information you need to be able to explain Polkadot to others.

What is Polkadot?

  • Polkadot is a scaling solution for Web31 applications and services.
  • Polkadot scales through data and execution sharding, allowing for parallelized throughput.2
  • Polkadot provides shared security and interoperability to services build on it.3
  • Polkadot creates abundant, flexible, and high quality blockspace.4
  • Polkadot uses a novel "cynical" rollup to provide fast finality while using minimal resources.5

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.6
  • Build applications which dynamically scale up and down execution cores.
  • Build applications which execute at sub-second speeds.7
  • Build applications that can permissionlessly upgrade and evolve over time.8

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.9
  • Executing and scaling on standard "gaming" hardware.10
  • Polkadot SDK is the most robust and flexible blockchain framework.11
  • Secure cross-chain interoperability through trustless bridging protocols.12

Where is Polkadot leading?

  • 50+ active roll-ups live on Polkadot.13
  • Among the highest Nakamoto coefficients in the blockchain ecosystem.14
  • 2nd largest developer community after Ethereum.15
  • Blazing fast execution speeds compared to other blockchain VMs.16
  • One of the largest functioning DAOs, managing the functionality of the network and tens of millions of dollars in assets for development.17

  1. Learn more about Web3:

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  2. Explanation of sharding on Polkadot:

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  3. A high level overview of shared security:

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  4. A blog post explaining the term "blockspace":

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  6. For example:

    • Build applications where end-users pay no transaction fees.
    • Build applications more resilient to MEV.
    • Build applications which can prioritize tasks and processes.
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  7. A demo of a Polkadot SDK blockchain producing blocks every .5 seconds:

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  8. Learn about forkless runtime upgrades in Polkadot:

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  9. Learn more about cynical rollups:

    • Compare that to optimistic rollups which may take up to a week to finalize!
    • Cynical rollups actively check that a block is valid, rather than waiting for someone to report it is invalid.
      • See ELVES paper footnote above.
    • Compared to "instant finality" consensus, block production is separated from finality, reducing network stalls:
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    • The Nakamoto Coefficient is one measure of decentralization and resilience.
    • A third party service comparing the Nakamoto Coefficient:
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