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Shawn Tabrizi
58 lines
3.0 KiB
Markdown
58 lines
3.0 KiB
Markdown
# The Polkadot Playbook
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The minimum set of information you need to be able to explain Polkadot to others.
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## What is Polkadot?
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- Polkadot is a scaling solution for Web3[^1] applications and services.
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- Polkadot scales through data and execution sharding, allowing for parallelized throughput.[^2]
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- Polkadot provides shared security and interoperability to services build on it.[^3]
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- Polkadot creates abundant, flexible, and high quality blockspace.[^4]
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- Polkadot uses a novel "cynical" rollup to provide fast finality while using minimal resources.[^5]
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## What unique things can you do on Polkadot?
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- Build applications which execute automatically (without initial user input).
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- Build applications with full control over block construction and transaction execution.
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- Build applications which dynamically scale up and down execution cores.
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- Build applications which execute at sub-second speeds.[^21]
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- Build applications where end-users pay no transaction fees.
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## Why choose Polkadot?
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- Billions of dollars of economic security provided to itself and applications running on it.
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- Fast finalization times, on average under 30 seconds.
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- Compare that to optimistic rollups which may take up to a week!
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- Block production is separated from finality, reducing network stalls.[^31]
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- Executing and scaling on standard "gaming" hardware.
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- Compared to expensive and centralized machines needed for vertical scaling or ZK provers.
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- 50+ active roll-ups building [^32]
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- Many projects outside of Polkadot also use the Polkadot SDK.[^33]
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- Secure cross-chain interoperability with a native bridging protocol.
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- Trustless bridges to other blockchain ecosystems.[^33]
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## Where is Polkadot leading?
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- Among the highest Nakamoto coefficients in the blockchain ecosystem.[^41]
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- 2nd largest developer community after Ethereum.[^42]
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- Blazing fast execution speeds compared to other blockchain VMs.[^43]
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- One of the largest functioning DAOs, managing tens of millions of dollars in assets.[^44]
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[^1]: https://gavwood.com/dappsweb3.html, https://gavofyork.medium.com/why-we-need-web-3-0-5da4f2bf95ab
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[^2]: https://polkadot.com/blog/polkadot-v1-0-sharding-and-economic-security
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[^3]: https://www.youtube.com/watch?v=uKQOSPfM-W0
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[^4]: https://www.rob.tech/blog/polkadot-blockspace-over-blockchains/
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[^5]: https://x.com/rphmeier/status/1807884271157187007
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[^21]: https://twitter.com/bkchr/status/1818027282688352591
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[^31]: https://polkadot.com/blog/polkadot-consensus-part-1-introduction
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[^32]: https://polkadot.subscan.io/parachain
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[^33]: https://www.availproject.org/, https://midnight.network/, https://entropy.xyz/
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[^34]: https://polkadot.com/blog/the-landscape-of-trustless-bridges-on-polkadot
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[^41]: https://nakaflow.io/
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[^42]: https://twitter.com/Polkadot/status/1577016988697706496, https://github.com/electric-capital/crypto-ecosystems
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[^43]: https://github.com/koute/polkavm/blob/master/BENCHMARKS.md
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[^44]: https://polkadot.subscan.io/account/13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB, https://polkadot.com/platform/dao
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