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117 lines
4.7 KiB
Markdown
117 lines
4.7 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.[^20]
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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 that can permissionlessly upgrade and evolve over time.[^22]
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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.[^31]
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- Executing and scaling on standard "gaming" hardware.[^32]
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- Polkadot SDK is the most robust and flexible blockchain framework.[^34]
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- Secure cross-chain interoperability through trustless bridging protocols.[^35]
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## Where is Polkadot leading?
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- 50+ active roll-ups live on Polkadot.[^40]
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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 the functionality of the network and tens of millions of dollars in assets for development.[^44]
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[^1]:
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- The first time the term "Web3" was used:
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- https://gavwood.com/dappsweb3.html
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- A blog post describing the importance of Web3:
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- https://gavofyork.medium.com/why-we-need-web-3-0-5da4f2bf95ab
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[^2]:
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- Explanation of sharding on Polkadot:
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- https://polkadot.com/blog/polkadot-v1-0-sharding-and-economic-security
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[^3]:
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- A high level overview of shared security:
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- https://www.youtube.com/watch?v=uKQOSPfM-W0
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[^4]:
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- A blog post explaining the term "blockspace":
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- https://www.rob.tech/blog/polkadot-blockspace-over-blockchains/
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[^5]:
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- The ELVES paper, formally describing Polkadot's cynical rollup:
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- https://eprint.iacr.org/2024/961
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- A tweet summary of the ELVES paper:
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- https://x.com/rphmeier/status/1807884271157187007
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[^20]:
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- Build applications where end-users pay no transaction fees.
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- Build applications more resilient to MEV.
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- Build applications which can prioritize tasks and processes.
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[^21]:
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- A demo of a Polkadot SDK blockchain producing blocks every .5 seconds:
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- https://twitter.com/bkchr/status/1818027282688352591
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[^22]
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- Learn about forkless runtime upgrades in Polkadot:
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- https://wiki.polkadot.network/docs/learn-runtime-upgrades
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[^31]:
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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:
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- https://polkadot.com/blog/polkadot-consensus-part-1-introduction
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[^32]:
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- Hardware requirements for running a Polkadot Validator:
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- https://wiki.polkadot.network/docs/maintain-guides-how-to-validate-polkadot#requirements
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- Compared to expensive and centralized machines needed for vertical scaling or ZK provers.
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[^34]:
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- Polkadot and Kusama are built with the Polkadot SDK.
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- All 50+ live parachains, and many more in development, all use Polkadot SDK.
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- Many projects outside of Polkadot also use the Polkadot SDK.
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- https://www.availproject.org/
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- https://midnight.network/
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- https://entropy.xyz/
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- and more...
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[^35]:
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- Native bridging protocol for applications secured by Polkadot:
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- https://wiki.polkadot.network/docs/learn-xcm-transport
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- An overview of external bridges on Polkadot:
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- https://polkadot.com/blog/the-landscape-of-trustless-bridges-on-polkadot
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[^40]:
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- A list of active parachains on Polkadot:
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- https://polkadot.subscan.io/parachain
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[^41]:
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- The Nakamoto Coefficient is one measure of decentralization and resilience.
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- A third party service comparing the Nakamoto Coefficient:
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- https://nakaflow.io/
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[^42]:
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- Graph of blockchain developer ecosystems:
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- https://twitter.com/Polkadot/status/1577016988697706496
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- The raw data is being generated using this open source repo:
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- https://github.com/electric-capital/crypto-ecosystems
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[^43]:
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- PVM and other VM benchmarks:
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- https://github.com/koute/polkavm/blob/master/BENCHMARKS.md
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[^44]:
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- Polkadot Treasury Account:
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- https://polkadot.subscan.io/account/13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB
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- Information about the Polkadot DAO:
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- https://polkadot.com/platform/dao
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