Definition
Polkadot is a blockchain protocol designed to connect multiple specialized blockchains into a single, shared network. It provides a central chain, called a relay chain, that coordinates security and communication among connected chains. Polkadot includes its native token, DOT, which is used within the network for governance, economic incentives, and managing participation in the protocol.
In Simple Terms
Polkadot is a main blockchain that helps many different blockchains work together in one network. It lets these chains share security and send information between each other. The network has its own token, DOT, which is used to take part in decisions and activities inside the Polkadot system.
Context and Usage
Polkadot is commonly mentioned when discussing base-layer blockchain platforms and ecosystems that support many applications and custom chains. It appears in conversations about multichain design, blockchain scalability, and networks that coordinate several blockchains under one framework. Polkadot is also referenced in market discussions as a major crypto asset and protocol alongside other large Layer 1 platforms.