Launch Polkadot in Alice-Bob

Polkadot is a technology that combines various blockchains such as Bitcoin and Ethereum. The merger takes place within a single multi-blockchain.

Chain features

The Polkadot chain consists of several main elements:
  • The core chain or Relay Chain is the "mother chain" of the whole system, its task is to organize "communication" of parachains (other blockchains) with each other and transmit information between parachains.
  • Parachains are all blockchains that use the Relay Chain. Each parachute can perform its function, and the Relay Chain connects to each of them, reads its status and transmits information to other parachains.
  • Bridges are networks through which the Relay Chain connects to parachutes and reads their state.
The network is based on the Proof-of-Stake consensus, ie it uses stacking.

DOT token

The Polkadot chain has its own token - DOT. Here are its main features:
  • validation of transactions in the Relay Chain
  • adding and removing parachains
  • control over the protocol and the right to vote when updating and correcting the chain