close up photo of assorted stickers

Polkadot: What is it and How is it Used?

Polkadot is a decentralized network protocol that enables cross-chain transfers of any type of data or assets. It is built on a proof-of-stake consensus model and utilizes a “gossip protocol” for propagating messages throughout the network. Polkadot is intended to provide a “trustless” environment for inter-chain communication and is designed to be scalable, flexible, and secure.