Hello and welcome to this blog post about Polkadot DOT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Polkadot DOT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Polkadot (DOT).
I can ensue you that, you will be able to understand every bits and pieces related to Polkadot (DOT) after going through the Polkadot DOT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Polkadot DOT White Paper
Polkadot DOT white paper will be going to provide you, all the information that is needed to get started with Polkadot (DOT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Polkadot (DOT).
“ Present-day blockchain architectures all suffer from a number of issues not least practical means of extensibility and scalability. We believe this stems from tying two very important parts of the consensus architecture, namely canonicality and validity, too closely together.
This paper introduces an architecture, the heterogeneous multi-chain, which fundamentally sets the two apart. In compartmentalising these two parts, and by keeping the overall functionality provided to an absolute minimum of security and transport, we introduce practical means of core extensibility in situ.
Scalability is addressed through a divide-and-conquer approach to these two functions, scaling out of its bonded core through the incentivisation of untrusted public nodes.
The heterogeneous nature of this architecture enables many highly divergent types of consensus systems interoperating in a trustless, fully decentralised “federation”, allowing open and closed networks to have trust-free access to each other.
We put forward a means of providing backwards compatibility with one or more pre-existing networks such as Ethereum.
We believe that such a system provides a useful base-level component in the overall search for a practically implementable system capable of achieving global-commerce levels of scalability and privacy.”
White Paper Link: Polkadot White Paper
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