Crypto Moonshots on Polkadot

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In our last article we explored the Binance Smart Chain ecosystem to identify crypto moonshots. In this article we turn our attention to Polkadot, another blockchain which is home to a number of exciting and undervalued projects.

Polkadot is described as the mother of all blockchains. It was founded by the co-founder of Ethereum and went live in May 2020. Its potential has been quickly recognized by the market and is now the sixth most valuable blockchain.

A little about Polkadot before we get into some of the many exciting projects that have been built on it.

Polkadot Explained

At the heart of Polkadot is a concept called “parachains”, these are blockchains that can run higher transaction throughput than Ethereum because they utilize parallel chains to process transactions.

Polkadot is designed to join the dots with other networks. It’s commonly referred to as a multi-chain network because it can join networks together, in contrast to networks like Bitcoin for example.