Polkadot is a project that aims to build an ecosystem of blockchains that can interact with each other. The project was founded by Gavin Wood, who is also the co-founder of Ethereum.
Polkadot has been designed to address some of the limitations of existing blockchain technologies, such as the scalability issues that have hampered Ethereum’s growth.
Polkadot is not an Ethereum fork, but it is based on Ethereum’s codebase. Polkadot also uses a different consensus mechanism than Ethereum, which is designed to provide better scalability.
Polkadot’s mainnet is not yet live, but the project has already attracted a lot of attention from the crypto community.
It remains to be seen whether Polkadot will be able to live up to its hype, but the project has certainly made a strong start. Only time will tell whether Polkadot will be able to dethrone Ethereum as the king of smart contract platforms.