November 29, 2021, 4:01PM EST
• 30 min read

Mapping out the Polkadot ecosystem

Quick Take

  • Polkadot is an open-source cloud computing platform that enables cross-chain transfers of data or assets, without being solely limited to token transfers
  • The Substrate blockchain is used by developers to catalyze the building and launching of Polkadot compatible projects and dApps
  • The actual workings of Polkadot function through the implementation of a Relay Chain, Parachains, Parathreads, and bridges
  • The network contains a native DOT token which plays a substantial role in Polkadot’s governance and staking and bonding features
  • The Block has identified 236 projects and tokens across 19 verticals within the Polkadot ecosystem

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