April 10, 2019, 9:32AM EDT
• 11 min read

Polkadot, the parallel chain protocol

Quick Take

  • Polkadot is a protocol invented by Gavin Wood, the co-founder of Ethereum and Parity Technologies
  • On Oct. 27, 2017, Polkadot’s token pre-sale, raised 485,331 ETH (~$145 million) to build out its parallel blockchain concept
  • On Polkadot, parachains share the security of a base chain called the inter-chain

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