How does the Polka Dot white paper propose to address the scalability issues faced by existing cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  The Polka Dot white paper suggests a multi-chain framework to address scalability issues. It proposes a relay chain that acts as the main chain and multiple parallel chains called parachains. This architecture allows for increased throughput and scalability by processing transactions in parallel. Additionally, Polka Dot utilizes a concept called 'shared security' where the relay chain provides security to the parachains, ensuring the overall network's security and integrity. By separating the concerns of consensus and execution, Polka Dot aims to achieve high scalability without compromising security.
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• Nov 24, 2021 · 3 years ago
  In the Polka Dot white paper, they propose a unique approach to scalability by introducing a concept called 'parachains'. These parachains are independent chains that run in parallel to the main chain, allowing for increased transaction throughput. The relay chain acts as a bridge between these parachains, ensuring secure communication and coordination. By utilizing this multi-chain architecture, Polka Dot aims to overcome the scalability limitations faced by existing cryptocurrencies and provide a more scalable and efficient network for decentralized applications.
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• Nov 24, 2021 · 3 years ago
  According to the Polka Dot white paper, the scalability issues faced by existing cryptocurrencies can be addressed through the use of a sharded multi-chain network. Polka Dot introduces a relay chain that coordinates the communication between multiple parallel chains called parachains. This sharded architecture allows for increased scalability as each parachain can process transactions independently. The relay chain ensures the security and consensus of the network by validating the transactions and finalizing the blocks. By leveraging this multi-chain approach, Polka Dot aims to provide a scalable and interoperable platform for decentralized applications.
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