Polkadot 2.0 and the future of DOT, explained
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The Polkadot network comprises the Relay Chain, parachains, and bridges to facilitate communication between different blockchains.
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Parachains are parallel blockchains that host projects, with versatility to meet specific needs. Bridges connect Polkadot to external chains to improve interoperability.
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Polkadot is a layer-0 blockchain that provides infrastructure for building customized parachains with cross-chain communication.
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Polkadot uses a nominated proof-of-stake (NPoS) system for validator selection to enhance security.
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Governance is through DOT token holders voting on proposals, enabling community-driven evolution.