Polkadot is a multi-chain platform that enables different blockchain networks to interoperate and share information. It aims to create a decentralized and scalable network of blockchains, referred to as a "parachain" ecosystem, where specialized chains can communicate and transfer assets and data seamlessly. Polkadot utilizes a unique governance model and a shared security mechanism to provide interoperability, scalability, and customizability for blockchain projects. It offers a framework for creating and connecting purpose-built blockchains, fostering innovation and collaboration across different blockchain networks.
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