Polkadot is an open-source project led by the Web3 Foundation. It is a sharded protocol that connects different blockchain networks.

Polkadot Basics

Polkadot consists of two parts: Relaychain and Parachain.

  • Relaychain: This is the core of Polkadot which is responsible for network security, consensus, and cross-chain interoperability.

  • Parachain: These are sovereign blockchains with custom tokens and optimized functionality for specific use cases. Parachain connection to Relaychain is priced on a pay-as-you-go basis or a continuous connectivity lease.

Cherry Network is built on Parity Substrate and aims to join Polkadot as a parachain. The benefits of connecting a network to the broader Polkadot ecosystem are:

  1. Data and tokens can be transferred among parachains seamlessly.

  2. Parachains can import Relaychain security.

Learn more about Polkadot:

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