Polkadot was designed and developed by Dr. Gavan Woods, the founder of the Ethereum project. The main idea of Polkadat was proposed in 2016, and then in 2017, with the start of the operational implementation phase of the project, a new digital currency named DOT was also introduced.
Gavan Woods decided to answer the challenges that existed in the blockchain ecosystem, including scalability, flexibility and communication between blockchains. By creating Polkadata, he provided a secure, linked blockchain structure to solve these challenges.
In June 2020, the Polkadat network was officially launched and DOT was introduced as the currency of the network. Polkadat quickly attracted the attention of the blockchain community and is considered one of the top blockchain projects that enables the implementation of parachains and the creation of connections between different blockchains.
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