Polkadot founder Gavin Wood envisions an advanced, decentralized system capable of supporting smart contracts through a secure model for the future of parachains.
Polkadot has always been a bustling restaurant with a menu that caters to every palate — from simplified Web3 experiences to real-world asset (RWA) tokenization platforms.
However, the blockchain ecosystem still faces challenges such as high costs and complexity in creating parachains, limited interaction between parachains despite existing communication protocols, and auction-based parachain slot acquisitions that are both costly and time-restricted.
