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Why is Polkadot needed?
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Written by Max
Updated over a week ago

Polkadot has many similarities with Ethereum 2.0, both operate a main blockchain where transactions are finalized, thus allowing for the creation of many smaller blockchains that leverage its resources. In addition both platforms have PoS as a consensus mechanism and use staking instead of mining as a means of keeping the network secure.

There is current research on how transactions between both networks could be made interoperable, such as now possible between Ethereum and Polygon (MATIC). As a start, it is possible for developers to use Polkadot’s framework to simulate a copy of the Ethereum blockchain that can be used in their own custom blockchain designs.

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