TI Research Report - 2021 Polkadot Ecosystem
Different from Ethereum and other public application chains, Polkadot is aiming to realize a blockchain internet, connecting chain’s values with the ability to cross-chain. Its architecture consists of parachains, relay chain, and the bridge. The relay chain, as the core of the polkadot, is responsible for the security, consensus and the interoperability of the whole internet. Parachain, as the independent blockchains in polka’s ecosystem, can connect to the polka network through the slot-auctions. Bridge could cross blockchains from outside of Polka ecosystem into the Polka system, like Bitcoin and Ethereum.
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