Polkadot Leads Blockchain Into The Era Of Decentralized Finance (DeFi)

By connecting parallel blockchains, Polkadot has provided a hot topic of discussion for the evolving world of blockchain technology. Polkadot’s initiative of permitting independent blockchains to become more versatile, running on the Substrate framework has become a very vital tool for the cryptocurrency ecosystem.

The role of Polkadot in this case is similar to what Ethereum has done to the world of decentralized applications (Dapps). The difference in this case is that unlike Ethereum, which made it easy for developers to create decentralized applications, Polkadot goes a step further to permit interchain interactions within its ecosystem.

Timeline of Ethereum, Polkadot-new