Polkadot Blockchain Development
QuillHash is a leading blockchain development company offering you the polkadot development services with the team of polkadot developers. Harness the power of Polkadot to build scalable, multiple blockchain applications.
About Polkadot
Polkadot has left the blockchain industry gushing in excitement! A next generation blockchain, what it does is to connect several chains in a single network, facilitating processing of transactions in parallel and ensuring data security while data moves between chains. Creating what is known as heterogeneous blockchain, it effectively resolves three problems plaguing blockchain - Scalability, Interoperability, Upgradeability.
How Polkadot works
Polkadot is an ecosystem of blockchains called ‘Parachains’ that connect to a core blockchain called the Relay Chain. Polkadot uses a hybrid delegated proof of stake mechanism for consensus.
Adopting a heterogeneous sharded model having blockchains within blockchain, Polkadot combines speed and scalability with interoperability.
A hybrid PBFT/Aurand consensus mechanism provides for two degrees of finality. It allows for relatively low latency state transitions.
Polkadot provides for code that governs specific parachains separately, thus eliminating any need for a hard fork. Nodes don’t have to update the code.
Adopting a heterogeneous sharded model having blockchains within blockchain, Polkadot combines speed and scalability with interoperability.
A hybrid PBFT/Aurand consensus mechanism provides for two degrees of finality. It allows for relatively low latency state transitions.
Polkadot provides for code that governs specific parachains separately, thus eliminating any need for a hard fork. Nodes don’t have to update the code.
Benefits of Polkadot
Polkadot has resolved major technological issues in blockchain, making it much more efficient. It facilitates seamless transfer of data across private, permissioned blockchains as well as public, open, permissionless blockchains.
Simple Development
You are able to develop a custom blockchain with ease in little time, utilizing the Substrate framework. To make an efficient blockchain up and running, it generally won’t take more than a few hours.
Advanced Interoperability
An array of different blockchains, all excelling in different applications, mandate interoperability for efficiency. To achieve advanced interoperability, Polkadot allows cross-chain transactions of diverse sets of data.
Future-proof
To incorporate new features or to set right any bug, Polkadot doesn’t require any hard forks. It is inherently open to the adoption of better protocols and technologies in the course of development, making it highly future proof.
Pooled Security
The underlying consensus algorithm is Byzantine Fault Tolerant, providing security to all chains within the platform. Blockchains are able to pool security while still having arbitrary state-transition functions.
Speed
Polkadot has put behind the speed issue in blockchains. State machines in Polkadot state machines have an increased execution speed. Theoretically you are able to execute 1 million transactions per second.
Our Polkachain Development Process
Frequently Asked Questions
- Ability to form compact and quick light-client proofs over the finality of blocks.
- Means to allow a large set of independent authorities to authorize a transaction.
- POC-1, got released in May 2018.
- POC-2 followed in July 2018, introducing the ability to develop parachains, and staking rewards and slashing for validators.
- POC-3 testnet came in January 2019. It includes the GRANDPA consensus algorithm.
- POC-4 in April 2019 made running a validator more secure and customizable.
Polkadot arrived in May 2020 with additional features like staking, on-chain governance, and on-chain identity added.
Our Awards And Recognitions
Our Global Offices:
India
LG 006 , DLF Grand Mall, DLF phase 1 , Sector 28 Gurugram, Haryana 122002, India
Singapore
111 North Bridge Rd, #21-01 Peninsula Plaza, Singapore
179098
United Kingdom
57, Creighton Road, South Ealing, W5 4SH
Canada
7236 Sills Rd,
Mississauga,
Ontario - L4T 2K
Our Global Offices
India
LG 006 , DLF Grand Mall, DLF phase 1 , Sector 28 Gurugram, Haryana 122002, India
Singapore
111 North Bridge Rd,
#21-01 Peninsula
Plaza,
Singapore 179098
United Kingdom
57, Creighton Road,
South Ealing London,
W5
4SH
Canada
7236 Sills Rd,
Mississauga,
Ontario - L4T 2K
