In this paper we describe the design components of the heterogenous
multi-chain protocol Polkadot and explain how these components help Polkadot
address some of the existing shortcomings of blockchain technologies. At
present, a vast number of blockchain projects have been introduced and employed
with various features that are not necessarily designed to work with each
other. This makes it difficult for users to utilise a large number of
applications on different blockchain projects. Moreover, with the increase in
number of projects the security that each one is providing individually becomes
weaker. Polkadot aims to provide a scalable and interoperable framework for
multiple chains with pooled security that is achieved by the collection of
components described in this paper
