How to Launch a Polkadot Project

The Polkadot ecosystem is a relatively new direction in the blockchain world and is leading the third generation movement. The goal is to make blockchain technology interoperable and scalable. To do this, there is an internal network called Polkadot Relay. From it, there are parachaines that are connected to the parachain slot. When a "transaction" occurs in the ecosystem, the change occurs simultaneously through the relay. On the outer layer of the Polkadot network are parachaines that act like a blockchain, the only difference being that they can communicate with each other. The Polkadot network can be accessed by bidding on a parachain slot using their native DOT cryptocurrency. If you win, your crypto-assets are tied up until the end of your slot lease. If you've been wondering how you can grow on this Defi system, keep reading for a quick guide.

🟢 Why Polkadot.

The fundamental reason for developing through Polkadot parasites is compatibility and scalability. The Polkadot ecosystem is designed with scalability in mind, and because it allows chains to interact, it can handle more than individual chains. In particular, Polkadot is actively involved in the development of dApps, and Ethereum Defi is reportedly migrating to the system.

🟢 Integration with Polkadot

Currently, the main projects being launched in the Polkadot ecosystem are parachain creation, dApp development on the blockchain, and interchain collaboration. These are just a few examples of Polkadot's capabilities. However, if you have development in these areas, you should offer a parachain slot.

🟢 Parachain development.

Parachain development takes the independent blockchain we all know and makes it capable of interacting with other chains. Developing Polkadot parachains requires a deep understanding of the Rust language. However, you can usually create a blockchain project using other languages, including Java, Go, and C++. If your language is supported by the parachain slot, you are good to go. If you want to create parachains through Polkadot, they will give you the Polkadot Development Kit (PDK), which is available in Cumulus and Substrate.

🟢 Polkadot dApp development

Because of Polkadot's interoperability and scalability, developers who want to build dApps are looking to occupy safe places in the Relay Chain. First and foremost, developers seek to create open financial dApps that can integrate with other blockchains. Examples include RIO Chain and Centrifuge.

🟢 Cross-chain bridges.

Another way to access the Polkadot network is to create interchain bridges. This is exactly what it sounds like. Your service will be on the Polkadot network and operate as a token exchange service that will link external blockchains to the Polkadot ecosystem. Wanchain is one of the most obvious examples of an interchain bridge.

If you are a developer looking to build dApps or Defi, the Polkadot parachain ecosystem is the way forward. Along with further reading and a solid idea, you will need a deep understanding of code languages before you get started.