Polkadot (DOT) In-Depth Research Report
1. Core Positioning and Technical Architecture of the Project
Polkadot (DOT) is a cross-chain protocol ecosystem native token developed under the leadership of Ethereum co-founder Gavin Wood, with the core positioning as the 'Internet of Blockchains'. It achieves interoperability of assets, data, and functions among different blockchains through a relay chain and parachain architecture. Its core technical advantages are reflected in three points: first, it supports customized parachain development based on the Substrate SDK, lowering the barrier to blockchain construction; second, it standardizes cross-chain interactions through the XCM cross-consensus messaging format, with a 94% month-on-month increase in XCM cross-chain message volume in Q1 2024; third, it introduces the JAM chain (Join-Accumulate Machine) upgrade, integrating Ethereum compatibility with its own scalability to provide an execution environment for complex applications such as AI Agents.