What problem does this service solve?

Polkadot aims to improve interoperability and overall performance for DApps running across multiple networks.PCHAIN's multichain ecosystem will allow DApps to operate across blockchains and will enable larger scale applications.

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Company Description

The Polkadot blockchain is a multi-chain blockchain that is designed to bundle multiple chains together so that they can be executed in parallel. The goal is for every block on the Polkadot blockchain to contain multiple blocks from other chains. This will enable the network to contain the transaction information from multiple chains and dramatically increase the overall interoperability between different blockchain networks. Polkadot was created by the Web3 Foundation, which is led by Gavin Wood, one of the founders of Ethereum. Polkadot is their flagship project, and aims to solve the issues in the blockchain ecosystem related to disjointed governance and interoperability.

PCHAIN is developing a multichain ecosystem that will support the Ethereum Virtual Machine (EVM).PCHAIN's architecture will consist of one main chain and multiple child chains. They hope to improve transaction times with a Proof-of_Stake consensus mechanism that will be combined with sharding.. The PCHAIN network is currently powered by the Ethereum-based PAI token.