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What exactly is Polkadot?

Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel, eliminating the bottlenecks that occurred on legacy networks that processed transactions one-by-one. This parallel processing power significantly improves scalability and creates the right conditions for increased adoption and future growth. Sharded chains connected to Polkadot are called “parachains” because they run on the network in parallel.
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The Fall of the Altcoins: ETH Down 8%, XRP 11%

Polkadot, XRP, Solana, Chainlink, Bitcoin Cash, Theta, Ethereum, SHIB, Dogecoin—this is the list of today’s casualties after the global market capitalization of cryptocurrencies lost $80