So I was trying to dive into the polkadot paper by Gavin Wood, co-founder of Ethereum and founder of Parity. But it seems to be too advanced for my current level of understanding. In layman's terms what exactly is polkadot?
Here is the link to theā¦
There is something i do not understand about Polkadot.
Can we say Polkadot is a sidechain of Ethereum ? Or is it contestant of Ethereum ?
Is it correct to say "Polkadot is not a Layer 2 of Ethereum but a Layer 1 sidechain" ?
Thanks