Parachains are multiple autonomous layer-1 blockchains that run in parallel beneath the Polkadot ecosystem
Polkadot, developed by Ethereum co-founder Dr. Gavin Wood, is a protocol that allows data to travel between different blockchains,.
Parachains are multiple distinct Layer-1 blockchains that run in parallel inside the Polkadot ecosystem, on both the Polkadot and Kusama Networks.
Polkadot's parachain model enables projects to achieve scalability at Layer-1 rather than relying entirely on Layer-2 solutions.
Anyone interested in establishing a Parachain-based project must first set up a Parachain on Polkadot.
Polkadot Parachains is an advanced approach to addressing scalability and a host of other difficulties that have plagued the blockchain industry for a long time.