Polkadot is a heterogeneous multichain protocol that connects blockchains securely through pooled security and interoperability. It allows for customized blockchains called parachains to be built using Substrate and connected to Polkadot, upgrading the network without splits. Kusama is Polkadot's canary network for testing features before mainnet. On-chain governance allows the network to upgrade itself through public referendums.