Blockchain Interoperability: Unlocking the Full Potential of Blockchain
Interoperability, or the ability of different systems or components to work together, is essential for the success and adoption of blockchain technology.
Polkadot is a blockchain platform that is designed to support multiple chains, known as parachains, that can interoperate with each other. It is built on the substrate framework and is intended to provide a more scalable, flexible, and secure alternative to other blockchain platforms, such as Ethereum. Polkadot uses a unique consensus mechanism, called the Relay Chain, which allows it to support a range of applications and use cases, from decentralized finance (DeFi) to governance and identity.