Tag: Interoperability
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Cross-Chain Interoperability: Major Issues & How to Tackle Them
There are now numerous blockchains besides Bitcoin. Popular examples include Ethereum, Polkadot, Solana, and Binance Chain. And although blockchain was designed to be decentralized, ironically, most function as isolated silos, and are quite centralized. Each has its own unique structure, token, and consensus mechanism, and “communication” between different ecosystems has to be created on a…
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DEXs on Polkadot: Leveraging the Power of Substrate & Shared Security
Ever wondered about the differences between the DEXs built on Polkadot and the ones launched in other blockchain ecosystems? Let’s dive into the structure of some Substrate-based trading platforms and understand why they have different unique designs. There are two major types of platforms to exchange crypto. Centralized Exchanges (CEXs) are controlled by a central…