Image source: Twitter
Image source: Twitter
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Image source: OKEx
As early as the beginning of 2019, Bloomberg pointed out that there are four new projects that the blockchain industry should focus on, and Polkadot, known as one of the "cross-chain duo", is one of them. Why is Polkadot so popular?
In fact, it has something to do with its original design concept. For a long time, as the two most mainstream chains in the blockchain - Bitcoin and Ethereum are two completely independent chains in use and cannot communicate with each other; at the same time, the network congestion and lack of scalability of Ethereum are also unsatisfactory criticized. The Polkadot concept was born in such an environment, and its core is "cross-chain". One of Polkadot's visions is to enable blockchains such as Bitcoin and Ethereum to be connected in all aspects of the Polkadot network to form a network effect and realize a "block network". According to the Polkadot white paper, the team designed a two-layer structure of "Relaychain + Parachain" to realize this vision. The relay chain is responsible for information interaction verification and maintaining the security of the entire network; the parachain is responsible for handling various details, and different parachains are responsible for different sectors to achieve different needs. Through the two-layer structure, any two parallel chains in the future can directly or borrow the relay chain to complete cross-chain interaction.
From the perspective of the development process of the blockchain, Polkadot is undoubtedly a milestone in the advancement of blockchain technology. Its appearance ended the current "island of chains", realized the transformation from independent chains to linked chains, and even realized blockchain networks, effectively Improve resource exchange or transmission between chains.
From the perspective of transaction methods, Polkadot simplifies the transaction process for investors. Investors can realize transactions between chains, increase transaction speed, and effectively alleviate problems such as network congestion and slow transactions.
From the perspective of investment prospects, Polkadot has technically realized the link between chains and solved the island problem; at the same time, it can effectively alleviate network congestion and simplify the transaction process. From these two perspectives, Polkadot is extremely developed. Foreground, it is worth the user's in-depth understanding and thinking, how to invest in the layout.
From the perspective of blockchain development, transaction methods, and investment prospects, most investors will think that Polkadot is a sweet pastry, and the project parties are no exception. Therefore, when news about the upcoming realization of the Polkadot parachain comes out, many project parties believe that it is worthy of long-term attention and investment.
However, the operation of parallel chains needs to consume certain network computing resources, so the number of parallel chains is limited. The project party can only rent limited slots through auctions to obtain "admission tickets" and access to the parachain.
Is it necessary for the project party to take pictures of the slot, and what impact will it have on the market?
For Polkadot, the parachain slot auction means that Polkadot's cross-chain is moving from vision to implementation, which is an important milestone in Polkadot's development; The scope will be expanded, and the usage scenarios of DOT will be more abundant.
For the project party, after successfully bidding for the parachain slot, it means realizing cross-chain interoperability with other projects and sharing the security of the Polkadot network; for some mainnets that are ready but not yet officially launched, in When the slot is taken, the main network is started synchronously, and the verification mechanism of Polkadot can be directly used. This will reduce the development work of starting the main network first and then changing the code access. Therefore, the auction is also related to the main network launch process of such projects.
For investors, if you are investing in the developer of the parachain - Polkadot, according to its white paper and current progress, this may be a good investment opportunity; if you are an investment institution that assists the project party in bidding, you can consider increasing assistance The strength of the project party's bidding, so as to obtain income indirectly or in the later stage.
As far as the market is concerned, it is generally good for the project party or Polkadot. It has driven the development of the industry, and will or will drive the rise of currency prices in the future; however, there is no shortage of speculation Those who obtain slots through auctions are then sold at high prices to project parties that have not obtained slots, which will cause market chaos in the later stage and have a negative impact on the future development of Polkadot and the market.
According to news, the Polkadot parachain slots may be auctioned in the first round at the end of the year, and it is worth looking forward to who will fall in the first round. The future prospects of Polkadot are also difficult to predict, and it is worth exploring for users. In addition, the market is uncertain, and any factor will cause fluctuations in the currency price. Investors are expected to invest rationally and proceed cautiously.
