Which cryptocurrency is the better solution to interoperability, Cosmos (Atom) or Polkadot (DOT)?

PALLAV RAJ
3 min readSep 6, 2021

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Blockchain interoperability might be the new significant arena of development that hugely contributes to the growth of the decentralized internet. The Polkadot Network and The Cosmos Network are the two most popular cryptocurrency trading forces to be thought of as the makers of interoperable blockchains networks. This article explores blockchain interoperability, the working of both cryptocurrency networks, their network design, and their comparison.

Table of contents

  • What is Polkadot?
  • What is Cosmos?
  • What does blockchain interpolarity mean?
  • Why is it Important?
  • Polkadot vs. Cosmos — a better solution for interoperability
  • Closing Thoughts

What is Polkadot?

Polkadot (DOT) is an interoperable, adaptable, and safe network for cutting-edge cryptocurrency trading. The Switzerland-based Web3 organization upholds it. Also, the Polkadot network links different networks of blockchains, empowering the transfer of inter-chain information. Additionally, with this functionality, DApps can get information from semi-public, private, or open blockchains freely. As per the cryptocurrency expert advisor, interoperability along with security is something that will be a must quality in blockchain networks in the future.

What is Cosmos?

It is a decentralized network that interfaces various blockchains that work autonomously with one another. This network has a versatile blockchain environment where blockchains can freely transfer data with one another. In the Cosmos network, the digital asset “ ATOM” is used for transactions. However, to learn more about Cosmos, you can take the help of a knowledgeable crypto auditor.

What does blockchain interpolarity mean?

Each blockchain network addresses a complete new recordset and has various applications. And, all of them use diverse consensus procedures as well as adopt a particular strategy toward blockchain, making different frameworks not accessible to interoperate with others.

Different frameworks are valid for each major blockchain, including Etherum and Bitcoin. In any case, fortunately, we have solutions, for example, the Polkadot, Cosmos, or Harmony blockchain, that enable these networks to interoperate. This capacity of blockchain networks to convey and impart information to one another is called blockchain interoperability.

Why is it Important?

A connected network of blockchains contributes to the improvement of the decentralized internet. Besides, when every network associates with each other, it fetches more value, a superior client experience, and more innovative conceptualizing to enhance the network.

Furthermore, Blockchain interoperability can fundamentally expand the speed, adaptability, and extensibility of blockchains. For instance, in case you have a blockchain covered at 100 exchanges each second, you can make one more exact blockchain network to facilitate 200 exchanges each sec as well as you can make it interoperate with other blockchains. Furthermore, You can do the same thing to streamline up to thousands of exchanges.

It likewise takes into consideration a timely connection with the public, private, and consortium blockchains. Ultimately blockchains will be even interoperating with fiat banking frameworks such as SWIFT.

Polkadot vs. Cosmos: A better solution for interoperability

Polkadot and Cosmos networks share a lot of similarities. In spite of the fact that Cosmos offers developers somewhat more flexibility to construct their own blockchains, the Polkadot parachains too are very adaptable in terms of their implementation. Moreover, future auctions of parachain will be likewise causing investors to debate on insane Polkadot value expectations. Also, there is an active comparison going on between Polkadot and Ethereum. The people who support the venture say that Polkadot cryptocurrency is a wise investment.

The primary function of both blockchains is that they empower designers to create an auxiliary layer. Further, the community deems it to be totally different from a network like Ethereum. Currently, on Ethereum, the entirety of the applications operate on the base layer.

As far as connectivity is concerned, the Cosmos blockchain upholds numerous center points, so the scaling prospects are almost perpetual. Likewise, on Polkadot, a designer can link the Polkadot relay chain to an outside blockchain. Hence, accomplishing interoperability. The Polkadot group even depicts an extension as a kind of “virtual parachain.”

Closing Thoughts

Interoperability is very important for blockchains. It helps them gain reception in multiple industries that they can influence positively. Hence, the presence and development of Cosmos and Polkadot are vital to make interoperability more achievable. In addition to this, interoperability makes cryptocurrency trading, information exchanges like health records, and supply chain records between different networks much more manageable.

Gain deep knowledge of blockchain and cryptocurrency networks at the BLOCKCHAIN COUNCIL. Enroll in the best cryptocurrency certification consortium available on the web.

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PALLAV RAJ
PALLAV RAJ

Written by PALLAV RAJ

Hey, This is Pallav Raj an independentTechnology writer by Passion. Worked at Microsoft, Puma, Nike as a Copywriter and Content manager.

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