Review on Darwinia Network by jesus ruiz
Darwinia Network, a bridge between blockchains
Initially smart contracts or Blockchain networks were single entities and had to perform all operations by themselves, all these activities were contained within the blockchain without any communication with each other.
Then it was discovered that if blockchains operate in direct communication and in turn work together, their weaknesses can be reduced and their strengths enhanced, it would also make the security of transactions grow.
The Darwinia network is a blockchain that works as a bridge, enabling the connection of different chains through a technology known as cross-chain and can be connected to the Polkadot Network.
Darwinia powers the transfer of assets, including non-fungible tokens (NFTs), and decentralized exchanges, across different blockchains.
Darwinia owns two resident tokens on its chain which are RING and KTON. These tokens, technically do not relate as peers, because KTON is a derivative of RING.
RING is Darwinia's primary utility token and is used to facilitate activities on the network. It is primarily used as a commission payment for transactions, contract executions, network bandwidth, storage, etc. across the system.
Being part of the Polkadot ecosystem, security assurances and enhanced functionality for Darwinia are provided by the wider network.
Pros
- It is a developing project with great potential and many useful applications.
- It has good market capitalization and good working capital volume.
- It is part of the Polkadot ecosystem.
Cons
- none at this time
