Review on Polkadot [IOU] by LUIS RIVERO R
Interoperable chain, currently under development.
This is a blockchain that allows several chains to work without problems, according to official data it is theoretically really interoperable allowing transfers between chains, among its characteristics is its high scalability to process transactions between chains, and easy integration and adaptation to new protocols and chains.
The most important thing is that it maintains the integrity of its respective chain, so there are no modifications to or centralized storage. Currently the networks are not integrated, this process is still under development. The team that is developing this project also has important partners. I think its biggest problem is that it should be listed in other exchanges that give credibility to the project such as binance or others that handle a better volume.
Pros
- Supports transfer between chains, this not only refers to exchanging cryptocurrencies but also data, tokens.
- Highly scalable including interactions with other chain chains.
- Any user can create a chain and connect it to Polkadot.
- To update your chain it is not necessary to fall into forks, which will allow you to solve problems in your community in the future.
- It has important associations with other projects, such as ChainX, Polymat, Dock
Cons
- It is listed in few exchanges, however the volume of transactions according to CMC.
