We need to understand the similarities and differences between Polkadot and Ethereum 2.0 first.
In terms of project background, both Polkadot and Ethereum have strong technical teams and technical backgrounds, so I won’t go into details here. One is the world’s advanced smart contract platform, and the other is a platform that will carry future multi-chain interoperability. Both platforms are designed for developers to build decentralized applications, and both are pursuing expansion strategies based on parallel execution to solve regional problems. Performance and scalability issues for blockchain networks. Specifically, Bridge Smart Contract Development Services each execution thread is called a shard in Ethereum 2.0, and is called a parachain or parallel thread in Polkadot.
Beiming Laochu
We need to understand the similarities and differences between Polkadot and Ethereum 2.0 first.
In terms of project background, both Polkadot and Ethereum have strong technical teams and technical backgrounds, so I won’t go into details here. One is the world’s advanced smart contract platform, and the other is a platform that will carry future multi-chain interoperability. Both platforms are designed for developers to build decentralized applications, and both are pursuing expansion strategies based on parallel execution to solve regional problems. Performance and scalability issues for blockchain networks. Specifically, each execution thread is called a shard in Ethereum 2.0, and is called a parachain or parallel thread in Polkadot.
Doctor of Science, has been engaged in blockchain project analysis and research for a long time. Good at analyzing the value and prospects of projects with knowledge of business, economics, psychology, etc.
The transfer bridge is an indispensable part of the Polkadot ecosystem. Because the chain developed based on substrate can easily access the Polkadot network. However, for most of the existing public chains on the market (such as btc, eth, eos, etc.), it is impossible to directly access, which requires a transfer bridge. As a cross-chain network, connecting other public links into Polkadot is a must. The bridge is an indispensable part of the Polkadot ecosystem. Because the chain developed based on substrate can easily access the Polkadot network. things to do. Therefore, Cross chain bridge development the transit bridge must be basic and frequently used in the future.
Transfer bridge projects can be divided into 3 categories:
1) The transfer bridge of a single public chain, mainly BTC and ETH, such as REN and PolkaBTC, etc.
2) Support the transfer of most public chains, now mainly include MathChain, Darwinia, chainX, etc.
3) For other projects, the transfer bridge is only a small function, and such projects are not discussed.
MathChain, Darwinia, and chainX are the most frequently used in the future, and the three are also in competition with each other. But at this stage, the three projects have their own advantages, and it is impossible to see which side can win. Therefore, if you want to layout, you may need to layout all three.
01. REN
In essence, REN is not actually a project of Polkadot, it is a project that will be transferred to Ethereum with btc and bch. But it now supports the bitcoin conversion of the Polkadot defi project Acala, which can be said to make a certain contribution to the Polkadot ecosystem.
02. Snowfork
Snowfork is the transfer of Ethereum tokens to polkadot. Functionally, it is an equally important project as the btc bridge. It’s just that although Snowfork claims to be very strong, they are all members of the world’s top 500. And the official website is simple, twitter has no fans, and there are already more than one new article.
03. Interlay and PolkaBTC
PolkaBTC is a transfer bridge for BTC in the Polkadot network, and the project is funded by Web3.0. Interlay is its development company, and Interlay is a team in the United States, Build a cross chain bridge which is very strong. Interlay’s marketing campaign is not very enthusiastic, with just over 1,000 followers on twitter. However, as the leader of cryptocurrencies, it is highly anticipated that btc will be incorporated into the Polkadot ecosystem. Therefore, the Polkadot ecosystem has very high expectations for PolkaBTC. PolkaBTC has been launched on the test network, and it is expected to officially launch the first Polkacoin ecological Bitcoin without credit packaging in early 2021.
PolkaBTC has not issued coins yet, we will keep a close eye on it
04. pLibra
pLibra is a bridge between Polkadot and Libra. Libra is a U.S. dollar stablecoin initiated by Facebook. Due to various reasons such as U.S. regulation, progress has been slow. But if it is launched, Libra’s influence will be huge because Facebook has more than 2 billion users worldwide. So it is very necessary to connect it to Polkadot.
pLibra is developed by phala, which is the project of Polkadot’s privacy computing power introduced earlier. So pLibra itself does not issue coins.
05. separate analysis
MathChain, Darwinia, chainX
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