Market volatility is one of the foremost reasons why institutional Web2 clients stay away from the crypto space. These clients believe that cryptocurrencies are too ‘unstable’ to venture into. Furthermore, those intending to integrate their Web2 operations into Web3 are always skeptical about such a move due to the issue of blockchain interoperability.
Golteum (GLTM) and Polkadot (DOT) are two platforms that provide solutions to the issue of market volatility and blockchain interoperability, respectively. Golteum provides a safer and more stable option for these clients. On the other hand, Polkadot’s cross-chain protocol allows these Web2 clients to build easily in the Web3 space without limiting blockchain interoperability. Let’s look at both platforms.
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Polkadot is a cross-chain communication protocol that allows blockchains to communicate by utilizing para chains. This protocol enables platforms to build across
several blockchains without constraints, as they can easily utilize Polkadot’s bridges to communicate across these networks.
However, Polkadot (DOT) faces stiff competition from other cross-chain communication protocols as some are building standard protocols that allow blockchains to communicate without first building bridges. For example, Layer Zero, an omnichain interoperability protocol, utilizes a novel technique that allows blockchains to communicate seamlessly.
As such, Polkadot’s (DOT) holders are wary of the competition as these newer platforms could push Polkadot out of the curve, and then Polkadot’s DOT token, which they happen to hold, might become less valuable. These investors are therefore looking to diversify their portfolios and have their eyes set on ground-breaking
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