1/ L0. At the foundation of your favorite layer 1 parachain is
@Polkadot
, a layer 0 blockchain.
Often misunderstood or unfamiliar, “layer zero” redefines how we think abt scalability & fills a huge interoperability gap faced by solo chains today.
Read on
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2/ Polkadot is a platform for interconnected blockchains that refers to itself as a meta protocol or a layer zero and serves as a foundation upon which smart contract platforms and app-specific blockchains are deployed.
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3/ 🔄 Polkadot is an L0 because it's a low-trust interaction platform for parachains.
As an interoperability protocol, Polkadot provides security via consensus and, as a result, allows L1 blockchains to exchange messages & perform txs w/o the need for an additional third party.
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4/ With the exception of these parachains, most chains are solo — meaning they manage their own security (along with everything else) and tend to be general-purpose networks which can’t be optimized to tackle specific problems efficiently.
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5/ 🏝️ Imagine solo L1 blockchains as islands:
- They have their own languages and currencies and each community governs itself.
- Bridges can be built to connect the islands together, but many factors can affect the stability and use of the bridge.
- Communities from different…
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6/ As L1s based on Polkadot’s L0 blockchain, parachains are like 🏡 houses in a 🏘️ Polkadot neighborhood connected by roads.
- In the Polkadot neighborhood, the roads are the shared security and communication routes between blockchains that can be used for governance and other…
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7/ This native interconnectedness introduces different benefits and is a critical piece for the next generation of cross-chain applications building on Moonbeam✨
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8/ 🚀 Check out our blog for more on what are layers, how does a layer 0 work, why Polkadot, and much more!
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@MoonbeamNetwork
@Polkadot
Imagine an ecosystem that advertises a secure bridging partnership. But freezes user assets during a hack then, instead of making an effort to repair the loss, chooses to dodge responsibility by forcing KYC and legal waivers on users trying to bridge out.
@nomadxyz_
@derekyoo
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