Polkadot Parachain Auctions!! ULTIMATE 101 GUIDE!! (Ep 289)
Coin Bureau
00:00
Polkedot's Parra Chains Are a Parra of Layer One Block Chains
Polkedot was designed to function as what is called a layer zero multi chain network. The relay chain in itself does not natively support smart contract functionality, and it only handles a handful of transaction types. Parra chains are all those divers layer one block chains that run in parallel on both the polcadot and cusama networks,. connected to and secured by the relay chain. Now, pogedot's innate cross chain composability allows for any type of data or asset to be transferred between power chains through a system called cross chain message passing (x c m p) This opens up a new horizon of use cases and potential applications in decentralized finance, gaming, nfts
Play episode from 02:03
Transcript
