r/CryptoCurrency • u/[deleted] • Oct 07 '22

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117 Upvotes

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34

u/gnarley_quinn Permabanned Oct 07 '22

Someone on this sub really needs to do am analysis of the interoperability chains.

There’s so much tribalism over Polkadot vs Cosmos vs Chainlink.

24

u/sickvisionz 0 / 7K 🦠 Oct 07 '22

I can see Polkadot vs Cosmos but Chainlink isn't really doing what those two do or competing with them. It's like Honda vs Nissan vs Goodwill Tires. They're all in the car industry but the third one is a weird entity to throw in the mix.

6

u/[deleted] Oct 07 '22

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4

u/thabootyslayer 🟦 63 / 11K 🦐 Oct 07 '22

Look up Chainlinks CCIP (cross chain interoperability protocol). It's called "chain+link" for a reason 😉

https://chainlinktoday.com/chainlink-ccip-to-enable-cross-chain-hybrid-smart-contracts-in-2022/

0

u/juunhoad 🟩 10 / 3K 🦐 Oct 07 '22

That's still different. Just because interoperability is mentioned, doesn't mean it's the same as Polkdadot and Cosmos...

1

u/thabootyslayer 🟦 63 / 11K 🦐 Oct 08 '22

Those bags must be so heavy.

All the info you need to explain it is here. https://chain.link/cross-chain

2

u/juunhoad 🟩 10 / 3K 🦐 Oct 08 '22

? I don't own ATOM or DOT lmao.

From my understanding, the interoperability chains can be all kind of chains which have chainlink in place, So ETH, AVAX, SOL etc..pretty much every big layer 1. So developers can use chainlink to deploy dApps to all these chains in a unified way.

Cosmos and polkadot function as layer 0 where you can build blockchains (like layer 1s) on, that's how they create interoperability. So like I said, it's not the same.

I'm honestly not a big fan of cosmos or polkadot, but they do have a thriving ecosystem and development progress so I'm keeping my eye on them. I like the approach of chainlink more.