How Does Polkadot Compare And Compete Against Cosmos?

About Polkadot and Cosmos

Polkadot is a multi-chain application environment created in 2016 by Petr Czaban and Dr. Gavin Wood, one of the Ethereum co-founders. The open-source blockchain protocol connects different blockchains into a single network. Polkadot supports both private permissionless blockchain and open, permissioned public blockchain. The current DOT to USD exchange rate now stands at 25.5 USD.

1. Interoperability

Interoperability is the accessibility of data across various networks. A use case would be using an Ethereum contract to complete avalanche transactions using the Polkadot network. The design of inter-blockchain communication is quite different in Polkadot and Cosmos.

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