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They are passive participants and are elected to fulfill two essential governance roles: making referenda and vetoing harmful or risky referenda. They provide security to the relay chain by taking part in a consensus process with validators, confirming proofs obtained from collators, and staking DOTs.With the number of blockchain protocols currently being developed, it is essential to know their goals as well as their USP and the issues they address. One of the major issues that blockchains have is their inability to interoperate. This is due to the inability of blockchains to communicate with each other because of their siloed architecture. Let's consider a straightforward illustration to grasp the issue of interoperability. If you are an avid gamer and gaming, you'll know that it's not possible to use games on Xbox games on PlayStation and vice the other way around. In order for a game to be compatible across Xbox and PlayStation, the game must be developed in two distinc

Innovation in the field of blockchain is vital for providing users with better use-case-specific blockchain networks. Although most second-generation blockchains such as Ethereum are able to address the issues of first-generation blockchains remain a major obstacle. Polkadot is a solution for the issue of interoperability with the ability to connect different diverse blockchains that were created as Parachains. Polkadot also enables interoperability between Parachains as well as external chains such as Ethereum by using bridges. In addition to facilitating interoperability between Parachains and other blockchains, Polkadot bridges act as a connection layer that allows businesses to communicate with and access real-world databases, or those that are not blockchain-based. Polkadot allows for diverse dApp development as well as blockchain ecosystem development, with these advantages. Smart contracts are essential to the regulation of a blockchain or app. Why should you pick Polkadot to d

The NFT sector is flourishing and virtually every blockchain allows NFT marketplace development in its ecosystem. With these marketplaces operating on various blockchain networks, the necessity for cross-chain compatibility with NFTs is crucial. If NFTs aren't interoperable, their trading and value are restricted to a single market only. Incompatibility between NFT marketplaces is among the major reasons hindering the widespread adoption of NFTs. Thus, NFT traders look for an online marketplace that works with all NFT projects. To be aware of such requirements, Polkadot provides users with an open protocol for a network that allows sharing of any resources, data, and tokens. An NFT marketplace developed by Polkadot allows interoperability with a variety of blockchain networks. It allows the production of interoperable NFTs which allow traders to trade tokenized versions of their assets across the globe. What exactly is what is an NFT Marketplace? NFT Marketplace is an online market