Polkadot and IOST Struck a Deal for Breakthrough in Crypto-Verse

Polkadot and IOST Struck a Deal for Breakthrough in Crypto-Verse

Crypto News News
March 6, 2021 by Elias Powell
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It was some time ago when IOST had announced that it was going to surprise its entire user-base with a new service they were soon going to launch. Following the initial news, the development team at IOST had revealed that they were going to work onto building a bridge between their protocol and Polkadot. However,
Cryptocurrency

It was some time ago when IOST had announced that it was going to surprise its entire user-base with a new service they were soon going to launch. Following the initial news, the development team at IOST had revealed that they were going to work onto building a bridge between their protocol and Polkadot.

However, the development teams at IOST have announced that they are now in the final stages of the development process. Once done, the team will have successfully built a connection with Polkadot Ecosystem through a cross-chain Transfer Bridge.

The IOST platform had announced that in order to achieve interoperability on cross-chain protocols, this step was extremely necessary. With the launch of the new service, the platform will be able to provide a new position to the entire crypto-sector.

The firm revealed that the particular project holds really high value and is of a lot of significance. Once launched, it will be considered as one of the top breakthroughs by the IOST team as well as the entire crypto-verse.

This would project wouldn’t just prove useful for the developers, but it will also hold huge significance for the users on the IOST platform. Most importantly, the launch of the new service would bring in more user-base, opportunities, and exposure to the blockchain network.

The information around the announcement and launch of the new service was made by the IOST team on Friday, March 5, 2021.

Ever since the launch of the IOST platform, it has been involved in a lot of activities in order to facilitate its users. The firm has spoken a lot about the possibilities of making the platform available through cross-chain platforms. With its technological breakthrough and success, IOST aimed to become one of the most innovative and advanced platforms in the crypto-verse.

On several occasions, the firm had revealed how interested it was to introduce a service that was available through several blockchain networks. Most importantly, the service available through different blockchain was also decentralized in nature.

A few more elements that the firm kept in mind when expressing its intentions for the platform included data sovereignty for users and the promotion of trust among the stakeholders.

This is the reason why IOST got into a partnership with the Polkadot in order to achieve the goal. Polkadot has recently emerged as one of the most innovative and attractive blockchain networks in the crypto-blockchain industry.

Polkadot is known for promoting cross-chain interoperability all across the blockchain networks. So far, several distributed ledgers have gotten used to the idea and have also adopted the platform. With time, many platforms have started making deals with Polkadot in order to promote cross-chain interoperability.

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