In reality, it's about dApps leveraging the synergy between both approaches to scale.
π§΅π
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The focus will be less on βπ°π‘π’ππ‘ ππππ‘ π¬ππππ€ π’π¬ ππππππ«?β, and more on eliminating market inefficiencies and increasing overall composability in #web3.
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A #multichain approach can optimize security. However, it is extensive and cost-inefficient in most cases.
On the other hand, cross-chain solutions can be easily integrated, and offer fast execution, but the journey toward real decentralization is longer.
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Conclusion?
Cross-chain and multi-chain solutions need not be mutually exclusive. In fact, many #crosschain solutions are now facilitating the development of the multichain ecosystem.
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Very soon, we could see more of #Web3 strategies embrace both cross-chain and multichain approaches to scale.
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What're your thoughts on the multi-chain vs. cross-chain narrative?
Tells us about it and share your innovative ideas towards a connected Web 3, hereπ
Dependable communication between different chains is essential, meaning its necessary to be able to read and write data across blockchains efficiently.
That can be done using a Cross Chain Messaging Protocol, which we are covering in todayβs glossary term.π§΅π
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What cross-chain messaging does is assure participants on the target chain that the information comes from the source blockchain & that it is dependable.
The nodes on the initial blockchain must convince the nodes on the destination chain that the message can be trusted.
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That can be done using a cross-chain function call & relayer nodes.
A Cross Chain Function Call SDK code calls the Cross Chain Messaging Layer SDK code to determine the target blockchain & submits the information, and the Cross Chain Messaging contract verifies the source.
ZED RUN is a futuristic π horse-racing platform with each NFT representing a digital racehorse.
You can build a horse-racing empire in the #Metaverse filled with top pedigrees and the finest racers!
Collect, breed, and make strategy your game!
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At the same time, for #P2E games similar to ZED RUN, with massive micro-economies and hundreds of thousands of transactions every day β it is important to keep the user experience frictionless.
Composability accelerates digital innovation in Web3 much more rapidly than Web2 could ever achieve:
Unlike Web2, developers don't have to wait for a code to be unveiled after reaching maturity.
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Thanks to the smart contracts being composable, developers can build on top of apps (even nascent ones) because code is open and verifiable and trust is not required.