As we learned earlier that the Relay chain helps in setting the synchronization between the multi-chain system and looks after its operability, it also helps in the functioning of parachains, which we have already discussed in our previous blog.
Polkadot runs several code execution slots at one time, these code executions are made to have one process at a time, therefore Polkadot issues two types of slots subscription methods which are Parachain and Parathread.
Parachain is said to operate regularly, which runs faster and keeps slots reserved for their chains. Whereas Parathreads is said to operate frequently, and slots sharing is done on a group basis, Parachains are unregulated, but they only need a proven validation for their transaction process. If you want to invest your money in bitcoin, then https://bitcoinsecret.app/ is the right option for you.
What is a Relay Chain?
Polkadot is an asynchronous ecosystem where heterogeneous chains are unified, and it runs a coordination system to manage different types of execution.
To have the legitimate solution for the management of several blockchains, Polkadot ensures the interoperable system in its functioning, that is Users must be satisfied while using bitcoin and interchanging it to Ethereum without losing any data and processing value.
So! Therefore, to optimize this problem and make it more user-friendly, Polkadot uses the two models of interoperability:
· Exchangeable Crypto assets: Converting Bitcoin into Ethereum or reversing Ethereum into Bitcoin. This feature is very helpful to exchange digital assets from heterogenous blockchains without any intervention from third parties.
· Exchangeable transactional data: This feature helps to create a hybrid version of one asset chain which is made to bring some effect in the operation of other chains in the ecosystem.
Relay Chain is one of the examples which is known as the technical method of exchanging data from one chain to another chain, it helps in the self-verification of chains instead of depending upon another medium of validation.
Relay Chain Bridge
Relay chain bridge is based on ChainSafe Technology with a custom code for bringing better safety protection and an established platform. Relay chain bridge is very useful in:
· Cross-chain transfer: Relay bridge acts as the joining medium between the two different chains where a user makes a transaction in the different chain using its digital wallet and receives back the money on his native chain
· Token minting: Token minting takes place on its native chain and also sometimes a multi-chain token is minted which can work on different types of blockchain transactions.
· Token Release: Relay bridge helps release new tokens from their native or destination chain, the same chain where it was minted, burnt, and locked during a transaction period.
Liquidity pools for Relay Chain
Due to the relay bridge mechanism, liquidity is generated in the chain, because several transactions from different blockchains occur via relay tokens and native chain tokens. However, the relay chain is better operated with the blockchains which have fast consensus mechanisms and good liquidity bridging,
Here, we are listing some popular liquidity pools for the Relay chain which are combined with it to be run smoothly on different networks:
· AVATAR-MOVIE
· ETH
· MATIC
· DOT
· BSC
· HECO
· FTM, etc.
According to the latest news, IoTex and Relaychain are combining to support the liquidity bridge for all the DeFi cross-chain swaps.
The Bottom line
Relay chain provides a popular and reliable medium for popular blockchains networks to interact through their Defi system with Machine-fi, it supports the fast and secure cross-chain swapping between the web of heterogeneous chains and also enables a property of self-verification among the chain validators without any need of the third party.
