The world of cryptocurrancy is changing and it's an exciting time to be involved with the new Bitcoin just around the corner.
It's important to note when I say the new bitcoin I don't mean the new $50,000 coin, I mean the next coins that are going to create overnight Millionaires. I just don't know which one, yet.
Interoperability
Ok ok, I'll shut up about Polkadot but this next part is important to any investor. Interoperability what is it? Ease of Use in other words. One place all cryptos. Straight in straight out not thinking about fees, codes or wtf am I doing? How do I stake this? I can't what? Damn! Just lost coins because I in-put a wrong digit.
Giving access to mum and dad investors and the tech uninformed is huge!
Layer 2 Value
So what does this mean for investors? Traditionally value of a token was in it's Layer 1 coin such as Bitcoin, Ethereum, Uniswap etc. That was the entire block chains value and investors who invested in it's Layer 1 token typically saw decent ROI and HODL became a thing.
This new era that we are entering is about to change all that and that's the importance of parachains. Tokens like Polkadot will still be of value but don't anticipate it hitting $50,000 any time soon. Yes it may continue to increase in value but the whole point of parachains is to provide autonomy to the projects that build on it's networks.
Parachains have a main chain that run the network, provide security and do all the heavy lifting. The parachains provide projects with the full autonomy to run their own ecosystem inclusive of fees and set their own parameters.
Polkadot chargers a small fee to undertake the operation but it is not designed to amass wealth in fees for anyone other than the ecosystem it is supporting.
This is going to provide unhindered growth the layer 2 tokens that build on parachains. Quite the opposite to ERC20 and BEP20 tokens which are at the mercy of their main coin (Ethereum, Binance) a fluctuation in main parachain coin will have 0 impact on parachain projects.
**Freedom to grow **
This change will allow developers to continue working on projects and not have their investors impacted by rapidly changing fees such as GAS. It also removes the factional disputes from miners who in some instances have taken over block chains and impacted projects. This will create stability and market confidence that when you drop $1000+ dollars on a project the majority of it is going to the project you want to support.
Parachains ARE going to unleash an entire new world of cryptocurrancy and projects where the "store of value" or "growth" won't be the mainnet token, it will fluctuate between different parachains.
In my opinion in order to maintain a healthy, stable economy that ensures growth this is a better model. It is evenly dispersed and not One ring to rule them all approach.
This is the next big leap
Exciting times!