The #World #Bank has prepared a new #blockchain report together with the International Monetary Fund's digital advisory team. "It is very difficult to compare #Polkadot with #Ethereum yet , " the report, which examined different blockchains . It was said.
The World Bank and IMF Digital Advisory Unit conducted a research on the connection paths between different blockchains . During the study, money was transferred between Ethereum and #XRP #Ledger networks via #Interledger, and how Polkadot could be combined with different blockchains was measured.
🚨"Promising future for the payment sector"🚨
As a result of the research, it was declared that the Interledger platform is a “promising technology for the payment industry” . Interledger, developed by #Ripple's former CTO Stefan Thomas; It is an open source protocol that enables money transfer between different blockchain networks.
Thanks to this protocol; A money transfer sent in XRP form can be delivered to the receiving party in ETH, USD or EUR. The researchers, who used Ethereum and XRP Ledger during the test, had a positive result.
"Not yet comparable to Ethereum"
Polkadot, known as the "Ethereum Killer" , can combine different blockchain networks at a common point. World Bank and IMF researchers have tested Substrate technology developed to make it easier to connect to the Polkadot network.
↘️It is stated that Substrate provides more flexible opportunities to blockchain developers than usual and the development process can accelerate in this way. However, it was stated that Polkadot cannot be compared to Ethereum, which has yet to "catch a good momentum .