Polkadot has a novel take on interoperability that is many years in the making. They have decided to unpack the technical and philosophical architecture behind the network by Introducing the League of Parachains.  It just looks like the League of Parachains is derived from the League of Nations.

Ninos M on the open questions for the Polkadot Experiment:  How will the economic value of the Parachains be distributed? How will Parachains coordinate with one another? Given their collective destiny, will they be able to effectively collaborate and avoid the tragedy of the commons?

Will we see conflict amongst the Parachains akin to conflict between countries with different strategic and political objectives? How will these chains compete not just amongst themselves, but with the L1s beyond Polkadot?

Will Parachains focused on interchain diplomacy (like Moonbeam Network) be able to successfully create alliances not just with the Parachains, but with the empires that extend beyond the ecosystem (such as Ethereum)?

Will we ever see the GDP of a single nation state (a Parachain) surpass the GDP of the collective (the Relay Chain)? Will the outsized success of a particular Parachain create the threat of secession, motivating a chain’s break from the L0 union?

Ultimately, we believe Polkadot is an incredibly novel and groundbreaking take on blockchain interoperability. What is perhaps the most profound contribution of Polkadot is the way it makes collective security a free market solution.

The League of Nations, formed in the aftermath of WW1, eventually failed. Polkadot is the first attempt to decentralize collective security, a scarce resource that can be bought and sold by the open market — ultimately captured by Parachain churn.

We are excited to continue deploying capital not just in emerging Parachains and the tooling that underpins them, but into applications building on each respective L1. We are proud to be early backers of Moonbeam Network, AcalaNetwork, SubQuery Network, efinityio, and Polkaswitch.

The Polkadot project is ultimately an attempt to balance the free market customizability of L1s with the unified internationalism of shared security the League of Parachains.  A giga GM to Omar Yehia from our team who lead this entire project.

Those who want to know more about The Parachain Pioneers, Layer 0, Layer 1, Parachain customizability, built in interoperability, unique economics should check the original tweet that is way too long; however, useful for those who are willing to know more about the technical side of: By separating state from application, each L1 can focus on its own customizability, unlocking: (1) Parachain customizability without sacrificing security (NATO) -> collective security (2) Built-in interoperability between different Parachains (WTO) -> comparative advantage.