Key Takeaways
- Polkadot has launched XCM, a “Cross-Consensus Messaging” format allowing communication between the network’s various parachains.
- With XCM’s integration, Polkadot is finally delivering on its promise of becoming a fully interoperable multi-chain ecosystem.
- The system has been audited and tested on Kusama, Polkadot’s pre-production testing ground.
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Polkadot has completed one of its most anticipated milestones: releasing the “cross-consensus” messaging format XCM and becoming a fully interoperable multi-chain ecosystem.
Polkadot Becomes Fully Interoperable
Polkadot’s long-awaited interoperability upgrade is finally live.
After passing community vote, v0.9.19 has been enacted on Polkadot. This upgrade included a batch call upgrading Polkadot’s runtime to enable parachain-to-parachain messaging over XCM and upgrading #Statemint to include minting assets (like NFTs) and teleports. pic.twitter.com/uqIB5di2Q1
— Polkadot (@Polkadot) May 4, 2022
Polkadot, the scalable, heterogeneous, multi-chain ecosystem developed by Parity Technologies, announced today the launch of XCM—a “Cross-Consensus Messaging” format allowing communication between the network’s various parachains. According to a Wednesday press release, XCM’s launch means that the network has achieved its goal of becoming “a fully interoperable multi-chain ecosystem.”
Polkadot is a blockchain network hoping to achieve interoperability by hosting a web of interconnected, modular, and independent blockchains called parachains. A separate network dubbed the Relay Chain sits at its core, which serves as the foundational security layer for its parachains. XCM, otherwise known as the Cross-Consensus Messaging format, is a language that enables communication between parachains, smart contracts, and Substrate pallets that give blockchains custom functionalities. Commenting on XCM’s release, Astar Chief Technical Officer Hoon Kim said:
“I see traditional smart contracts on isolated Layer 1 chains like setting up shop in a kingdom surrounded by walls. Then we have bridges which are like a trading route that first connected nations from nations. Now we have XCM, which is like a free trade agreement for blockchains. This is the natural future.”
Full cross-chain interoperability has been the Polkadot ecosystem‘s most highly-anticipated feature. It is the essence of Polkadot’s vision and has been on the roadmap since the project entered development…
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