Polkadot

The Cryptonauts NFT collection, with multidimensional utility in the Mandala Metaverse, is coming to Polkadot, minting on Astar, next week!

Full details: https://enterthemandala.com/index.php/cryptonauts

XCM v3: Breaking New Ground for Web3 Interoperability An exploration of Polkadot’s cross-consensus communication format and the latest features of XCM v3.

13/ Check out this blog for a more technical breakdown of the virtues of XCM. If you are ready to start building your breakthrough Web3 product, get in touch here: https://t.co/IZGNvsfUgU

12/ XCM also eliminates double-spending risk: Messages sent, received, & dispatched within Polkadot or over its trustless bridges are guaranteed. By adhering to a standard format, XCM is independent of protocols, has fewer dependencies, and breaks less often than legacy chains.

11/ XCM v3 also connects blockchains to smart contracts that run on different virtual machines, substrate pallets, and over bridges. It can even connect networks with different consensus mechanisms. Use it to connect a PoW network like Bitcoin with a PoS network like Polkadot.

10/ XCM eliminates boundaries between networks: Self-sovereign data & assets can be used to access services no matter which blockchain they live on. Users can use their assets (e.g. gaming, collectibles, NFTs) in other products & move between ecosystems (e.g. ETH <> DOT).

9/ Besides stifling innovation & adoption, platforms that don't support native interoperability are a security risk: inter-chain messages are often hacked. Since Polkadot shares the same security with the entire network + connecting channels, cross-chain messages can’t be hacked.

8/ A siloed product can't adapt quickly enough, so it's nearly impossible to take over new industries or expand into different markets. Users also look elsewhere when products aren't updated quickly enough to fix bugs, evolve and stay up-to-date with the latest trends.

7/ Instead, chains in the Polkadot ecosystem can access services from each other. They enjoy a faster time to market since they can focus on what’s important and build lean, modular, high-performing products, across any consensus system.

6/ Builders on Polkadot, therefore, have a huge advantage over closed ecosystems. They can launch interoperable products faster and maintain them easily, and tap into several ecosystems, rather than being stuck in and therefore dependent on their native ecosystem.

5/ Polkadot has one of the most active developer communities in blockchain, connecting a growing ecosystem of 600+ projects building the next generation of blockchain apps and services. More than 20,000 XCM messages are sent per month on the network.

4/ Choosing the right network is crucial. Without native interoperability, partnering with other chains and integrating cutting-edge Web3 services is simply not possible. This means everything must be developed from scratch, increasing development costs & time to market.

3/ XCM messages are computer programs sent from one location to another. They can store any data, making them ideal for cross-chain applications. Chains can not only leverage each other's chains but program each other in ways that are impossible on legacy networks.

Cross-Consensus & Cross-Chain Messaging | Polkadot XCM unites blockchains & unlocks siloed networks. With XCM, Polkadot enables secure cross-chain messaging, exchanges and transfers of any type of data.

2/ With XCM, Polkadot has created an ecosystem of dynamic, interconnected projects that can collaborate with each other, build apps spanning multiple chains, and create multichain DAOs. Learn about how XCM is a game-changer for Web3 projects.

https://t.co/taioTtBTaj

1/ Despite the great potential of Web3, blockchain technology hasn’t yet been fully realized. The siloed nature of blockchain networks makes it difficult for businesses and developers to collaborate and develop interoperable products. XCM is here to solve this problem.

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