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polkadot.bsky.social
Polkadot
@polkadot.bsky.social
Polkadot is a sharded protocol that enables blockchain networks to operate together seamlessly.

https://polkadot.network
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
XCM v3: Breaking New Ground for Web3 Interoperability
An exploration of Polkadot’s cross-consensus communication format and the latest features of XCM v3.
t.co
April 21, 2023 at 4:27 AM
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.
April 21, 2023 at 4:26 AM
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.
April 21, 2023 at 4:26 AM
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).
April 21, 2023 at 4:26 AM
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.
April 21, 2023 at 4:26 AM
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.
April 21, 2023 at 4:25 AM
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.
April 21, 2023 at 4:25 AM
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.
April 21, 2023 at 4:25 AM
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.
April 21, 2023 at 4:25 AM
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.
April 21, 2023 at 4:24 AM
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.
April 21, 2023 at 4:24 AM
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
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.
t.co
April 21, 2023 at 4:23 AM