Will Polkadot (DOT) price reverse course now that cross-chain messaging is live?
DOT price could find reason to rally now that cross-chain messaging on Polkadot brings new interoperability, liquid staking and options to mint aUSD stablecoin. Development within the Polkadot (DOT) ecosystem has been slowly unfolding over the past year and a half, and the work put in by developers is finally starting to bear fruit as parachain auctions finish and the first chains launch on the mainnet. The next phase of interoperability within the ecosystem is set to kick off now that cross-chain functionality is about to go live. This next step will allow Polkadot-based parachains to....
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PRESS RELEASE. IOST has announced it is now at the final development stage for building a cross-chain transfer bridge to the Polkadot Ecosystem. The move is part of IOST’s plans to promote its cross-chain interoperability, bringing tremendous value for IOST users & developers and drive bigger adoption scenarios for its blockchain, according to a blog post on 5 March 2021. IOST Joins Forces with Polkadot In a bid to make its decentralized solutions available across multiple blockchains, promote trust and data sovereignty for users, IOST, the Proof-of-Believability smart contract....
It's been almost one year since the start of the ecosystem's signature parachain auctions. According to data from programming repository GitHub, Polkadot recognized more than 500 contributions each day in September — an all-time high for the multichain protocol. Simultaneously, data from Polkadot's cross-consensus interoperability standard XCM show that a record 26,258 messages were sent between its parachains. In total, 14,930 developers' contributions were recorded on Polkadot's GitHub in the month of August.As told by project developers, 66 blockchains are now live on Polkadot and its....
Bridges have become one of the largest points of failure in the crypto industry. Polkadot wants to do away with them. Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks. The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. XCM channels are said to be secured at the same level as Polkadot’s central hub, dubbed Relay Chain, and are also....
GLMR could be a top contender in 2022 if Moonbeam’s planned interoperability with the Ethereum Network is a hit with investors and developers. Cross-chain compatibility with the Ethereum (ETH) network has become a necessary component for any layer-one protocol looking to remain relevant because a majority of projects and funds locked in smart contracts are found on the top-ranked smart contract platform. After years of development and promises of interoperability, the Polkadot network moved toward its first Ethereum virtual machine (EVM) compatible smart contract protocol with the launch....
Relite is a decentralized, cross-chain lending protocol built on Polkadot. Relite aims to provide a platform where lending and borrowing is accessible to all and isn’t limited to any one blockchain. This cross-chain lending platform will enable users to lend and borrow with their native crypto in one protocol; something that the DeFi market is […]