Establishing a framework that will allow blockchains to work together to develop powerful, lasting real-world use cases is one of the most important principles for the blockchain space going forward.
But relying on bridges to connect with other chains has inherent security risks, and a number of recent costly failures have been reported. In fact, where once crypto exchanges were the main point of attack, hackers now appear to have a new favorite target, blockchain bridges.
With Polkadot’s XCM (cross-consensus messaging), a new standard is emerging: one that puts security at the top of the agenda, but without compromising on the importance of making the process seamless and user-friendly.
The first functional iteration of XCM was rolled out in May, allowing parachain partners within Polkadot and Kusama to open up channels and transfer data between each other.
Many of these parachains are already preparing for a new era of interoperability by designing innovative new cross-chain applications and services.
Giving applications the ability to span multiple blockchains allows them to leverage the key features and strengths of each for new interoperable use cases.
Speakers:
Ingo Rübe - Founder, Kilt Protocol
Ryan Huttman - Lead Software Engineer, OAK Network
Dakota Barnett - Founder, InvArch
Moderator:
Natalie Tillack, Product Marketing, Parity
During the discussion we will explore:
The fundamentals and advantages of XCM
Its capabilities, in both the long term and short term
How XCM benefits the speakers’ individual projects and roadmaps
XCM’s vital importance to the future health of the Polkadot ecosystem
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Polkadot is a scalable, interoperable & secure network protocol for the next web.
Polkadot allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security.
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