April 12, 2024

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Polkadot is a sidechain blockchain project. It has recently launched the 3rd version of the cross-chain messaging feature that is known as Cross-Consensus Messaging or XCM. The main function of XCM is to enhance its interoperability. Interoperability is a feature that allows a computer program to connect and communicate with others.

As per the developer, the update has been successfully merged into the master branch of Polkadot. Polkadot founder Gavin Wood has announced the addition of the upgrade code in the GitHub repository.

Polkadot Ecosystem

The developers of Polkadot have been working on the project for 15 months. They have reported that the latest version is also compatible with the Polkadot ecosystem.

As per the devs, the XCM version offers the option to move cryptocurrencies between different blockchains. The devs have confirmed that it has now Polkadot has upgraded its cross-chain features to gain traction and enhance the blockchain utility.

The devs have told the media that the new version is not only going to enhance the interoperability of the blockchain but will also apply to NFT usage. It is important to note that the central objective of the new version is to improve the programmability of the blockchain.

It is worth noting that the Polkadot blockchain is focused on providing a sidechain facility for blockchain projects. Using this blockchain network, one DeFi protocol can connect and communicate with others.

The project has managed to gain considerable traction among cryptocurrency investors and tech enthusiasts alike.

It is the brainchild of one of Ethereum’s co-founders, Gavin Wood. The project has shown consistent growth since its inception in 2020.

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The developers of Polkadot have told the media that the latest version of this blockchain is going to introduce some interesting features, such as locking tokens on a single blockchain and being able to unlock them from another blockchain network.

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