The leading web3 protocol has launched a messaging system dubbed XCM to enable communication between parachains.
Cross-chain interoperability protocol Polkadot has announced the launch of its messaging system dubbed XCM to allow communication and transfer of digital assets between its parachains.on Wednesday, the project noted that messages sent across XCM channels are fully secured at the same level as its Relay Chain, unlike other bridging systems that create a “weakest-link problem.”
“Parachains, which support a wide range of use cases and protocols – and already benefit from shared security – can now use XCM to transfer any asset, token, or data among themselve,” the project said in the release.Aside from allowing interoperability between parachains, XCM was designed to support messages between smart contracts and Substrate runtime modules, commonly known as pallets.
With the launch of XCM, Polkadot said it has been able to fulfill its foundational objective to become a fully interoperable multichain ecosystem.
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