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Coinmetro Token

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r/CryptoMoonShotsSee Post

What about a DEX with limit orders, no gas fees and 500k tps? Meet Polkadex

r/CryptoCurrencySee Post

New 60c floor price on Coinmetros XCM

r/CryptoMarketsSee Post

Everyone is praising Polkadot, but what aspects or areas do they need to improve on?

r/CryptoCurrencySee Post

What coins would you DCA into if you would aim for a monthly DCA strategy until 2025

r/CryptoCurrencySee Post

Polkadot may seem quiet now but I believe one day the ecosystem will start to grow exponentially, bringing in new users every day.

r/CryptoCurrencySee Post

Psyched about Polkadot XCM

r/CryptoCurrencySee Post

XCM goes live on Polkadot. This is a huge step towards true interoperability between blockchains.

r/CryptoCurrencySee Post

Polkadot Ecosystem Goes Multi-Chain With XCM Launch

r/CryptoCurrencySee Post

Major Polkadot Upgrade Today

r/CryptoCurrencySee Post

Coinmetro Unveils New XCM Staking; Burning Tokenomics

r/CryptoCurrencySee Post

What do you think about Coinmetro?

Mentions

GLMR and MOVR. Polkadot and XCM are going to become the standard and moonbeam will make it easy for evm dapps to migrate to the DOT ecosystem.

That’s understandable, it’s a complex project. But if you get Algorand I’m sure you can get Polkadot. Sometimes audio is better, here’s GW recently presenting and explaining a bit further XCM3 in New York in a relaxed setting, I feel it was way easier to understand with his words: https://youtu.be/K2c6xrCoQOU

Mentions:#XCM

Polkadot XCM is already working.

Mentions:#XCM

The absolute irony that Polkadot with XCM and Cosmos with ICB, both protocols which are designed to avoid insecure bridges with their cross-chain communications, still ends up getting exploited by a bridge. They work fine within their own ecosystems but still need bridges between them. You're only as strong as your weakest link.

Mentions:#XCM#ICB

> Polkadot with XCM is today what Ethereum 2.0 was supposed to be. in what sense do you mean that?

Mentions:#XCM

DOT released its XCM on schedule....

Mentions:#DOT#XCM

I see. Well the off chain orderbook node and the possibility for any parachain to submit orders through XCM are also cool features for scalability and liquidity. Yep filled a bag while prices are at ATL, to me seems like the most solid 10M mcap project I've come across.

Mentions:#XCM#ATL

FYI it's being considered to add a layer of minimalstic Webassambly smart contracts to Polkadots runtime. Apparently it's in discussion for when XCM is finished. It will be a new level of abstraction, as it will be smart contracts of blockchains, instead of within a blockchain. I'm honestly not grasping all the complexity of it as Polkadot is already complex as it is. It was discussed in one of the confs of the last decoded I believe.

Mentions:#XCM

I’m not a die hard fan but from what I can tell things are still in development. aUSD launching was a big deal for DOT. Last big news I saw was the completion of XCM which will enable cross-consensus communications. The Parachain auctions probably didn’t go as planned. Then the bear market hit which has obviously affected every project. But there’s been loads of talks at the Decoded event. There should be a wealth of information coming out of there soon, if the info Isn’t out already!

Mentions:#DOT#XCM

LoL, this question is so...flawed Crypto is not one thing, it is just the basked of bunch of blockchain coins and tokens Bitcoin is a commodity, 100%, almost no reason to assume it is a security Ethereum can be argued that it is a security but again it most likely is a commodity Angelblock nfts, built on etherem, are most likely security, as they were used for fund raising and was built upon a commodity BNB, FTT,XCM are most likely securities, and they are kinda used as so

Mentions:#BNB#FTT#XCM

Not sure if flare protocol is similar to IBC or XCM but it is built on consensus protocol through state connector attestation providers. Can have a read here [https://medium.com/flarenetwork/the-state-connector-is-live-on-songbird-b0e45edfbcbb](https://medium.com/flarenetwork/the-state-connector-is-live-on-songbird-b0e45edfbcbb) Then, at the moment I read their F-Assets will be supporting the blockchains I mentioned earlier. Further developments will be expected in future as they roll out.

Mentions:#XCM

Do they allow transfer of native assets b/w blockchains? Or do they only enable wrapped assets. Also, do they have a protocol similar to IBC or XCM?

Mentions:#XCM

Better interoperability protocols so that we don't need bridges, which are all too often insecure. Cosmos IBC, Polkadot XCM, Algorand State Proofs, Ethereum Verkle Trees and thin clients, etc.

Mentions:#XCM

I think anything with "reward" tokens is just a way to light up quickly then die, a leveraged pump, unlike Kaddex or Uniswap which have governance and basically provide some value, the reward points base everything on ponzi I am not sure i heard about Voyager nor know what exactly it is besides it being a CEX, but if it has a reward token you best get out, the only other one I can think of is XCM which is cool and does good

Mentions:#CEX#XCM

This is just a data standard “XCM cannot actually send messages between systems. It is a format for how message transfer should be performed”. Ethereum L2 will actually have shared sovereign security, which is much more powerful. Polkadot is working towards this too. Ethereum has dropped computational sharding from the roadmap in 2020 in favour of scaling via roll-ups instead.

Mentions:#XCM

You should definitely research Algorand, there's a reason it's talked about so much. As for Polkadot, it's really not the same. They have XCM so parachains can natively communicate with each other: https://wiki.polkadot.network/docs/learn-crosschain Also, asI mentioned Polkadot is upgradeable without the need to fork. Is the merge going to allow for that with ETH? I think they're far from it. They aren't even implementing sharding yet with this change. I'm still confident in next-gen tech. Not so much on ETH.

Mentions:#XCM#ETH

Algorand's State Proofs. Ethereum's Verkle Trees. Thin clients. Cosmos Hub's IBC. Polkadot's XCM. All these protocols have the same purpose: to reduce reliance on untrustworthy bridges. Many developing chains are moving towards this path.

Mentions:#XCM
r/CryptoCurrencySee Comment

XCM keeping my portfolio above water. Got to love that 60c price floor

Mentions:#XCM
r/CryptoCurrencySee Comment

Cosmos' IBC is the communication protocol, the Polkadot equivalent is XCM (cross chain messaging). Cosmos SDK would be analogous to Substrate. IBC is a general protocol, so while it works with Cosmos SDK chains out of the box, it can connect to any chain with fast finality (though it might be harder for some). XCM, on the other hand is meant for communication only between substrate chains. But soon this won't be a huge factor for projects choosing where to build their chain because there is an IBC client being built for Polkadot (so both the IBC and XCM ecosystems can interoperate. +IBC client being built for Near, maybe Avax in the future, and some sort of IBC infrastructure for Ethereum and Solana.) If you want to compare them further, you could compare execution environments: Cosmos' CosmWasm with Polkadot's EVM+. Consensus wise, I think Polkadot's consensus mechanism is really interesting with the weighted rewards and rotating subsets, Cosmos' tendermint is pretty straightforward. For governance, I'm not familiar with how Polkadot does it. Governance on Cosmos chains has been ideal so far (in-protocol delegation and governance is important imo, and works really well together). Philosophically, I prefer the freedom that Cosmos gives. Overall, I always like to frame Cosmos and Polkadot as collaborators rather than competitors.

Mentions:#XCM
r/CryptoCurrencySee Comment

I'm leaning more towards Polkadot because of how easier it is to use Substrate (I can use it and I'm not even versed in computer languages nor programming) and with XCM/XCVM V3 working on its way into full production, interacting with other networks already connected to the relay chain, including Ethereum, just seems like a no-brainer. Polkadot Parachains are doing all the hard work, so most developers on chain don't have to. Once all the parachain slots have been filled, the bridge between Kusama-Polkadot is completed, all the networks are up and running, it's going to be a haven for developers.

Mentions:#XCM
r/CryptoCurrencySee Comment

Last crash also did not have a recession coming, a war going on that affects hundreds of millions, a food shortage close, and a lot of different stuff which affects the economy in ways we don't even know If you want something a bit more properly, Get things with cash flow or floor prices like XCM or Angelblock, obviously nothing is safe in a recession or "depression" but these usually fare a bit better and if they have cashflow they will resist alright The fear of a recession creates the recession itself tbh but thats another story for another time

Mentions:#XCM
r/CryptoCurrencySee Comment

After 1000% growth in most metrics a new XCM price floor has been introduced. Previous price floor was maintained

Mentions:#XCM
r/CryptoCurrencySee Comment

Well in contrast with Cardano that keeps promising, Polkadot has delivered already - Parachains are being launched since late last year, going full speed ahead, and XCM works as intended. The more the environment matures, the more DOT becomes valuable, as more projects will want to deploy on Polkadot, and the current projects will also have to pay to keep their slots. Each chain has its own coin tho, so it's not like ETH that's used for every tx. Polkadot today is what the original Eth 2.0 wants to be.

Mentions:#XCM#DOT#ETH
r/CryptoCurrencySee Comment

I always thought XCM is the coinmetro currency...

Mentions:#XCM
r/CryptoCurrencySee Comment

You're still talking about adoption and price instead of technology. If you want to talk about adoption, all of crypto is a **Keynesian Beauty Contest**. Investors do not buy what has the best technology and design; they buy what they think others will buy. That means: Bitcoin, Ethereum, and possibly Dogecoin. The retail crypto community does not care about or understand technology at a deeper level. When I say technology, **I mean giving everyone an equal starting point**. Bitcoin could not compete against Litecoin, Ripple, or even Bitcoin Cash if they all started at the same time. Why am I using a lot of weird Jargon like DLT, DDOS, EVM, deterministic finality, etc.? Because it would take me a paragraph to explain each of them. And because if you read a ton of documentation, they all use technical terms and theirs explanations much more complicated than this. I'm already ELI5'ing their documentation. Good luck reading Cosmos or Polkadot documentation. Those platforms are built for developers, and I think it's so silly there are so many retail users buying their utility tokens without understanding their purpose. This is why so many users could not tell Terra was house of cards. If they sound marketing terms to you, it's because you don't understand them. If you ever read posts by Vitalik, he goes way beyond these simple concepts all the time, and they're all meaningful, not marketing BS. ---- **Blockchain Purpose** **Every platform has strengths and weaknesses, and they have different purposes**. Litecoin is not competing against Ethereum Layer 1. Polkadot is not competing against StarkNet/ImmutableX. They serve different purposes. Avalanche ecosystem, Polkadot ecosystem, Cosmos SDK/Cosmos Hub, Ethereum ecosystem, Algorand, Litecoin, are all excellent, but they excel at different things. A monolithic blockchain like Avalanche's X-Chain will never beat Ethereum's ecosystem at multi-layer applications, and vice versa. **Algorand's strengths** In the category of **decentralized monolithic smart contract blockchains**, Algorand and Avalanche's C-Chain are king. Both can do 100+ TPS with smart contracts with 2-5 second deterministic finality. Thus, they can do swaps and DeFi transactions in the typical time of traditional Point-of-Sales merchant transactions. Once you get closer to the 8-10 second range, it's no longer good for point of sales. Other EVM-compatible blockchains like Cosmos SDK and Tendermint ones are all have 6+ second finality, and it's even slower for smart contract transactions. Algorand's biggest selling point is that **every transaction is 0.001 Algo**. There is no gas. Sometimes smart contracts get to 0.002 Algo, but that's pretty rare. It can already do 1000 TPS (tested), all smart contracts, and the transactions would still be 0.001 Algo. Not even Avalanche's C-Chain is that fast/efficient. EVM-based smart contracts will never be this efficient because EVM smart contracts use a turing-complete VM. To do a simple swap, Ethereum has to use a hashed time-lock contract, which is computational expensive. Whereas for Algorand, it's just a simple transfer. It's practically immune to MEV attacks. More complex smart contracts (Layer 2 smart contracts) are completed out-of-band with a randomized validator set, and broken down into simple Layer 1 smart contracts. Thus, a 3-way swap only costs 2x 0.001 Algo transactions. If Algo's price rises 1000x, it's a simple governance change to reduce transactions costs back to reasonable fees. Theoretically, Algorand could scale to 50K TPS with larger blocks and block pipelining (similar to what Solana is already doing and what Cardano is researching). But that's not now, and that's not tested. So I'm only quoting it as 1000 TPS because we know that's possible. --------------- Comparing to other smart contract ecosystems: **Cosmos ecosystem** - Strength: Good for devs. It has 1 main selling: Cosmos IBC allows cross-chain communications within its ecosystem without relying on insecure bridges. - Weakness: It's a platform meant to benefit Cosmos SDK developers; it's not meant for retail users. You have to use IBC within the Cosmos Hub in order to take advantage of it. Your blockchain has to be IBC-compatible, so Proof of Work blockchains like Bitcoin and Ethereum PoW will never be able to connect to it without a bridge. Not natively as fast as Algorand. **Polkadot** - Strength: Great for devs of small blockchains who want to get cheap PoS validators. You can interact with other Polkadot Parachains via XCM cross-chain communications without needing insecure bridges. - Weaknesses: It's a platform meant to benefit Parachain devs; it's not meant for retail users. Most Polkadot Parachains aren't anywhere as efficient as Algorand. Moonriver on the Kusama experimental testnet has only ever achieved 50 TPS. Smart contract parachains and parachains that need their own consensus protocol need to provide their own validators for security. **Ethereum multi-layer ecosystem** - Strengths: It's multi-layered. Rollups automatically inherit security of lower layers, which makes them more secure than Cosmos Hub' and Polkadot's Layer 1 blockchains, and Avalanche's subnets. Upcoming Roadmap looks awesome. I'm very excited about Verkle Trees, but that could be years away. - Weaknesses: Layer 1 is slow as molasses and gas-expensive. Other faster Layer 1 DLTs could also do rollups in the future, making them much faster than Ethereum. Moving funds back to Layer 1 requires interacting with Layer 1. Limited cross-chain Layer 2 interoperability and split liquidity. Still requires bridges outside of the same Layer 2 ecosystem. I think most of these issues will eventually be mitigated over the next 5 years. Very vulnerable to MEV attacks. **Avalanche X-Chain** - Strengths: 7000 real TPS - Weaknesses: No smart contracts. A 0.001 TPS ghost town. It's really sad that Avalanche has this perfect non-smart contract blockchain that's better than every other non-smart contract PoW blockchain, and no one's using it. **Avalanche C-Chain** - Strengths: 100 real TPS. Up to 1000 max TPS (but not with EVM smart contracts) - Weaknesses: Monolithic. Can't scale further without sharding or multi-layered solution. Pretty much the same issue as Algorand, except that Algorand is already much faster. **Avalanche Subnets** - Strengths: Fast. Almost as fast as the current Algorand - Weaknesses: Does not natively inherit security. Pretty much pointless to join as an Avalanche subnet except that you're sharing its framework and infrastructure. I want to see someone successfully build a rollup on a subnet as a Layer 2 for Avalanche. That would make it better than Ethereum's multi-layer solution. **Polygon PoS** - Strengths: It can process real 1K TPS with a 2-second block time, so it's very fast. - Weaknesses: Is a sidechain; does not inherit Ethereum's security. High gas fees. More centralized than Solana. **Polygon rollup solutions** - Strengths: Unknown. Polygon Zero is likely faster than all other known ZK rollup solutions - Weaknesses: Possibly Vaporware. Polygon's team is following Google's playbook of starting multiple competing projects (6+) and seeing what sticks. StarkNet and Loopring can just copy its technology. **Solana** - Strengths: 1000 real TPS. Fast finality. (I haven't researched this deeply) - Weaknesses: So many outages. This is a deal-breaker considering its business/enterprise target audience.

r/CryptoCurrencySee Comment

Good question. > real life use cases are for Polkadot Absolutely ZERO, and that's perfectly fine by design. Polkadot is for developers, and retail users shouldn't be interacting with it. In fact, it doesn't even have smart contracts, and you don't really use the Relay Chain isn't meant to be used for general-purpose transactions. Your question should have been: What are the best real life use cases for Parachains or the Polkadot Ecosystem? In which case, the answer is: whatever its Parachain application wants. Nearly anything you can do on another blockchain network, you can do on Polkadot, just not necessarily as efficiently. You're looking at a minimum of 6-12s finality after its Asynchronous Backing update, which is slower than most newer Ethereum competitors. Probably a maximum of 50 TPS for smart contracts (if we look at Moonbeam as an Parachain example), which is ok competing against older Layer 1 technologies but slow for Layer 2+ protocols. It's too early to tell how well XCM protocol can increase interoperability and scalability.

Mentions:#ZERO#XCM
r/CryptoCurrencySee Comment

As a somewhat crypto veteran, I only hold BTC, DOT and 2 parachains (Moonbeam which I invested and Polkadex which I supported through the last crowdloan). Polkadot with XCM is today what Ethereum 2.0 was supposed to be. The quality of parachains have been surprising me time after time as well, really solid projects. The fact that DOT has the highest amount of developers after ETH confirms that. If Gavin Wood were doing PR like Charles or Terra, Polkadot would be fighting with BNB at this point. But instead he just builds and keeps a low profile. Finally regarding regulation, when it hits, Polkadot will come out a clear winner in the other side, as it has been built from scratch with regulations in mind.

r/CryptoCurrencySee Comment

I might have to read more about it since I don’t see how state proofs are better than XCM. As far as I saw it’s a one way bridging solution and it doesn’t allow for atomic two way transactions, which is the main objective of interoperability. Ada has no current solution on interoperability, no need to mention it.

Mentions:#XCM
r/CryptoCurrencySee Comment

Most of the discussion here is about gaming and how only one product can win. We are moving towards an economy where ownership of digital assets (media, tickets, membership and much more) is fully decentralized. There’s plenty of room for multiple low cost NFT focused platforms with near instant settlement. I think they both have a shot. Enjin will benefit from XCM and the growth of Polkadot. Still years away for any of this to take hold at scale though

Mentions:#XCM
r/CryptoCurrencySee Comment

I know Gavin Wood is focused heavily on developing Polkadot and getting XCM 3.0 audited and up and running, but what is Polkadot planning on doing to market the network?

Mentions:#XCM
r/CryptoCurrencySee Comment

tldr; Polkadot's (DOT) price rose to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as they assessed the launch of XCM, a messaging system that allows parachains — individual blockchains that operate in parallel inside the Polkadot ecosystem — to communicate with each other. DOT's gains also appeared in line with similar upside moves elsewhere in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#DOT#XCM#DYOR
r/CryptoCurrencySee Comment

Everyone is more interested in ATOM because it has higher price movement and the airdrops are essentially free and easy to use. Early investors were greatly rewarded. Everyone is just interested in the $$$. Polkadot has CONSIDERABLY higher levels of development, a more complicated staking/airdrop system, less price movement, higher inflation, but focusing more on their SDK/Layer 0 functionality, and current XCM/XCVM implementation. More technology driven (which imo is a better alternative than face value).

Mentions:#ATOM#XCM
r/CryptoCurrencySee Comment

Fundamentals are there, parachains are being deployed succesfully, XCM activated. To compare, it was just a theory on paper when it reached its ATH at 54 last year. Now its better than ever and showing that its following the roadmap without any flaw. So, no brainer for me.

Mentions:#XCM
r/CryptoCurrencySee Comment

Cosmos IBC does not provide nearly the same security as Polkadot XCM. Also, Polkadot is a metaprotocal which means it’s upgradeable through governance. Cosmos is not and requires forking to upgrade. [Here](https://wiki.polkadot.network/docs/learn-comparisons-cosmos) is a great write up explaining the differences

Mentions:#XCM
r/CryptoCurrencySee Comment

>n code and fix all the issues on ETH, however best and clever code does not a successful blockchain make. > > So they have the fastest growing dev community and working on the project and more and more milestones are being reached, XCM just launched but you are unhappy your bags are not pumping in a bear market?

Mentions:#ETH#XCM
r/CryptoCurrencySee Comment

Don’t forget the launching of XCM!

Mentions:#XCM
r/CryptoCurrencySee Comment

Post is by: Choice-Many-9550 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/umnjcu/polkadot_may_seem_quiet_now_but_i_believe_one_day/ I've been bullish with Polkadot ever since and now that it's regaining a foothold after a huge Drop Since ATH, I can't help but think about it's approach to solving the decentralized problem. And I think this approach will be proved superior in time. Right now, I'm looking forward to seeing how crowdloan works. When I read [this](https://bitcoinist.com/web3-foundation-and-zondax-bring-ledger-apps-to-polkadot-parachains/), I became even more excited because it seemed to be a fantastic opportunity to join in many projects. Polkadot continues to roll out of the parachains, giving people the opportunity to earn a ton of free tokens. XCM will soon rollout allowing parachains to communicate with one another and secure token transfers between chains, among other things. On the existing parachains that have won a slot, projects are presently being built and launched. These are just some random thoughts and I believe there is much more to come. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#GP#XCM
r/CryptoCurrencySee Comment

DOT by a mile. Best interoperability architecture in crypto. A proper sharded blockchain that actually works. No one else can claim that. XCM, no one else can claim that. Parachains, staking etc it's got it all.

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

Definitely not too late for DOT. Parachains are rolling out and XCM is officially live so the ecosystem can begin operating as one cohesive system. Personally super excited and bullish on the dotsama eco, with XCM enabled anything and everything is possible.

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

XCM just went live, have faith!

Mentions:#XCM
r/CryptoCurrencySee Comment

Any new feature is a boon, and the XCM is a really important feature though. In a bear market good news do not really boost the price, but eventually good quality project will emerge out of the bear market even stronger. Oh, for the shitcoins? Most out them will be obliterated.

Mentions:#XCM
r/CryptoCurrencySee Comment

tldr; Polkadot’s cross-chain messaging system, XCM, is about to go live on the mainnet. This will allow DOT to be transferred across various parachains. DOT can now be transferred to the DeFi-focused Acala parachain and deposited in its liquid staking contract in exchange for LDOT, which can then be used as collateral to mint aUSD. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#XCM#DOT#DYOR
r/CryptoCurrencySee Comment

Can we buy XCM ?

Mentions:#XCM
r/CryptoCurrencySee Comment

XCM is here 😎 DOT this is your time to shine

Mentions:#XCM#DOT
r/CryptoCurrencySee Comment

> Polkadot has enabled a messaging system called Cross-Consensus Messaging format (XCM). This allows all Polkadot-based blockchains to directly communicate with each other for the first time. > ...This setup is considered more secure than bridges alone, which can have centralized weakpoints and have often been hacked for significant amounts of crypto. Future iterations of the XCM will allow messages to be sent between parachains without needing to be stored on the Relay Chain. Interesting stuff. Novel approach towards strengthening the entire crypto ecosystem.

Mentions:#XCM
r/CryptoCurrencySee Comment

What is XCM?

Mentions:#XCM
r/CryptoCurrencySee Comment

Sharding uses what are essentially bridges to create interoperability. ETH using rollups and DOT using XCM. These methods of inter chain communication are better than bridges like cosmos IBC because they are secured by the layer 0 blockchain.

Mentions:#ETH#DOT#XCM
r/CryptoCurrencySee Comment

Post is by: FearBetter0710 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/uimu3h/psyched_about_polkadot_xcm/ Whether or not you're invested in Polkadot, I hope we can all get excited about Polkadot enabling its cross-consensus messaging (XCM) today. XCM is important interoperability infrastructure for the industry and is going to lead to immense innovation over the next few years. I look forward to watching both Polkadot's XCM and Cosmos' IBC change the game this year. The Blockchain technology stack will finally offer most of what we've been promised. And we're about to be discover things it can do which we never imagined. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#GP#XCM
r/CryptoCurrencySee Comment

Came here to say it. Parachains are live and XCM is up and running, the network has a stablecoin on Acala. The utility and value is only going to increase more from here.

Mentions:#XCM
r/CryptoCurrencySee Comment

Hell yeah, DOT just launched XCM the cross chain communication!

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

XCM should have been here when parachains went live ngl but better late than never Now the "fight" with Cosmos is gonna be more interesting

Mentions:#XCM
r/CryptoCurrencySee Comment

If we must. Polkadot is a relay chain, it won't directly have any TVL as that's not what it's used for. The parachains connected to DOT are all building TVL nicely including Astar, which had approximately 6x the TVL of Cardano within 2 months of launching. Either you have no idea how Polkadot works or you're greatly misunderstanding something else here. Anyway. You lock your tokens for 28 days if staked directly on chain. This improves stability and security of the network and really isn't a long time at all. Approx 55% of DOT is staked so it seems the majority don't mind at all. If you believe in the future of something what's 28 days, lol? If you believe security and stability is important then it's no hassle. See comment at the bottom about liquid dot staking 😉. The idea of slashing works perfectly in practice. In the entire time Polkadot has been live judt 2 slashings have taken place, both times all affected parties were refunded by the validators as the cause was errors on their behalf. Both times only fractions of stakes were lost and as I say both times everyone was fully refunded. Again I believe you don't really understand what you're talking about and most likely just repeating something you read somewhere. You do realise there has to be a punishment for bad actors on a network, right? You realise the only tokens on Polkadot that get burnt are spare DOT in the treasury that haven't been spent on governance proposals? Where on earth do you get your info from 😂 haha. Everybody knows about the first hack and that wasn't even on Polkadot 😂😂 when was the second that apparently took place? You're literally making stuff up. Definitely watched too much Charles. The whole idea of Polkadot is to build a superior model to what exists and that's been achieved in pretty much every aspect. It's not about being user friendly immediately, it's about building a superior model. So you precious people getting upset over a slashing model, locking tokens when staking etc just simply don't get the bigger picture. The users will come regardless. Oh and just to piss on your bonfire one last time, XCM went live on Polkadot today. Some parachains are lauching decentralised DOT staking service immediately whilst enabling a liquid option too - essentially stake but also use the equivalent liquidity to find more gains in the eco system. Ah, the sweet smell of interoperability. Anyway I'm bored of doing your research for your clueless ass. You're light years behind fella and the joke to everyone outside of the Ada cult is Cardano itself. You should really start trying to learn the technicals behind projects yourself, rather than relying on the information from a one-sided cult lmao. Enjoy your evening.

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

tldr; Polkadot has launched XCM, a “Cross-Consensus Messaging” format allowing communication between the network’s various parachains. The system has been audited and tested on Kusama, Polkadot's pre-production testing ground. XCM's launch means that the network has achieved its goal of becoming fully interoperable. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#XCM#DYOR
r/CryptoCurrencySee Comment

IBC has already solved the interoperability issue with 100's of millions being transferred everything and Dot is about to with XCM in the coming releases. I have yet to see someone compare it with state proofs, now I'm curious. Though I agree with you, it seems like a proof of concept that needs to be materialised to see how it goes but seems very lagging behind if you consider how much Cosmos/Dot has already put a lot into practice. People were saying Algo would have 10k TPS and 2.5sec transaction finality by EoY 2021, here we are.

Mentions:#XCM
r/CryptoCurrencySee Comment

The first actual version of Ethereum was made by Gavin Wood. He left in 2016 to create polkadot according to what Ethereum was always meant to be. XCM will launch within 48 hours to create a true massively sharded and interoperable chains. What Ethereum was meant to be. Disappointed that Polkadot is never mentioned.

Mentions:#XCM
r/CryptoCurrencySee Comment

Looks like Terra is pushing for more decentralization by partnering with Flux which is like a decentralized version of Amazon web servers. I'd be lying if I said I wasn't bullish considering it's 300ish million market cap compared to Terra/Luna. Hoping Coinmetro and it's token XCM get pulled up alongside considering it's the only exchange that'll run a flux node on your behalf

Mentions:#XCM
r/CryptoCurrencySee Comment

Summary from messari report : Key Insights .After five years of research and development, Polkadot parachains are now live. .At the close of Q1 2022, 13 parachains won parachain slots bonding 127.8 million DOT (11% of the total supply; worth $2.9 billion). .A total of 28 more parachain slot auctions are scheduled through February 2023 (bringing the total to 41). .Polkadot price and user accounts made all-time-highs around the time of the first parachain slot auction; however, both metrics have steadily declined since. .Polkadot has an evenly distributed validator set, with 99% of validators having 1.8–2.6 million DOT staked. Polkadot developer activity remains among the strongest in crypto. The next major milestones are the implementation of the Cross-Consensus Message Format (XCM), parathreads, and performance upgrades.

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

XCM has been running successfully on Kusama. It’s making it’s way through governance on polkadot atm.

Mentions:#XCM
r/CryptoCurrencySee Comment

`connecting infinite number of blockchains` has little merit if the blockchains are connected via Bridge -- this would be no different than launching a polkadot ecosystem chain with substrate and connecting it with a bridge not unlike how Ethereum and Bitcoin are connected by bridge. from my so-far limited research it seems cosmos IBC will also have a limit on number of chains connected in this way -- which is not so different than polkadot parachains which are connected to the relay chain via XCM. I'm pretty sure the consensus systems are rather similiar

Mentions:#XCM
r/CryptoCurrencySee Comment

i'd be interested to see cosmos' roadmap for IBC/Shared security -- however it's impressive that Polkadot is ahead in this aspect, while behind in terms of mature ecosystem projects. Cosmos has ~1-2 year headstart on projects while polkadot has headstart on security and XCM. Don't know how far along Cosmos IBC is, i would be interesting in hearing more

Mentions:#XCM
r/CryptoMarketsSee Comment

The future is multi chain and Gavin built polkadot to be at the center. DOTs cross chain communication, XCM, is launching in the next few weeks and the bridges to Kusama, Cosmos, and Solana will be here shortly after. The summer of DOTSAMA is close and it’s going to be amazing.

Mentions:#XCM
r/CryptoCurrencySee Comment

DOTSAMA ecosystem. Because compared to Cosmos it has interesting tokenomics with auctions and parachains. It keeps ecosystem together and allows projects to benefit from each other. Having a canary ecosystem with real value is game-changing because now parachains canary projects don't have VC's in their token distribution. XCM makes you bridge-free, no more worhole hacks. Curve. Because of stable asset LP's. Their voting and emissions system is revolutionary for defi, everyone is copying it. ​ Balancer with weighted pools and adjustable fees. Could be used in multiple ways. ​ FRAX with their approach to stable coin and FPI.

Mentions:#XCM#FRAX#FPI
r/CryptoCurrencySee Comment

It’s micro dipping right now compared to few hours earlier. I don’t think anybody knows for sure if we’re out of the bear market/in the crypto winter still. I anticipate DOT and its parachains to pump even more though with XCM. Still semi mad at myself for not buying more Acala, Glimmer, and Astar earlier. Don’t buy DOT’s parachains on CDC though, most of them you can buy/sell only-can’t transfer + no staking/earning = worst place to buy parachains tokens.

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

XCM coming in next update

Mentions:#XCM
r/CryptoCurrencySee Comment

next DOT upgrade will have XCM, which is the first time communication among parachains will happen

Mentions:#DOT#XCM
r/CryptoCurrencySee Comment

It's a toss up really, when v2 is done being tested on Kusama, it's getting ported to Polkadot, and that's essentially the goal of Polkadot, as XCM enables interoperability across all chains. But when v2 launches on Polkadot, they are going to be ready to port v3 to Kusama, and that's the big one. So either or would be good to hold. I'm not too hopeful on drastic price movement though, usually DOT largely slips by unnoticed, but once v2 launches and Moonbeam enables it, the Ethereum bridge will be live across all parachains/parathreads and bridged chains, and that is huge. I've been heavily loading my bags with Moonbeam because I know it's coming.

Mentions:#XCM#DOT
r/CryptoCurrencySee Comment

Once XCM v2 gets initiated on Polkadot it's sure to increase in value. It's pretty close. XCM v3 is currently being audited (for the 3rd time) before implementation on Kusama.

Mentions:#XCM
r/CryptoCurrencySee Comment

I hope it rises significantly with the upcoming XCM v3

Mentions:#XCM
r/CryptoCurrencySee Comment

I'm eagerly waiting for the XCM v3 release. It will push XCM v2 onto Polkadot, and that will already be a significant achievement on its own. Throw in the Moonbeam/Ethereum bridge, and hallelujah, talk about value.

Mentions:#XCM
r/CryptoCurrencySee Comment

Eth is basically unusable by the masses right now. Moonbeam allows PROJECTs to basically create a 1:1 copy on the DOT ecosystem seamlessly - which means users that bridge over to DOT can then (1) enjoy the functionality of their ETH at low gas fees and higher speeds (2) use the same Dapps as were on ETH and (3) get all the added benefits of being in the DOT ecosystem - say when XCM is enabled, you want private transactions use Mantapay, you want have singular decentralized identity ok Litentry got u - you want a ecosystem multi-token liquidity pool - Hydradx etc.

Mentions:#DOT#ETH#XCM
r/CryptoCurrencySee Comment

I think we'll see things heat up once XCM functionality is rolled out on Kusama and Polkadot.

Mentions:#XCM
r/CryptoCurrencySee Comment

tldr; Polkadot’s XCM (Cross-Consensus Messaging format) has been audited for the second time. The goal of the audit was to discover any potential cross-chain security or fairness issues, including logical bugs, denial-of-service, and incorrect lock/unlock or burn/mint on both chains. Following the full audit, XCMv2 is ready for production release. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#XCM#DYOR
r/CryptoCurrencySee Comment

XCM 3.0 is the cross messaging format so that all of their parachains/parathreads can interact seamlessly on Layer 0 Substrate. Once onboarded onto Polkadot/Kusama, they will be able to access any network on Substrate without the need for a cross-network bridge. It's essentially the entire purpose of Polkadot and it's near completion. The value of the network will increase significantly knowing that any new project launched will have complete access to all the other projects launched parallel to Polkadot (instead of build on Polkadot). If Bitcoin gets back up to November ATH levels, I think a 10x is more than likely for how extremely underrated Polkadot is (it's already a working ETH 2.0 model).

Mentions:#XCM#ETH
r/CryptoCurrencySee Comment

What's XCM 3.0, and why do you think 10x?

Mentions:#XCM
r/CryptoCurrencySee Comment

100%. I'm expecting Polkadot to do a 10x when XCM V3.0 finally launches. If Bitcoin reaches $80k everything will essentially quadruple in value, if it reaches $150k, it'll be close to a 10x.

Mentions:#XCM
r/CryptoCurrencySee Comment

I can see dot becomes top 3 coin but I don’t think it’s super soon. I think it’s at least 11 parachain winners now? But only 3 launched so far. Many said it’s because XCM hasn’t been launched, but I don’t think that’s good excuse for first batch winners like parallel and clover—especially when clover shouldn’t have won imo. But ya once XCM launched and more working parachains, DOT is going to be insane.

Mentions:#XCM#DOT
r/CryptoCurrencySee Comment

I am bullish on polkadot & Acala. With XCM getting enabled and also AQUADAO in near future it won’t be long for this to moon.

Mentions:#XCM
r/CryptoCurrencySee Comment

Polkadot is finished? XCM is still not running. Most of the parachains are still in their infancy. I definitely wouldn't call polkadot finished and working.

Mentions:#XCM
r/CryptoCurrencySee Comment

Safe is good, but researching ALT coins and the company’s strategy can pay off big time; I’m not talking about shite/meme hype garbage. A friend of mine got me in XCM. In 2018 it was brandy new. I waited a year to see what the company’s fundamentals and vision was, bout $5k worth in 2019 at .021 … now it’s .7 Put the same amount into ETH. Not upset, but I made far more over the years in XCM 👍

Mentions:#ALT#XCM#ETH
r/CryptoCurrencySee Comment

Ummm, it's a bit more complicated than this. If you know HydraDX you know they don't try to manage pools the traditional way. In any case to connect different asset to its chain, HydraDX was hoping to use the interoperability feature of Polkadot, in order to function. XCM allows to transfer assets from one Polkadot parachain to another seamlessly. Problem, this feature is not yet fully developed.

Mentions:#XCM
r/CryptoCurrencySee Comment

HydraDX, the Polkadot parachain finally gives an update: They plan to choose 20 collators (nodes on Polkadot), then once the network is stabilized, they'll add 50 more. Around that time they'll transfer assets from Snakenet to parachain and distribute rewards from crowdloans. Then when XCM (cross message tech between parachains) is out, Omnipool, the core of the HydraDX Dex should follow. Last news that many people were waiting for, they'll launch a referendum to enable transfers before the launch of the Omnipool.

Mentions:#XCM
r/CryptoCurrencySee Comment

I contributed to Acala's crowd loan, ACA is fixed supply with a burn mechanism for certain tx fees. As more functionality comes online, XCM goes live on Polkadot and their partnerships with Fintech companies get built out I expect the TVL and ACA value to go up quite a bit.

Mentions:#ACA#XCM
r/CryptoCurrencySee Comment

ACA staking through app possible now somebody mentioned this; haven’t tried myself though/still use dot.js. GLMR and ASTR staking rates are phenomenal for the time being but ya wth only 3 semi working parachains. I think dot will be quite different/a lot more developed by 2022 end. I think with soon more tokens will be available on Acala With XCM and at least 10+ parachains—all quality L1–up and running I think by then dot will be quite different. I’m here for the tech lol

r/CryptoCurrencySee Comment

XCM

Mentions:#XCM
r/CryptoCurrencySee Comment

The XCM staking program will continue to provide major benefits like fee rebates and bonuses as well as the passive income streams mentioned above

Mentions:#XCM
r/CryptoCurrencySee Comment

XCM hasn’t stopped going up this whole time 😳

Mentions:#XCM
r/CryptoCurrencySee Comment

My exchanges token (XCM) +50% 24h 🐱‍🏍 *noice*

Mentions:#XCM
r/CryptoCurrencySee Comment

With $100 I'd choose my exchanges token (XCM)

Mentions:#XCM
r/CryptoCurrencySee Comment

I feel like they are destined to interoperate side by side. Astar is becoming an interoperability hub connecting Cosmos (and their IBC’s sdk’s), Ethereums EVM, Polkadot, and web assembly (WASM). IBC does it’s thing well. But Polkadots abilities are inexplicably more impressive. They are safer and more dynamic (down side would be that Polkadot is less inclusive, due to the need to attain a parachain/parathread). For example Polkadots ability to perform forkless upgrades during runtime. The more you unpack that one idea alone, the more impressive the tech becomes. Then add on their XCM and pallet tech. As the years go on it’s hard to imagine Polkadot not being a big player. In reality Polkadot will really shine by becoming a base layer that no one knows they are using. The pallet implementations and specialized parachains will be getting so sophisticated and easy to design with. Polkadot won’t ‘kill other chains’. It’ll act to connect them and overall make Web3 more robust. Cosmos will continue to be a fragmented hub of awesome layer ones that will bridge together, but Polkadot will be a robust framework that nearly everything will interoperate with.

Mentions:#XCM
r/CryptoCurrencySee Comment

Look no further than polkadot Parachains only launched a month. Billions locked up already. XCM releasing shortly to provide full cross chain consensus. 100 customised parachains (not just general purpose chains like eth and many other L1's, chains actually customised for the application they're trying to deliver) with unlimited parathreads all talking the same language and able to send much more than a basic token across a chain. It doesn't get much better tbh. No hacks or security issues so far. All the parachains share the same security so it's much, much harder to fo anything nefarious. Polkadot will be monumental. Check out rmrk on Kusama bringing "nft 2.0". Literally doing things with nft's that no other chain can bring. The vast majority of the next-gen apps and use cases will originate from Polkadot and Kusama.

Mentions:#XCM
r/CryptoCurrencySee Comment

It's actually because of the superior staking consensus algorithm that this requirement even exists in the first place. Unlike most staking algorithms NPOS is actually not a 'set and forget' mechanism, it's designed to reward good actors who maintain a list of delegations that they think will act correctly. The outcome of nominating bad actors on the network is the loss of tokens, this is part of what makes the consensus algorithm superior as participants are not only encouraged but penalised when supporting validators who don't act correctly and reduce the stability of the network. They are working to lower the barrier to entry, but it doesn't change the above, which means nominating on polkadot still requires some effort. Operationally the security, decentralisation and underlying technology is far superior to cosmos although it does come at the cost of some gate keeping which I cant deny. I'll also take criticism that the polkadot UI is not the simplest, although it's not a simple product and staking is designed to require some effort. The parachain limit is technically infinite, a vote could be started at any time from the community to increase the limit, on kusama for instance there is no slot limit, though it would not be good to the investors as auctions are designed to lock value into the network. ​ My biggest problem with cosmos as a network is mostly that it's designed to entice people with little to no understanding of the backing technology while promoting interoperability in the same manner as polkadot. Cosmos hubs are an example of what on L1 chain on polkadot is capable of doing pretty much out of the box with XCMP or XCM. The real value proposition for polkadot lies in sharded shared consensus, strong well documented eco system, substrate (bootstrap your L1 blockchain fast in a modern language), native EVM compatibility, well designed and documented interoperability mechanism and framework that makes cross chain communication simpler and one of if not the best development communities. ​ Simply put developers love substrate, it really feels like the future for building blockchains and it's arguably a bigger value proposition than polkadot itself and it's free and open source and has a huge community of buiders.

Mentions:#XCM
r/CryptoCurrencySee Comment

Regarding security, like you say Cosmos is also working on shared security. This is probably 1-2 years away. Last I checked the testnet wasn't deployed yet. This is a good blog post about their shared security plans: [https://blog.cosmos.network/interchain-security-is-coming-to-the-cosmos-hub-f144c45fb035](https://blog.cosmos.network/interchain-security-is-coming-to-the-cosmos-hub-f144c45fb035) The Cosmos (core) developers have recognized the importance of shared security and are working hard on it. Even Vitalik mentioned just a couple of days ago that the future of interoperability won't be just simply bridging chains: [https://twitter.com/VitalikButerin/status/1479501366192132099](https://twitter.com/VitalikButerin/status/1479501366192132099) But while Polkadot is ahead of Cosmos in the security aspect, I have to admit they are behind in the cross-chain communication aspect. Parachains in Polkadot currently have very poor possibilities for cross-chain communication and are just beginning to test XCM on testnets. With that said, Polkadot and Cosmos (and Ethereum) are the blockchains I'm most bullish on. And I've been following all three of them since they were just white papers.

Mentions:#XCM
r/CryptoCurrencySee Comment

XCM leading the charts **AGAIN** 2 days in a row, let's goooooooooo 🚀🚀🚀

Mentions:#XCM#AGAIN
r/CryptoCurrencySee Comment

\*erects giant XCM flagpole in the daily\*

Mentions:#XCM
r/CryptoCurrencySee Comment

XCM (my exchanges token) +11% (\*°▽°\*)╯

Mentions:#XCM
r/CryptoCurrencySee Comment

PRQ has been going down slowly for months, I started DCAing into it a couple of weeks ago and XCM seems to just crab around this price recently

Mentions:#PRQ#XCM
r/CryptoCurrencySee Comment

PRQ and XCM (exchange token) are +3% and +2.5% 24h

Mentions:#PRQ#XCM
r/CryptoCurrencySee Comment

XCM - CoinMetro Token

Mentions:#XCM
r/CryptoCurrencySee Comment

Terra/Luna is my can't miss pick. Kadena and Qredo could 100x. Vader could 10x overnight in January. XCM is a long shot but could 10x this year.

Mentions:#XCM