Polkadot's Astar Network Introduces XVM Functionality to Improve Multichain Use Cases

Polkadot's Astar Network Introduces XVM Functionality to Improve Multichain Use Cases

Astar Network – a smart contract innovation center that connects the Polkadot ecosystem to all Layer 1 blockchains – has launched its Cross-Virtual Machine (XVM) on the Shibuya public testnet.

It allows projects built on Astar to interact with other smart contract ecosystems, including WebAssembly (WASM) and Ethereum Virtual Machine (EVM).

Enter the XVM

According to a document seen byCryptoPotatoAstar Network launched the first major product part of its 2023 strategy - the Cross-Virtual Machine (XVM).

The feature consists of a set of interfaces and a custom palette that allows smart contracts from one virtual machine to interact with others. The XVM can make bidirectional calls between WASM and EVM, regardless of the programming languages ​​the virtual machines use. Hoon Kim – Chief Technology Officer at Astar Network spoke about the development:

"We have been working hard to lay the foundation for the future, regardless of external influences that are happening now. And today I am proud to introduce one of our key features to realize the Astar vision; the Cross-Virtual Machine (XVM). It will be the beginning of the next wave of innovation for dApps.

Astar will not only have interoperability through XCM (cross-chain messaging) with other parachains, but also interoperability between different smart contract environments.”

The XVM allows developers to explore numerous contract environments rather than having just one choice. They are also able to create a variety of complex applications that can provide many use cases, such as: B. Proof of ownership of digital assets.

The developments so far

Astar NetworkjoinedJoined forces with blockchain company Alchemy in August last year to increase Web3 development on Polkadot's ecosystem. Astar Founder and CEO – Sota Watanabe – explained the potential benefits of the partnership:

"Supporting the developer ecosystem is one of Astar's core values, and our collaboration with Alchemy will help provide even more incentive and innovation to the community. Our collaboration will provide the resources necessary to grow the builder community in web3 on Astar, Polkadot and beyond."

Astar, Polkadot’s leading parachute chain,coloredanother collaboration a week later with the DeFi network Acala. The joint initiative aimed to accelerate decentralized finance by opening up new opportunities for developers and rewarding them for their efforts in the Polkadot ecosystem.

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