Polkadot solidifies its position in the blockchain industry with a game-changing partnership, gaining access to a multi-billion dollar ecosystem

• A new bridge now facilitates the connection between Polkadot (DOT) and its sister chain or “canary network” Kusama (KSM).
• Centauri is the first implementation of the Inter-Blockchain Communication (IBC) standard used in the Cosmos (ATOM) ecosystem.

Polkadot has taken a decisive step in its development after the launch of the bridge with sister chain Kusama. Polkadot has reaped huge benefits since the launch of Kusama, which is a scalable multi-chain network for developers and projects to launch and test early development using the same code base as Polkadot. Following the relationship, Polkadot (DOT) and Kusama (KSM) are generally referred to as the DotSama ecosystem.

According to a post earlier this year, 37 parachains have joined Polkadot, with another 42 parachains on Polkadot’s canary network, Kusama, providing a clear illustration of their dominance. These parachains are able to fully customize their own layer-1 blockchain in an optimal way for their use cases such as DeFi, smart contracts, social media, decentralized identity, IoT, gaming, metaverse and sustainability.

According to it announcementPolkadot and Kusama will be connected by a seamless bridge called Centauri, through the Inter-Blockchain Communication (IBC) standard of the Cosmos (ATOM) ecosystem.

1/❗🔊We just launched the first Polkadot<>Kusama connection via @CosmosIBC, sets a new standard for relay chain interoperability in DotSama! Check out Centauri, now live on pic.twitter.com/OzJch1MUcK

— Composable Finance (@ComposableFin) 27 April 2023

Composable Finance further confirmed that this is a major step towards blockchain interoperability, as this is the first IBC implementation outside of Cosmos. The team behind Cosmos expressed optimism about the project with two non-Cosmos SDK blockchains, two parachains, from Polkadot & Kusama that could communicate via the IBC protocol.

One of the key aspects of the integration that will revolutionize is allowing the seamless transfer of funds between the two networks. In particular, it strengthens liquidity and puts Polkadot at the forefront of being a DeFi leader.

With the project now live and in open beta, there is a transfer limit of 10,000 tokens for each asset. The team encourages users to share their feedback to ensure that this infrastructure serves the mission of cross-chain strategies.

Polkadot consolidates its position

As CNF has reported, this is another big step in Polkadot’s quest to become a blockchain leader. Late last month, in an effort to promote blockchain interoperability, the Polkadot network announced a strategic partnership with XCM, a cross-consensus messaging protocol. This facilitates the building of apps that span multiple chains and creates multi-chain DAOs in the billion-$ market.

read more: Polkadot partners with XCM to build cross-chain apps and create multi-chain DAOs in the billion-$ market

Polkadot’s native token DOT is set to be a major benefactor to the development of the ecosystem. DOT, currently ranked 11th by market cap, is at $5.67 at press time. Although the asset is more than 89 percent below its all-time high, new developments recorded on the Polkadot network suggest a potential return for DOT in the future.

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