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The Moonbeam parachain in the Polkadot ecosystem has entered into an agreement with the Osmosis decentralized exchange on the Cosmos blockchain, under which users will be able toexchange tokens between blockchains.
The integration is made possible by the use of the Axelar Network protocol.between networks, and a platform for communication between different networks with support for smart contracts.That is, Axelar Network allows you to both move tokens between blockchains and use smart contracts on other networks.
At first, only the DOT coin will be available for exchange between Polkadot and Cosmos ― the Cosmos network will haveA corresponding token has been issued.
Moonbeam developers confirmedplans to increase the number of supported tokens on the Polkadot network. According to them, the new feature will be an important step in expanding blockchain interactions. And, although the Cosmos and Polkadot ecosystems are often called competing, they can live well together.
In May, Polkadot developers launched
XCM internetworking protocol.
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