Cosmos launches Inter-Blockchain Communication to enable cross-chain DeFi
Cosmos is now building a cross-chain DEX for IBC-enabled blockchains, dubbed Gravity The self-described “Internet of blockchains,” Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains.Comos’ IBC went live on March 29, enabling token transfers between Cosmos and other IBC-compatible blockchains.The feature, which has been in development for five years, was voted in via community governance with 112 million votes supporting the activation and 75 million opposed.Over a two-week period, a....
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The Inter Blockchain Communication protocol that powers Cosmos has been growing steadily over the past 6 months. The Cosmos cross-chain network has been growing steadily along with the projects that run on top of it and it’s just reached a milestone in terms of activity.The Inter Blockchain Communication protocol (IBC), which is the backbone of the Cosmos ecosystem, has seen a surge in activity over the past month with more thanone million transfers logged.Cosmos launched the IBC in March to enable cross-chain decentralized finance and interoperable nonfungible token transfers. Over the....
ATOM rallied by up to 36 percent on a week-to-date timeframe as traders assessed the prospects of a major technological update on its parent blockchain Cosmos on February 18. Dubbed as “Stargate,” the upgrade would enable Cosmos-based chains to connect using the first standardized protocol for inter-blockchain communication. With that said, chains will securely and […]
Shortly after the launch of Stargate, Cosmos ecosystem chains are entering the DeFi arena. Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain.The Kava 5.1 upgrade is a significant boost to performance over previous major versions, with the team claiming a ten-fold increase in throughput through “consensus enhancements.” The upgrade also carries improvements to the BEP3 relayer that acts as the connection to Binance Smart Chain,....
The project teased the release of the blockchain in a video message with a quote from famous astronomer Carl Sagan and a picture of a canary among the stars. The Cosmos cross-chain network is building a new blockchain aimed at allowing developers to experiment with different protocols.In its quarterly keynote report published on Tuesday, Cosmos said its Sagan blockchain was currently in development. The project teased the release of the blockchain in a video message with a quote from famous astronomer Carl Sagan and a picture of a canary among the stars. The canary imagery may refer to the....
ATOM price booked triple-digit gains after the network built out its DeFi ecosystem and works on cross-chain bridges for ETH and BTC. Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network's high transaction fees and delayed confirmations. One of the biggest beneficiaries of the quest to find a more welcoming smart contract environment has been Cosmos (ATOM), a project focused on interoperability that has set out to become the “internet of....