{"id":214386,"date":"2021-03-30T07:58:00","date_gmt":"2021-03-30T04:58:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cosmos-launches-inter-blockchain-communication-to-enable-cross-chain-defi\/"},"modified":"2021-03-30T07:58:00","modified_gmt":"2021-03-30T04:58:00","slug":"cosmos-launches-inter-blockchain-communication-to-enable-cross-chain-defi","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cosmos-launches-inter-blockchain-communication-to-enable-cross-chain-defi\/","title":{"rendered":"# Cosmos launches Inter-Blockchain Communication to enable cross-chain DeFi"},"content":{"rendered":"<p>&#8220;<strong># Cosmos launches Inter-Blockchain Communication to enable cross-chain DeFi <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvNDcxOGYwNzktODBiMi00MGNjLWJiNWItOWM5MWIzNDYwZTM4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The self-described \u201cInternet of blockchains,\u201d Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains.<\/p>\n<p>Comos\u2019 IBC went live on March 29, enabling token transfers between Cosmos and other IBC-compatible blockchains.<\/p>\n<p>The feature, which has been in development for five years, was<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cosmos.bigdipper.live\/proposals\/41\"> voted in<\/a> via community governance with 112 million votes supporting the activation and 75 million opposed.<\/p>\n<p>Over a two-week period, a Cosmos proposal needs to secure at least 512 ATOM tokens deposited in support of it for voting to proceed. The number of tokens an individual or group holds determines how much influence their vote will have on the outcome of a proposal.<\/p>\n<p>Cosmos asserted that IBC facilitates new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications by facilitating both fungible and non-fungible tokens between chains and paving the way for cross-chain exchanges and NFT marketplaces.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos?ref_src=twsrc%5Etfw\">@Cosmos<\/a> has enabled Inter-Blockchain Communication (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/IBC?src=hash&amp;ref_src=twsrc%5Etfw\">#IBC<\/a>) transfers on the Cosmos Hub, making it possible for sovereign blockchains to transfer digital assets (tokens) and data b\/w one another.<\/p>\n<p>The Interchain era has begun<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3vybbrLJ5G\">https:\/\/t.co\/3vybbrLJ5G<\/a><\/p>\n<p>Thread  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/7NRgqHiTBe\">pic.twitter.com\/7NRgqHiTBe<\/a><\/p>\n<p>\u2014 Cosmos &#8211; Internet of Blockchains \u269b\ufe0f (@cosmos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cosmos\/status\/1376529756938702855?ref_src=twsrc%5Etfw\">March 29, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Cosmos added that it is already working on a decentralized exchange supporting cross-chain functionality for IBC-compatible blockchains. The announcement stated:<\/p>\n<blockquote><p>\u201cThe Gravity DEX will act as a marketplace for trading tokens from any connected blockchain, including tokens from IBC-enabled blockchains, wrapped ETH and ERC20 tokens, wrapped BTC tokens, as well as from any future networks that implement IBC.\u201d<\/p><\/blockquote>\n<p>IBC is a standard that provides a method of securely exchanging data between two independent blockchains. Inter-Blockchain Communication also provides scaling through sharding by utilizing sidechains for different applications. <\/p>\n<p>The standard has been rolled out as part of a broader Cosmos ecosystem upgrade called<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/figment.io\/resources\/cosmos-stargate-upgrade-overview\/\"> Stargate<\/a>, which also included new nodes that can synchronize 200x faster.<\/p>\n<p>Cosmos\u2019 native token, ATOM, has trended sideways despite the announcement. At the time of writing, ATOM last changed hands for roughly $20 and is down 23% from its Feb. 17 all-time high of $26. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cosmos-launches-inter-blockchain-communication-to-enable-cross-chain-defi\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cosmos launches Inter-Blockchain Communication to enable cross-chain DeFi &#8221; The self-described \u201cInternet of blockchains,\u201d Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains. Comos\u2019 IBC went live on March 29, enabling token transfers between Cosmos and other IBC-compatible blockchains. The feature, which has been&#8230;<\/p>\n","protected":false},"author":1,"featured_media":214387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvNDcxOGYwNzktODBiMi00MGNjLWJiNWItOWM5MWIzNDYwZTM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,20093],"class_list":["post-214386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cosmos"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/214386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=214386"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/214386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/214387"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=214386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=214386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=214386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}