Cosmos’s Development team successfully completed the first Inter-Blockchain Communication Transaction directly between Cosmos hub and Ethereum.
The co-CEO (March 26) of CosmosATOMMaghnus Mareneck announced They have conducted the first IBC transactions between Cosmos Hub’s central Blockchain and Ethereum.ETH). This test forms part of a larger Eureka upgradeIBC Go v10 is due to release later this summer.
IBC, the protocol developed by Cosmos, allows blockchains that are independent to transfer data and assets between them. This protocol was activated After the team has successfully completed the project, the final version of the product will be released in March 2021. Stargate upgrade. IBC has been integrated into many of the blockchains that are part of the Cosmos ecosystem. These include Terra, Osmosis, Akash and others. IBC allows asset transfers between chains and communication.
The test today is notable because it represents the first direct IBC link between Cosmos Hub, Ethereum and Cosmos Hub. You should note, however, that earlier efforts connected other blockchains with Cosmos by indirect means. In April 2024, Picasso Network facilitated The IBC between Cosmos and Ethereum was later extended to include the latter. Cosmos and Solana. Composable Finance – Earlier bridged Polkadot & Kusama with Cosmos Cosmos’s ultimate goal will be to turn IBC into a global standard for Blockchain communication.
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Source: crypto.news
