Cosmos

Coreum

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
XRP Ledger has achieved a groundbreaking interoperability milestone with the launch of the Coreum Bridge. This new bridge marks a major step forward in facilitating connectivity between XRP Ledger and other blockchain networks, unlocking a host of possibilities for cross-chain transactions and interoperability.
The <a href="https://twitter.com/CoreumOfficial/status/1768003618588996059" rel="noopener noreferrer nofollow">XRPL-Coreum Bridge</a>, which is now live for builders, marks a significant breakthrough in blockchain interoperability as it establishes a new communication pathway enabling asset transfers between XRPL and the expanding universe of IBC-compatible app chains. This is because the Inter-Blockchain Communication Protocol (IBC) allows independent blockchains to directly communicate and trade assets.
Designed to leverage the distinct strengths of both platforms, the bridge employs the payment protocol of XRPL and Coreum's capabilities with smart tokens and IBC interoperability while ensuring the flow of assets in a decentralized and noncustodial manner.
The bridge taps into Coreum smart contract logic and XRPL's secure multi-sig accounts to facilitate secure transactions through a network of relayers. In addition, the integration with the Cosmos' IBC Protocol brings a new era of cross-chain communication and permissionless data relay to the XRPL, opening up about 100 chains for the XRPL and Coreum communities.
In partnership with XRP Ledger-based Sologenic, over 150 assets, including XRP and SOLO, will be able to flow through the Cosmos ecosystem.
In the days ahead, XRP Ledger is expected to add new features. The XRP Ledger AMM is anticipated to go live on March 22, having achieved a majority once again.
For an amendment to pass, at least 80% of validators must vote yes, and this level must be maintained for at least two weeks. If this condition is met, the AMM amendment will reactivate on the mainnet on the said date.

XRP Ledger Hits New Interoperability Milestone: Details

U_Today

Artikel lain yang dipublikasikan pada 14 Mar 2024

Bitcoin Critic Peter Schiff Regrets Missing Out On BTC Investment In Early Days: 'I Would Have Bo...

Moon or doom: Why do so many crypto startups fail?

Peng Price Prediction: New Solana Meme Coin PENG Pumps 96% As Analysts Ask If it’s the Next WIF O...

Judge Rules Craig Wright Is Not Satoshi Nakamoto

Dutch Central Bank Blasts Crypto(dot)com With a Fine Worth $3M

Bitcoin, Ethereum, Dogecoin Trade Mixed As ETH Finalizes 'Dencun' Upgrade: Analyst Warns Of Poten...

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!