Ethereum

Cardano

2024

Cosmos

<p>Cardano Foundation, a famous blockchain, has recently announced a new development. As per the firm, it is integrating Inter-Blockchain Communication (IBC) to improve connectivity as well as take part in the interchain ecosystem. Cosmos disclosed this initiative on its official social media account on X.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">💥 <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Cardano</a> goes interchain!<br><br>Through the Cardano IBC Sidechain, Cardano connects with an ecosystem of 115 IBC-enabled chains: the interchain.<br><br>Cardano’s IBC integration will expand the <a href="https://twitter.com/hashtag/interchain?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#interchain</a> ecosystem to a vibrant community of blockchain pioneers. <a href="https://t.co/rNSBmzCZDA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rNSBmzCZDA</a></p>— Cosmos – The Interchain ⚛️ (@cosmos) <a href="https://twitter.com/cosmos/status/1806357065960407485?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="cardano-announces-integration-of-ibc-to-expand-connectivity-with-cosmos-and-ethereum">Cardano Announces Integration of IBC to Expand Connectivity with Cosmos and Ethereum</h2>
<p>In a comprehensive blog post on Medium, Cardano provided the details of the respective endeavor. Cardano noted that blockchain technology can experience several challenges dealing with interoperability, data privacy, and scalability. Keeping that in view, the company has reportedly been operating on the development of the Inter-Blockchain Communication Protocol.</p>
<p>With this, the platform has been focusing on introducing the IBC abilities to its blockchain. Particularly, it is integrating the capabilities related to dependable data exchanges and transfers across particular blockchain networks. The IBC agenda improves the current systems. In addition to this, it also pays substantial attention to expanding their future achievements. It reportedly enables asset and data transactions between diverse blockchains.</p>
<h2 class="wp-block-heading" id="the-integration-enhances-technical-advancement-potential-growth-scalability-and-interoperability">The Integration Enhances Technical Advancement, Potential Growth, Scalability, and Interoperability</h2>
<p>While doing so, it guarantees that the enterprises leverage the deterministic and security charges inherent to the blockchain of <a href="https://blockchainreporter.net/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">Cardano</a>. IBC has reportedly gained a considerable reputation. As per the reports, it enables information sharing between the blockchains. The IBC capabilities are now available on Cardano. Hence, the projects pursuing a bridge between the side chains based on Cosmos SDK and the Cardano network can benefit.</p>
<p>The IBC protocol’s implementation in the case of Cardano lets projects conveniently bridge to the chains on <a href="https://cosmos.network/" target="_blank" rel="noopener noreferrer nofollow">Cosmos SDK</a>. Apart from that, they can also bridge to the wider interchain ecosystem. It comprises more than one hundred and fifteen blockchains. According to the platform, the Cardano IBC sidechain’s development assists in enhancing technical advancement, potential growth, scalability, and interoperability.</p>

Cardano Conducts Integration of IBC to Improve Connectivity

Table of Contents

BlockchainReporter

Alte articole publicate pe 28 iun. 2024

Nubank Bitcoin Lightning: Nubank Unveils Partnership with Lightspark to Bring Bitcoin Lightning t...

Bitcoin Faces July Volatility Concerns

Playboy Biden (PLAYBID) Will Surge 11,000%, Looks to Challenge Shiba Inu and Dogecoin

Arpa Network Secures Data with Blockchain

Nigerian Blockchain Committee urges balanced resolution to Binance dispute

Spot Solana ETF could cause a surge in SOL price by 9x

Join our free newsletter for daily crypto updates!