IBC Eureka extends the second model of the BlockChain Inter-Blockchain Communication (IBC) protocol to supply a quick, reasonably priced connection between Ethereum and Cosmos to help IBC routing utilizing Cosmos Hub. Ethereum is now the primary non-CoSMOS community to take part within the IBC ecosystem. Eureka builders will likely be including networks akin to Solana, Base, and Arbitrum sooner or later.
The system is designed to cut back transmission prices, together with gasoline and relay charges, from Ethereum to Cosmos to below $1. In line with Barry Plunkett, CO-CEO of Interchain Labs, IBC Eureka represents a dramatic enchancment within the safety and programmability of cross-chain communications. This permits Ethereum and Cosmos builders to construct a brand new class of purposes that mix liquidity and protocols which have traditionally been fragmented throughout a number of chains.
Among the many first tasks included in Eureka IBC are decentralized trade DYDX, the actual asset-centric L1 blockchain mantra, the Bitcoin Lombard Rikid Staking Protocol, and the Bitcoin Babylon Staking Protocol.
Picture: Freepik
Designed by Freepik
