Cardano Foundation is a well-known blockchain that has announced an exciting new development. The firm is said to be integrating Inter-Blockchain Communication in order improve connectivity, as well as participate in the Interchain Ecosystem. Cosmos revealed this initiative through its official account on X.
Cardano Expands Connectivity to Cosmos, Ethereum and Cardano by Integrating IBC
Cardano outlined the specifics of its endeavor in an extensive blog on Medium. Cardano has noted that Blockchain technology may face several issues relating to interoperability and data privacy. According to reports, Cardano has been working towards the Inter-Blockchain Communication Protocol.
The platform is focusing its efforts on the IBC capabilities. In particular, the platform is working to integrate capabilities related with reliable data exchange and transfer across blockchain networks. IBC’s agenda improves current systems. It also gives considerable attention to their future accomplishments. The system reportedly allows asset and data transfers between different blockchains.
This integration enhances technical advancement, potential growth, scalability and interoperability
The blockchain is a deterministic system that provides security to enterprises. Cardano. IBC is said to have gained an impressive reputation. It is said to enable information sharing among blockchains. Cardano now has IBC functionality. Projects that aim to build a bridge from the Cosmos SDK-based sidechains and Cardano’s network will benefit.
Cardano’s IBC protocol allows projects to easily bridge the chain on Cosmos SDK. They also can bridge the interchain ecosystem. The platform consists of more than 115 blockchains. The platform claims that the development of the Cardano IBC Sidechain helps to enhance technical advancement, growth potential, interoperability and scalability.
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Source: blockchainreporter.net