cryptonews.net
Cosmos developers are working to extend the Inter-Blockchain Communication (IBC) protocol to Ethereum. On Wednesday, Maghnus Mareneck, co-director of Interchain Labs, the core developer of Cosmos, announced that the company has tested an IBC transaction from the Cosmos Hub to Ethereum, an effort to increase token interoperability between the two networks.
The move is part of the upcoming Eureka upgrade for IBC, led by teams including Interchain Labs, and scheduled for release as part of IBC-go v10 later this year. The upgrade builds on the developers’ vision to make IBC a universal standard for blockchain communications, expanding its reach beyond Cosmos to major networks like Ethereum and Solana. The first step will be to connect Ethereum to Cosmos’ central chain, the Hub.
IBC is a standardized protocol that enables communication between independent blockchains, allowing them to seamlessly transfer assets and data. It does this using light clients and relayers. According to the Cosmos developers, expanding IBC could potentially open up new possibilities in decentralized finance and cross-chain applications.
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