Gravity Bridge began to function, supporting Ethereum and the Cosmos through the exchange.

巴比特资讯 view 24201 2021-12-16 10:58
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On December 15, the Swiss non-profit Interchain Foundation announced the launch of World Bridge, developed by decentralized internet service provider Althea. Earth Bridge supports ERC-20 tool exchange from Ethereum and Cosmos blockchains, and can also upgrade Comos tool to ERC20 version. Initially, Earth Bridge will operate as an independent chain and will be moved to the Cosmos hub early next year. Key functions may include cross-chain token exchange and Ethereum support to Cosmos oracles.

Althea CEO Simpier report:

“The role of the global bridge in the interconnected ecosystem is an important part of the public infrastructure of a cosmos-based blockchain, which makes it possible to scale easily and quickly and transparently. and increases the interest and interaction of strings. Frictionless trading can be very effective. Going forward, it will strengthen the entire Cosmos network and support the value of ATOM and the future of the internet blockchain ecosystem. "

In March, the Inter-Blockchain Communication (IBC) protocol was developed on the Cosmos network, allowing interconnection and exchange of assets between different blockchains. Currently, more than 20 blockchains support IBC. In an interview, Peng Zhong, CEO of Tendermint, the main developer of the Cosmos network, estimated that "around 200 channels will be connected to the Cosmos IBC protocol next year".

Billy Rennekamp, ​​director of the Cosmos Hub of the Interchain Foundation, believes:

“The Stargate upgrade and the IBC launches mark the dawn of interoperability. Our partnership to ensure the security of the Gravity Bridge and the Cross-Chain Bridge will continue to integrate the Cosmos Hub as the heart of the Internet Blockchain. "
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