Cosmos : Inter Blockchain Communication (IBC)
A look at cross chain transfers via Inter Blockchain Protocol on Cosmos network.
COSMOS With the advent of blockchain technology, The Cosmos blockchain ecosystem is a network of blockchains that addresses the issue of scalability among siloed niche blockchains by allows crosschain transfer of value.
Modern blockchains
INTER BLOCKCHAIN COMMUNICATION The cosmos technology stack allows for blockchain interoperability by allowing different blockchains to transfer value between each other through the Inter Blockchain Communication (IBC) protocol. IBC is an interblockchain bridge between cosmos and other blockhains allowing for crosschain transactions and transfer of value. IBC benefits niche specific chains the advantage of benefitting from the network effects of these transactions. Croschain transactions on Cosmos Different blockchains connected Different sectors of these blockchains eg DEXs...and chains in diffeent niches, eg osmosis, (biggest IBC chain, and defi chain), injective protocol. Defi crosschain transactions on cosmos.
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