Bitcoin
Bitcoin (BTC)
$95,104.00 -0.04104
Bitcoin price
Ethereum
Ethereum (ETH)
$3,548.51 -1.42908
Ethereum price
BNB
BNB (BNB)
$651.17 2.61745
BNB price
Solana
Solana (SOL)
$221.59 -0.46662
Solana price
XRP
XRP (XRP)
$2.51 -6.27023
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000277 -3.70498
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000194 -2.16115
Pepe price
Bonk
Bonk (BONK)
$0.0000401 -4.53577
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 0.52089
dogwifhat price
Popcat
Popcat (POPCAT)
$1.35 16.71111
Popcat price
Bitcoin
Bitcoin (BTC)
$95,104.00 -0.04104
Bitcoin price
Ethereum
Ethereum (ETH)
$3,548.51 -1.42908
Ethereum price
BNB
BNB (BNB)
$651.17 2.61745
BNB price
Solana
Solana (SOL)
$221.59 -0.46662
Solana price
XRP
XRP (XRP)
$2.51 -6.27023
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000277 -3.70498
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000194 -2.16115
Pepe price
Bonk
Bonk (BONK)
$0.0000401 -4.53577
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 0.52089
dogwifhat price
Popcat
Popcat (POPCAT)
$1.35 16.71111
Popcat price
Bitcoin
Bitcoin (BTC)
$95,104.00 -0.04104
Bitcoin price
Ethereum
Ethereum (ETH)
$3,548.51 -1.42908
Ethereum price
BNB
BNB (BNB)
$651.17 2.61745
BNB price
Solana
Solana (SOL)
$221.59 -0.46662
Solana price
XRP
XRP (XRP)
$2.51 -6.27023
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000277 -3.70498
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000194 -2.16115
Pepe price
Bonk
Bonk (BONK)
$0.0000401 -4.53577
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 0.52089
dogwifhat price
Popcat
Popcat (POPCAT)
$1.35 16.71111
Popcat price
Bitcoin
Bitcoin (BTC)
$95,104.00 -0.04104
Bitcoin price
Ethereum
Ethereum (ETH)
$3,548.51 -1.42908
Ethereum price
BNB
BNB (BNB)
$651.17 2.61745
BNB price
Solana
Solana (SOL)
$221.59 -0.46662
Solana price
XRP
XRP (XRP)
$2.51 -6.27023
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000277 -3.70498
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000194 -2.16115
Pepe price
Bonk
Bonk (BONK)
$0.0000401 -4.53577
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 0.52089
dogwifhat price
Popcat
Popcat (POPCAT)
$1.35 16.71111
Popcat price

Picasso Network integrates IBC with Ethereum, improves cross-chain interoperability

picasso-network-integrates-ibc-with-ethereum-improves-cross-chain-interoperability
Edited by
News
Picasso Network integrates IBC with Ethereum, improves cross-chain interoperability

In collaboration with the Composable Foundation, Picasso Network has announced the integration of the Inter-Blockchain Communication protocol with Ethereum.

The integration allows for transferring assets and data between Ethereum (ETH) and the Cosmos ecosystem, facilitating cross-chain interoperability.

“By connecting Ethereum with Cosmos through IBC and designating Osmosis as the primary liquidity hub, we are setting the stage for a new chapter in DeFi,” stated Henry Love, Executive Director of the Composable Foundation.

The effort aims to enhance the security of bridge operations and expand the possibilities for liquidity and innovation across blockchain networks, which aligns with the team’s goals for 2021.

https://twitter.com/Picasso_Network/status/1775512007963500772

Osmosis has been selected as the primary destination for Ethereum assets within the Cosmos ecosystem. The choice is based on its role in the Cosmos (ATOM) network as a defi hub, its liquidity pools, defi offerings, and its contribution to the volume of IBC, which includes facilitating over $30 billion in trading volume.

Aaron Kong, Growth & Strategy Lead at Osmosis Labs, highlighted the significance of this integration for user experience and functionality within the defi ecosystem.

The integration aims to promote IBC Everywhere, leveraging the IBC protocol’s capabilities for secure and reliable cross-chain communication. Selecting this approach intends to improve security over centralized bridge solutions and foster collaborations across the Ethereum and Cosmos ecosystems.

In January, the Cosmos Hub community voted to set the ATOM token’s minimum inflation rate at 0% to preserve ATOM’s value by mitigating seller pressure and security overpayments. The vote passed with nearly 95% support.

Previously, the community had capped ATOM’s annual inflation at 10% to maintain its value, which impacted staking profitability. Despite reduced staking yields, validators remained profitable and could adjust transaction fees to cover costs.