Interchain Labs Unveils New Bridge Product Called IBC Eureka to Connect Ethereum and Cosmos Blockchains

IBC Eureka is increasing the second model of the Inter-Blockchain Communication (IBC) protocol to supply quick and inexpensive connections between Ethereum and Cosmos, utilizing the Cosmos hub to assist IBC routing. Ethereum is now the primary non-Cosmos community that turns into a member of the IBC ecosystem. Eureka -developers are planning so as to add networks resembling Solana, Base and Arbitrum sooner or later.

The system is designed to decrease the transmission prices, together with fuel and relay prices, from Ethereum to Cosmos to lower than $ 1. In accordance with Barry Plunkett, Co CEO of Interchain Labs, IBC Eureka represents a dramatic enchancment in safety and programmability for cross-chain communication. This enables Ethereum and Cosmos builders to construct a brand new class of purposes that mix liquidity and protocols which have historically been fragmented over a number of chains.

One of many first initiatives which are included within the Eureka IBC is the decentralized trade Dydx, the Actual-Asset-oriented L1 Blockchain-Mantra, the Bitcoin Lombard Lombard Liquid Liquid STACK protocol and the Bitcoin Babylon strike protocol.

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