Based on a medium post, Picasso Network is now entitled to Ethereum’s Inter-Blockchain Communication (IBC) protocol. It facilitates sending assets and data across Ethereum and all Cosmos network nodes, considerably increasing communication between separate blockchains.
“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,” Henry Love, Composable Foundation Executive Director, stated.
Developing this integration and a greater security level over the conventional bridge methods by creating a common platform to work together with Ethereum and Cosmos community members.
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