Cosmos IBC
@cosmosibc
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Tracking IBC adoption. Follow @ibcprotocol for protocol updates.
Joined October 2018
Bech32 IBC is going to be great. if someone gives you an address on a certain chain, you can just send to it without worrying about IBC. h/t @valardragon .
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About time.
Osmosis is the 5th largest exchange by volume for $ATOM. Not 5th largest DEX. 5th largest exchange. Bigger than Coinbase.
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Josh and @keplrwallet team doesn’t get enough credit.
A personal retrospective on celestia launch. What went well, what didn't go so well, and what to improve for Keplr and Osmosis 👇. Celestia was a bombshell of a launch. After a multiyear bear market, it was refreshing to see metrics fly through the roof. Celestia launch was the
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Allwits all-in IBC
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We just published v5.0.0-rc0 with SDK 0.46. A second RC will follow (most likely) next week. We will tag it once the @CosmosSDK team releases 0.46.1 and we complete some remaining QA testing. You can follow the progress on this milestone.
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Yay! 🥳 It's finally here! ibc-go v5.0.0 with the latest and greatest Cosmos SDK 0.46.1. Thanks so much to @gadikian he's the hero of this release!.
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Atom Hub cannot sit around and risk letting Osmosis make the Cosmos world a better place better than Atom Hub can.
@naz1228 The reason why $ATOM > $OSMO is because smart money does understand this, and it is VALIDATING the design. Forever and ever, except temporarily before catastrophes will exchange zones be preferred as hubs. What will happen once AtomOne ICS1.5 AMMs?.What a hub IS we will show.
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How to improve the current IBC?. 1. Number of ecosystems it connects to.2. A variety of application standards.3. Time it takes relayers to do things (a db layer problem).4. Relayer economics.5. Any Debug-ability of an IBC workflow.6. Better IBC explorers. 🎩🪙 @valardragon.
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New module: Bech32IBC . - Auto-routing of send msgs to addresses on other chains, once configured by governance. - Allows a bank send on Osmosis to a cosmos1 address, and it is automatically sent to the corresponding Cosmos Hub address over IBC.
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DEX dominance 📈
Today, 🦄 volume was higher than NYSE and NASDAQ combined. Hope everyone is having a wonderful holiday 🎄❄️.
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IBC Tokens Balance 👏🏻.
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IBC is not an application-layer protocol: it handles data transport, authentication, and reliability only.
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IBC Specification RC3 is here
🚨New release alert!. v1.0.0-rc3 of the IBC specification has been released! . Check it out now:
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Follow this official account.
Optimistic Execution is landing in the Cosmos SDK ⚡️. Enabling Cosmos SDK chains to build blocks with groundbreaking velocity, pushing the limits of block times and efficiency. Better performance and faster block production are on the horizon 👇
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1/7 Hundreds of millions of Cosmos-native USDC and USDT will be minted over the next six months. This will be a huge growth catalyst for the entire ecosystem, and will completely change the way people see Cosmos. Cosmos stablecoins 🧵.
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ibc szn.
5/ Many digital wallets support Noble $USDC, including @CypherWalletIO, @IBCwallet, @keplrwallet, and @leap_wallet – with more expected. It’s easy to use IBC from your wallet to transfer USDC to appchains like @dYdX, @injective_, and @osmosiszone across the Cosmos ecosystem.
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Interchain composability allows tokens transferred seamlessly between chains AND between modules on those chains. Users will soon be able to send and specify what to do with those tokens at the destination.
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Inter Blockchain Communication Illustrated. Join for discussion on Multi-hop packet routing & partial packet ordering .-
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When you run your mouth on Cosmos Twitter.
Yeah this is some of the stuff I was talking about the other day and will chat with the team about. Cosmos keeps proving it has core challenges that don’t currently meet scaling needs. Berachain could probably port their infra to an Op Rollup, ZK Hyperchain or Polygon CDK with.
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Cross-chain validation is not *shared security*. The Goal of *Shared Security* is operate many blockchains with a committee of validators with the same security as the whole.
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The first working version of IBC (demo here if you are interested: .
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v5.0.0-rc1 is published. This release bumps the Cosmos SDK to v0.46.1 and Tendermint to v0.34.21. You can follow further progress on the v5.0.0 milestone here:
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👇🏿👇🏿👇🏿👇🏿👇🏿👇🏿👇🏿👇🏿👇🏿👇🏿👇🏿.👉🏿👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👈🏿.👉🏿👉🏾👇🏽👇🏽👇🏽👇🏽👇🏽👇🏽👇🏽👈🏾👈🏿.👉🏿👉🏾👉🏽👇🏼👇🏼👇🏼👇🏼👇🏼👈🏽👈🏾👈🏿.👉🏿👉🏾👉🏽👉🏼👇🏻👇🏻👇🏻👈🏼👈🏽👈🏾👈🏿.👉🏿👉🏾👉🏽 ⛓️ IBC ⛓️ 👈🏽👈🏾👈🏿.👉🏿👉🏾👉🏽👉🏼👆🏻👆🏻👆🏻👈🏼👈🏽👈🏾👈🏿.👉🏿👉🏾👉🏽👆🏼👆🏼👆🏼👆🏼👆🏼👈🏽👈🏾👈🏿.👉🏿👉🏾👆🏽👆🏽👆🏽👆🏽👆🏽👆🏽👆🏽👈🏾👈🏿.👉🏿👆🏾👆🏾👆🏾👆🏾👆🏾👆🏾👆🏾👆🏾👆🏾👈🏿.👉🏿👆🏿👆🏿👆🏿👆🏿👆🏿👆🏿👆🏿👆🏿👆🏿👈🏿.
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Today is IBC release day! on the menu:. v1.1.3: .- bumps the Cosmos SDK from v0.44.2 to v0.44.3 .- bumps Tendermint from v0.34.13 to v0.34.14. -
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It takes at least two to tango . ⚛️💃🕺⚗️.
6 hours in and we're on track to make more IBC tx in *one day* than the entire ecosystem has since IBC launched. LFG 🚀
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First, we take back money.Second, take back identity .Third, privacy.
"The way privacy has been built on decentralized systems so far required the user to adopt a specific currency, a new chain, or a newly created dApp in order to get privacy. But what if there was a different, more flexible approach to enabling privacy in decentralized systems
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Releases of ibc-go upgrading Cosmos SDK with the versions including the fix for dragonberry:.
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The train is not stopping 🚂 and we have just tagged ibc-go v6.0.0-alpha1. This is the release that will include the much-anticipated ICA improvements.
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IBC is not a layer-two scaling protocol: all chains implementing IBC exist on the same "layer", although they may occupy different points in the network topology, and there is not necessarily a single root chain or single validator set.
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ICS 18 updated for new format, clarified in response to comments, ready for any more reviews - #interchain #interoperability #ibc.
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New Use Case for IBC: Shielded Swaps.
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IBC is a general-purpose, chain-agnostic protocol for bidirectional communication between any blockchain. To be part of the discussion, join the IBC Working Group calls, every other Thursday at 3PM UTC. The next call is on July 11th 👉
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Cosmos-SDK Security Advisory Pineapple - Security - Cosmos Forum
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┏━━┓┏━━┓┏━━┓┏━━┓.┗━┓┃┃┏┓┃┗━┓┃┃┏┓┃.┏━┛┃┃┃┃┃┏━┛┃┃┃┃┃. INTER BLOCKCHAIN COMMUNICATION .┃┏━┛┃┃┃┃┃┏━┛┃┃┃┃.┃┗━┓┃┗┛┃┃┗━┓┃┗┛┃.┗━━┛┗━━┛┗━━┛┗━━┛.
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Crosschain validator consists of adding some higher levels protocols to added to IBC: .👉🏻 Leader/Follower chains.👉🏻 Registered Validator Pools.👉🏻 Programmable slashing and slashing for faults on other chains. Immediate applications are securing peg zones. /fin.
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Three requirements to implement IBC protocol on any consensus algorithm with any state machine: . 1. fast finality, .2. constant-size state commitments, .3. succinct commitment proofs . #Interchain #Interoperability.
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IBC is not a sharding protocol: there is no single state machine being split across chains, but rather a diverse set of different state machines on different chains which share some common interfaces.
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Now please do one for $INJ $TIA & $DYDX.
Is Kujira the next big L1, or a passing fad?. We’ll cover:.- How it works.- Pump narrative.- The truth. $KUJI has 5x'd from $0.7 to $3.8 in 30 days. TVL has grown commensurately from $16m to $94m. So, how does @TeamKujira work?. Kujira is a Cosmos based app-chain focused on
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Learn the difference between Value Transfer (ILP) and Asset Transfer (IBC)
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Please note that both clients on either end of an IBC connection would have to be updated to this version for these types of IBC token transfer tx to function correctly!. - . - migration doc @
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IBC is not an atomic-swap protocol: arbitrary cross-chain data transfer and computation is supported.
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IBC is not a token transfer protocol: token transfer is a possible application-layer use of the IBC protocol.
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“Introducing the Callbacks Middleware: Compose Smart Contracts and Modules with IBC” by.
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CESC18: Interchain Scaling and Security Models - Jae Kwon (Cosmos)
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Cross chain validation is about bringing the economic relationships of delegator and validators to new chains. There is a strong possibility that the new chain may have lower security for users.
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ibc-go v3.3.0 and v4.1.0 with a fix for a security vulnerability in the ICA host submodule. If your chain uses ICA host functionality, we recommend to upgrade as soon as possible.
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v2.0.0: .- bumps the Cosmos SDK from v0.44.2 to v0.44.3 .- bumps Tendermint from v0.34.13 to v0.34.14 .- major feature: supports up to uint256 values for token transfer amounts.
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