Picasso Network is now entitled to the Inter-Blockchain Communication (IBC) protocol with Ethereum. It facilitates sending assets and data across Ethereum as well as 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,”Composable Foundation Executive Director claims,” Henry Love stated.
Developing this integration and a greater security level over the conventional bridges methods with creating a common platform to work together with Ethereum and Cosmos community members.
Osmosis, one of the most crucial DeFi nodes within Cosmos, has been selected as the primary transfer destination for Ethereum assets thanks to its pools of liquidity, DeFi structure and high transaction volume of IBC.
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