Lido’s Staked Ether Tokens Can Soon Be Used on Cosmos, IBC Blockchains
Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization. Original Source
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IBC
Cosmos co-founder says a major security vulnerability has been uncovered on IBC
On Thursday, Ethan Buchman, co-founder of interblockchain communication (IBC) ecosystem Cosmos, said that a 'critical security vulnerability' had been discovered that 'impacts all IBC-enabled Cosmos chains, for all versions of IBC.' Buchman assured that steps have already been taken to ensure that all major public IBC-enabled chains have been patched,
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‘IBC is a serious alternative for secure cross-chain communication,’ says Sunny Aggarwal of Osmosis
On August 2, the Nomad token bridge became yet another victim of cross-chain hacking after the protocol suffered a $190 million exploit. Joining a list of casualties alongside Axie Infinity’s Ronin Bridge and Solana’s Wormhole, many industry experts have cast doubt on the future of cross-chain technologies. However, not all
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Polymer’s $3.6M in Seed Funding Says IBC Is the Future of Crypto
Polymer is still in its early days and does not yet have a token, but development will eventually be governed by PolymerDAO, a decentralized autonomous organization that will allow token-holders to vote on proposals determining the future of the protocol. According to a press release from the company, PolymerDAO will
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‘We’ll see about 200 chains connected through Cosmos’ IBC next year’, says Tendermint CEO Peng Zhong
Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network.Transaction volumes, the creation of decentralized applications, and the number of chains connected
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