Cosmos Reveals IBC-Solidity Aims To Connect Ethereum To Cosmos

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Cosmos Reveals IBC-Solidity
  • The Cosmos team shared some details about IBC-Solidity and some of its goals in a recent Twitter post.
  • With IBC-Solidity, it will be possible to facilitate the transfer of messages, tokens, and data across a variety of blockchains.
  • ATOM is currently trading at $10.97 after a 3.48% price decrease.

The Cosmos team took to Twitter on April 6 to share more about IBC-Solidity. The team announced that IBC (Inter-Blockchain Communication) would be expanding to other blockchains like Ethereum. In detail, the Solidity implementation of IBC aims to connect Ethereum to Cosmos.

By using IBC-Solidity, it will now be possible to facilitate the transfer of messages, tokens, and data across a variety of blockchains. This includes blockchains like Ethereum, EVM-compatible blockchains, and Enterprise Ethereum.

The Twitter post also added that by being EVM-compatible, IBC-Solidity can also be used to connect chains like BSC, Polygon, and Avalanche. In addition to this, IBC-Solidity can then be utilized in cross-chain bridges to connect these public chains.

ATOM price
ATOM price Source: CoinMarketCap

Despite this announcement from yesterday, Cosmos (ATOM) is currently one of the cryptocurrencies trading in the red. CoinMarketCap indicates that ATOM is now worth about $10.97 after a 3.48% price decrease over the last day. The crypto also reached a high of $11.59 over the same time period.

Looking at the altcoin’s weekly performance, it is clear that the crypto still has a bit of work to do to creep back in the green zone as ATOM is down by just more than 1% over the last seven days. At the moment, ATM’s 24-hour trading volume is in the green and stands at $160,896,454 after a more than 12% increase since yesterday.

Its market cap of $3,138,919,550 means that ATOM is currently ranked as the 22nd biggest crypto in terms of market capitalization.

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