- Cosmos’ IBC-enabled dApps are coming to Avalanche via the Landslide Network protocol.
- Landslide will release a testnet on November 1.
- The development will benefit both Cosmos and Avalanche ecosystems.
Cosmos Hub (ATOM), Avalanche (AVAX) and more than 100 IBC-enabled chains are set to benefit from interoperable connection thanks to the integration of the Inter-Blockchain Communication (IBC) protocol by the Avalanche subnet Landslide Network.
The development was announced on Tuesday, October 31 by the Interchain Foundation (ICF). Landslide’s incentivized testnet goes live on November 1, the ICF said.
1/ The ICF is excited to confirm that IBC is coming to Avalanche!@CosmosAVAX is developing the IBC light client on Avalanche, paving the way for seamless interoperability between Avalanche, Cosmos Hub, and 100+ other IBC-enabled chains.
Yes, @avax is joining the #interchain pic.twitter.com/uRAowiUDgW
— Interchain Foundation (@interchain_io) October 31, 2023
Bringing IBC-compliant dApps to Avalanche
According to the Interchain Foundation, the Landslide team has developed an IBC light client on Avalanche, in collaboration with software development firm Strangelove.
Ava Labs said in a statement that the development will see cross-chain communication come to Avalanche via CosmWasm smart contracts. The shared innovation resulting from the new gateway will benefit both the Cosmos and Avalanche ecosystems.
“This initiative is set to revolutionize the DeFi ecosystem by enabling IBC-compliant dApps to run seamlessly on the Avalanche network,” the Interchain Foundation posted on X.
Today’s news came as the price of ATOM spiked to $8.15, its highest level since August 15. Meanwhile, AVAX traded to highs of $11.65 as bulls looked to hold onto gains seen since October 19.
The post Cosmos (ATOM) brings IBC-enabled dApps to Avalanche appeared first on CoinJournal.
Go to Source
Author: Benson Toti
