The Block Crypto News15 minutes ago

Published on July 26, 2024 05:12 GMT+00:00edited on July 26, 2024 05:14 GMT+00:00

StarkWare, the core contributor and developer of Ethereum Layer 2 Starknet, will be integrating inter-blockchain communication (IBC) protocol — a key component of the Cosmos ecosystem designed to enable interoperability among independent blockchains. For this integration, it is collaborating with Cosmos contributor Informal Systems.

Currently, Cosmos and Starknet operate on different codebases. Starknet is a permissionless decentralized ZK-Rollup functioning as a Layer 2 network on Ethereum. It uses STARK proofs to ensure high throughput and low transaction costs while upholding the security of the mainnet. In contrast, Cosmos is an ecosystem comprising several chains developed using the Cosmos SDK. These chains utilize the Tendermint consensus mechanism and communicate with each other …