{"id":2799,"date":"2021-04-05T10:02:58","date_gmt":"2021-04-05T08:02:58","guid":{"rendered":"https:\/\/walloftraders.com\/blog\/?p=2799"},"modified":"2022-02-14T16:55:18","modified_gmt":"2022-02-14T14:55:18","slug":"finally-inter-blockchain-communication","status":"publish","type":"post","link":"https:\/\/walloftraders.com\/blog\/finally-inter-blockchain-communication\/","title":{"rendered":"Finally! Inter-Blockchain communication"},"content":{"rendered":"\n<p>For years now, crypto consumers have wished to have inter-blockchain communication. Finally Cosmos investors gave it a whooping yes of 112 million to 75 million votes. The aim of this communication is to enable token transfer off one blockchain to another. This will only be possible to blockchains that have implemented the standard.<\/p>\n\n\n\n<p>The Cosmos standard: Stargate which is an upgrade of the Cosmos ecosystem includes nodes which are said to be 200 times faster in synchronization. The announcement has brought an increase in the value of ATOM from $20 to $23 although it has not hit the February all time high of $26.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/04\/interblockchain.jpg\" alt=\"\" class=\"wp-image-3210\" width=\"335\" height=\"335\" srcset=\"https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/04\/interblockchain.jpg 450w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/04\/interblockchain-300x300.jpg 300w, https:\/\/walloftraders.com\/blog\/wp-content\/uploads\/2021\/04\/interblockchain-150x150.jpg 150w\" sizes=\"(max-width: 335px) 100vw, 335px\" \/><\/figure><\/div>\n\n\n\n<p>Sharing of data between independent blockchains will be seamless and permissionless. Inter-blockchain communication will make sure that contracts can utilize assets from a different blockchain. This is a true way to widen resource availability for Decentralized Finance.<\/p>\n\n\n\n<p>IBC enables interoperability between blockchains with different algorithm and structure which includes machinery. Therefore blockchains can now send and receive messages from other machines just like emails on computers.<\/p>\n\n\n\n<p>It is worth mentioning that blockchains are specialised entities that perform different functions on their platforms. But these blockchains need to access more information which may not be available on them but on another blockchain. This therefore means they can execute duties more appropriately that information from another blockchain.<\/p>\n\n\n\n<p>Cosmos has also confirmed that IBC allows running of new applications by using both fungible and Non-fungible tokens between chains, which will give way for cross-chain exchanges and NFT marketplaces.<\/p>\n\n\n\n<div class=\"swp_social_panel swp_horizontal_panel swp_flat_fresh  swp_default_full_color swp_individual_full_color swp_other_full_color scale-100  scale-\" data-min-width=\"1100\" data-float-color=\"#ffffff\" data-float=\"none\" data-float-mobile=\"none\" data-transition=\"slide\" data-post-id=\"2799\" ><div class=\"nc_tweetContainer swp_share_button swp_twitter\" data-network=\"twitter\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Finally%21+Inter-Blockchain+communication&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F&via=WallOfTraders\" data-link=\"https:\/\/twitter.com\/intent\/tweet?text=Finally%21+Inter-Blockchain+communication&url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F&via=WallOfTraders\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_twitter_icon\"><\/i><span class=\"swp_share\">Tweetez<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_facebook\" data-network=\"facebook\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F\" data-link=\"https:\/\/www.facebook.com\/share.php?u=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_facebook_icon\"><\/i><span class=\"swp_share\">Partagez<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_linkedin\" data-network=\"linkedin\"><a class=\"nc_tweet swp_share_link\" rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F\" data-link=\"https:\/\/www.linkedin.com\/cws\/share?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F\"><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_linkedin_icon\"><\/i><span class=\"swp_share\">Partagez<\/span><\/span><\/span><\/span><\/a><\/div><div class=\"nc_tweetContainer swp_share_button swp_pinterest\" data-network=\"pinterest\"><a rel=\"nofollow noreferrer noopener\" class=\"nc_tweet swp_share_link noPop\" href=\"https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fwalloftraders.com%2Fblog%2Ffinally-inter-blockchain-communication%2F\" onClick=\"event.preventDefault(); \r\n\t\t\t\t\t\t\tvar e=document.createElement('script');\r\n\t\t\t\t\t\t\te.setAttribute('type','text\/javascript');\r\n\t\t\t\t\t\t\te.setAttribute('charset','UTF-8');\r\n\t\t\t\t\t\t\te.setAttribute('src','\/\/assets.pinterest.com\/js\/pinmarklet.js?r='+Math.random()*99999999);\r\n\t\t\t\t\t\t\tdocument.body.appendChild(e);\r\n\t\t\t\t\t\t\" ><span class=\"swp_count swp_hide\"><span class=\"iconFiller\"><span class=\"spaceManWilly\"><i class=\"sw swp_pinterest_icon\"><\/i><span class=\"swp_share\">Enregistrer<\/span><\/span><\/span><\/span><\/a><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>For years now, crypto consumers have wished to have inter-blockchain communication. Finally Cosmos investors gave it a whooping yes of 112 million to 75 million votes. The aim of this communication is to enable token transfer off one blockchain to another. This will only be possible to blockchains that have implemented the standard. The &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Finally! Inter-Blockchain communication\" class=\"read-more button\" href=\"https:\/\/walloftraders.com\/blog\/finally-inter-blockchain-communication\/#more-2799\" aria-label=\"Plus sur Finally! Inter-Blockchain communication\">Lire plus<\/a><\/p>\n","protected":false},"author":6,"featured_media":3210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[194],"tags":[],"class_list":["post-2799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finally! Inter-Blockchain communication - The Crypto Trading Blog<\/title>\n<meta name=\"description\" content=\"Inter-blockchain communication is here\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/walloftraders.com\/blog\/finally-inter-blockchain-communication\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finally! 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