How the Inter-Blockchain Communication Standard Is Shaping an Interoperable Future

The Cosmos ecosystem already totals more than 200 sovereign chains worth more than $120 billion in combined market cap. But the interchain future is still just getting started. The Inter-Blockchain Communication (IBC) protocol is to the interchain what TCP/IP is to the internet. Not only does IBC enable developers to support interactions and transfers between any two chains, but also complex operations that leverage data and assets across multiple chains simultaneously. The end result is the same composability that developers and users have come to expect from smart contracts, but now across blockchains as well. This liberates developers from having to build on congested networks in order to access users and funds. Instead, developers can deploy their own sovereign chain that instantly and seamlessly connects to users and funds of other blockchains. Peng Zhong, CEO of Tendermint