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The developers of the startup Althea have officially launched the Gravity Bridge, a bridge for moving tokens between Ethereum and the blockchains that are part of the Cosmos Hub ecosystem. In the future, this connection will move not only assets, but also oracular data, making it easier and protecting DeFi platforms from manipulation and attacks using flash credits.
In the early stages, the Gravity Bridge will function as a sidechain, but then it will be integrated into the Cosmos code to simplify the work on building the Internet of Blockchains.
This concept is being implemented using the Inter-Blockchain Communication protocol launched in March this year. At the moment, it combines 20 blockchains into a single system, repeating the ideas of Polkadot’s parachains.
The Cosmos Hub developers strive to achieve a smooth, decentralized and secure exchange of assets and information within the association. Inter-Blockchain Communication does not have the restrictions of Polkadot, “trading” a certain number of slots. This will allow next year to expand the system to 200 connected blockchains.
#Cosmos #Ethereum #bridged