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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    The Biggest Games Releasing in June 2025

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    The Biggest Shutdowns So Far in 2025

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    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    Blockchain And Crypto Are Future of Online Gambling

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    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    Key Innovations, Challenges, and What Comes Next

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    What Is a DEX? How DEXs Work and Why They Matter

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Picasso connects Ethereum to Cosmos IBC

April 5, 2024
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Picasso connects Ethereum to Cosmos IBC
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Interoperability and staking hub Picasso Network has successfully integrated the Inter-Blockchain Communication (IBC) Protocol with Ethereum.

READ ALSO

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This means that Ethereum can now transfer assets and data natively with the Cosmos Hub, Polkadot and Kusama via IBC. According to Picasso, more chains will be connected in the near future, including Solana.

Most bridging protocols today use the lock and mint or lock and burn method to transfer across blockchains, which can pose a security risk. Other blockchains introduce trust assumptions by introducing third parties who oversee these transactions. For this reason, native bridging is often considered the most secure way for two separate blockchains to transact with each other.

Read more: Rethinking the crypto bridge after year of hacks

IBC originated in the Cosmos ecosystem and enables native bridging of tokens, messages and accounts. To bring IBC to Ethereum, the Picasso team made changes to IBC and created an IBC stack on Ethereum.

According to Picasso, there are two light clients involved in the Ethereum and IBC connection. These relayers are responsible for transferring IBC packets between Ethereum and connected chains.

“As the first team to successfully connect Cosmos to Ethereum via IBC, we have achieved a pioneering breakthrough in crosschain interoperability, fulfilling the biggest milestone of our promise we made in 2021 to bring the highest level of security to bridging,” Henry Love, the executive director of the underlying organizational behind Picasso, Composable Foundation, said in a statement reviewed by Blockworks.

See also  How can blockchain projects give each other a helping hand?

Read more: Interoperability isn’t just a buzzword

Osmosis, one of the largest decentralized exchanges in the Cosmos ecosystem, will serve as the primary destination for Ethereum assets and liquidity within the Cosmos ecosystem.

“The shared vision is to allow for a unified and secure crosschain DeFi ecosystem, and connecting Cosmos with Ethereum is both a significant technical milestone and a UX and functionality improvement for users,” Aaron Kong, a growth and strategy contributor at Osmosis, said.

Tags: ConnectsCosmosEthereumIBCPicasso

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