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In a significant development for the blockchain ecosystem, Cosmos developers are actively working to broaden the scope of the Inter-Blockchain Communication Protocol (IBC) by integrating it with Ethereum. This advancement, reported on March 27th by COINOTAG and The Block, aims to bolster the interoperability of native tokens across these leading networks. According to Maghnus Mareneck, Co-CEO of Interchain Labs and a key contributor to the Cosmos initiative, early testing of IBC transfers from the Cosmos Hub (ATOM) to Ethereum has been conducted, signaling promising advancements in cross-chain communication.
Set to be unveiled as part of the forthcoming Eureka upgrade, this integration is being developed by collaborative efforts from various teams, including Interchain Labs. The anticipated launch of IBC-go v10 later this year is a strategic move towards realizing the vision of IBC as a universal standard, ultimately facilitating broader compatibility with significant blockchain platforms such as Solana in addition to Ethereum.
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