U.Today - With the new development, Avalanche's C-chain, one of the largest EVM-compatible blockchains, will be seamlessly interoperable with 100+ networks based on Cosmos' SDK. Also, Avalanche (AVAX) will be connected to the Cosmos Hub ecosystem.
Cosmos' IBC client to go live on Avalanche (AVAX)
Landslide Network, a first-ever project that brings IBC protocol to Avalanche (AVAX), launches an incentivized testnet tomottow, Nov. 1, 2023. Landslide is a light software client and the brainchild of a unique collaboration between Landslide and Interchain Foundation's Strangelove.The registration campaign for the testnet is running on the Landslide Network website. Potentially, any IBC-enabled chain or decentralized application (dApp) will be able to run natively on the Avalanche (AVAX) network.
The launch of IBC protocol on the top of Avalanche (AVAX) was foreseen by Avalanche (AVAX) inventor Dr. Emin Gün Sirer, founder and CEO of Ava Labs.
Nathan Windsor, cofounder and CEO of Landslide, is excited about the launch and the prospects it opens up for developers and researchers:
As by U.Today previously, on Oct. 25, 2023, dYdX open-sourced its standalone blockchain developed on Cosmos SDK.
ATOM price surges on apathetic market
Representatives of Ava Labs expect this collaboration to be mutually beneficial for both the ecosystem and for the entire global segment of Web3 and crypto:In recent announcements, ATOM, a core native utility and governance cryptocurrency of the Cosmos ecosystem, surges to its highest values since mid-August.
ATOM price added over 8.3% in the last 24 hours and jumped to $8.13. By contrast, Avalanche's AVAX lost 1.7% overnight.