Cosmos is now building a cross-chain DEX for IBC-enabled blockchains, dubbed Gravity
The self-described “Internet of blockchains,” Cosmos, has launched its Inter-Blockchain Communication standard, or IBC, enabling crypto assets to be transferred easily between independent blockchains.
Comos’ IBC went live on March 29, enabling token transfers between Cosmos and other IBC-compatible blockchains.
The feature, which has been in development for five years, was voted in via community governance with 112 million votes supporting the activation and 75 million opposed.
Over a two-week period, a Cosmos proposal needs to secure at least 512 ATOM tokens deposited in support of it for voting to proceed.