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. The number of tokens an individual or group holds determines how much influence their vote will have on the outcome of a proposal.
