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  • Cosmos - The Evolution of IBC - Delphi Digital

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    The document discusses the evolution of Cosmos' Inter-Blockchain Communication (IBC) protocol. There are now 48 active zones connected through IBC, up from 8 a year ago. IBC allows transactions of tokens between zones but is limited by tokens being "path dependent". IBC is expanding beyond token transfers into novel uses like interchain security and interchain accounts. Interchain security allows scaling new features on the Cosmos Hub while interchain accounts enable controlling accounts on other chains, increasing cross-chain interaction complexity. Major competing hubs discussed are Osmosis, Axelar, Juno, and Evmos.

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    Cosmos_ The Evolution of IBC - Delphi Digital

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    The document discusses the evolution of Cosmos' Inter-Blockchain Communication (IBC) protocol. There are now 48 active zones connected through IBC, up from 8 a year ago. IBC allows transactions of tokens between zones but is limited by tokens being "path dependent". IBC is expanding beyond token transfers into novel uses like interchain security and interchain accounts. Interchain security allows scaling new features on the Cosmos Hub while interchain accounts enable controlling accounts on other chains, increasing cross-chain interaction complexity. Major competing hubs discussed are Osmosis, Axelar, Juno, and Evmos.

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    © All Rights Reserved
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    56 views7 pages

    Cosmos - The Evolution of IBC - Delphi Digital

    Uploaded by

    tonycheng100
    The document discusses the evolution of Cosmos' Inter-Blockchain Communication (IBC) protocol. There are now 48 active zones connected through IBC, up from 8 a year ago. IBC allows transactions of tokens between zones but is limited by tokens being "path dependent". IBC is expanding beyond token transfers into novel uses like interchain security and interchain accounts. Interchain security allows scaling new features on the Cosmos Hub while interchain accounts enable controlling accounts on other chains, increasing cross-chain interaction complexity. Major competing hubs discussed are Osmosis, Axelar, Juno, and Evmos.

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    of 7

    8/31/22, 9:42 AM Cosmos: The Evolution of IBC - Delphi Digital

    Cosmos: The Evolution of IBC


    JUL 21, 2022
    • 23 Min Read

    Ceteris Listen

    DISCLOSURES: DELPHI VENTURES HAS INVESTED IN ETHEREUM, OFF-CHAIN LABS (ARBITRUM), SOLANA,…
    Show More

    Key Takeaways
    Cosmos is a network of monolithic blockchains, predominately app-specific,
    connected through the Inter-Blockchain Communication (IBC) protocol
    There are now 48 active zones, up from 8 a year ago (IBC went live at the beginning
    of 2021)
    IBC has a few limitations, namely that tokens are “path dependent”, and thus IBC is
    likely to adopt a hub & spoke model around major “Hubs”
    To date, IBC has mostly been used for token transfers; now it is evolving, expanding
    into novel use-cases like Interchain Security and Interchain Accounts
    https://members.delphidigital.io/reports/cosmos-the-evolution-of-ibc 1/7
    8/31/22, 9:42 AM Cosmos: The Evolution of IBC - Delphi Digital

    Interchain Security is the solution to Cosmos’ bootstrapping bottleneck and allows the
    Cosmos Hub to scale new features
    Interchain Accounts enable chains to open & control accounts on other chains, greatly
    increasing the scale and complexity of cross-chain interactions
    Other major Hub contenders are Osmosis (Liquidity Hub), Axelar (non-IBC assets
    Hub), Juno (WASM Hub) and Evmos (EVM Hub)

    https://members.delphidigital.io/reports/cosmos-the-evolution-of-ibc 2/7
    8/31/22, 9:42 AM Cosmos: The Evolution of IBC - Delphi Digital

    Ceteris

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