
According to a report by The Block, StarkWare, the development company behind the Ethereum Layer 2 network Starknet, is collaborating with Informal Systems, the developer of the Cosmos network, to integrate Cosmos’s Inter-Blockchain Communication protocol (IBC) into Starknet. This integration will enable Starknet to connect with any IBC-compatible chains, including all chains within the Cosmos ecosystem and other compatible chains outside the system.
Currently, Cosmos and Starknet operate on different codebases. Starknet functions as a permissionless decentralized ZK-Rollup on Ethereum, utilizing STARK proofs to ensure high throughput and low transaction costs while maintaining the security of the mainnet. Cosmos, on the other hand, is an ecosystem comprised of multiple chains developed using the Cosmos SDK, which utilize the Tendermint consensus mechanism and communicate with each other through the IBC protocol.
StarkWare explained that the focus of this collaboration with Informal Systems is to achieve better decentralization and expand interoperability for Starknet by exploring the Tendermint consensus algorithm and the IBC protocol. Over the past year, StarkWare has been dedicated to several research and development projects, such as introducing zero-knowledge (ZK) scaling solutions to the Bitcoin ecosystem, the “ZKThreads” framework for Fractal Scaling, and parallel transaction execution.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
Table of Contents Toggle Stablecoin Usage Becomes Increasingly Compliant TRM …