The ecosystem Polkadot has integrated with the Cosmos blockchain space via the Inter-Blockchain Communication (IBC) protocol.
1/ We are excited the #Polkadot ecosystem is joining the #interchain
The #interchain is an ecosystem of sovereign blockchains connected by a common interoperability standard.
The Polkadot integration via #IBC marks a step forward in realizing the interchain vision. pic.twitter.com/dZhus2PUVE
— Interchain Foundation (@interchain_io) June 30, 2023
According to the statement, networks on the Polkadot platform have ‘met’ more than 50 blockchains that support IBC.
The Cosmos team, through the interoperability protocol, aims to build an ‘internet of blockchains’ (interchain), which allows participants to interact in a decentralized way.
“This historic achievement paves the way for the adoption of IBC and for the joining of the interchain by a broader set of ecosystems that are not native to Cosmos,” the Interchain Foundation said.
Polkadot is also developing technologies capable of increasing blockchain interoperability. The platform provides the ability to launch autonomous networks (parachains) on its own substrate and cross-chain bridges.
In March, Injective launched a solution that enables developers building on Solana to deploy their apps in the Cosmos ecosystem.