Blockchain ecosystem Cosmos has announced the launch of Stargate, a set of upgrades that cover performance improvements in connection with the Cosmos software developer kit (SDK).
The upgrades also span across to the Inter-Blockchain protocol (IBC), which delivers interoperability by allowing blockchains communicate with each other.
Christopher Goes, Lead Developer of the IBC protocol, said: “For the first time ever, blockchains will be able to trustlessly connect to one another, bringing in a new era of networked blockchains, much like how TCP-IP brought in an era of networked computers.
“IBC will have a transformative impact on the blockchain space by creating an ecosystem of politically independent chains that can interact via trade and information exchange. Knitting together many different blockchains can form a new crypto-economic system which is more resilient, efficient, and locally sovereign.”
🔊 Cosmos community of validators, developers, integrators, clients, end users and $ATOM holders…Stargate is live! 🎉
Congrats to Cosmos Hub Validators and engineers for making this happen! 🎉https://t.co/ZJrEa8QIq0
— Cosmos – Internet of Blockchains (@cosmos) February 18, 2021
Stargate is the largest software upgrade in Cosmos’ history, and is a collaborative effort between seven distributed entities in the ecosystem including Regen, Interchain GmbH, Agoric, Tendermint Inc, Akash, Informal Systems and Iqlusion.
More than 200 projects are currently operating in the Tendermint ecosystem, 70 of which are running a mainnet.
Ethan Buchman, Co-Founder of Cosmos, added: “We are at the cusp of the web’s evolution into Web 3.0 and the Stargate release is making the Cosmos ‘Internet of Blockchains’ a reality.
“Sovereignty and interoperability are no longer mutually exclusive and we are excited to welcome people into the Cosmos ecosystem so we may build the decentralised web together.”
For more news, guides and cryptocurrency analysis, click here.f
Disclaimer: We do not give advice on financial products.